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French firm targets UK investors with first onshore fund

French firm targets UK investors with first onshore fund

French asset management firm DNCA Investments has launched its first onshore open-ended fund targeting UK-based investors.

The DNCA European Select Equity fund will invest at least 80% of assets in European equities—excluding UK.

It will use a value approach, investing in undervalued stocks with a potential for sustainable profitability and growth.

The lead manager on the Oeic will be Isaac Chebar (pictured), who is supported by co-manager Don Fitzgerald both of whom are based in Paris and have a combined investment experience exceeding 40 years.

The fund will charge a flat fee of 80bps for institutional investors and 100bps for retail investors.

DNCA Investments is an affiliate of Natixis Global Asset Management, with assets under management of €19.8 billion (£16.8 billion). It has 105-strong staff across offices in Paris, Milan and Luxembourg. 

‘DNCA has experienced phenomenal success in recent years across a number of European markets,’ said Darren Pilbeam, head of UK retail at Natixis Global Asset Management.

‘As UK-based investors increasingly seek high-conviction, European equity strategies, we are confident that DNCA will also see strong demand for this fund in the UK.’

Chebar added: ‘European equity markets continue to look relatively cheap, and many European stocks, including small and mid-caps, are trading at a significant discount to their US peers.

‘As uncertain times in Europe continue, staying focused on finding attractively valued companies can create plenty of investment opportunities, which is exactly what the new European Select Equity fund has been created to do.’

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Don Fitzgerald
Don Fitzgerald
167/195 in Equity - Europe (Performance over 3 years) Average Total Return: 20.62%
Isaac Chebar
Isaac Chebar
166/195 in Equity - Europe (Performance over 3 years) Average Total Return: 20.62%
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