JO Hambro to launch Global Opps fund
JO Hambro Capital Management’s Global Opportunities fund goes to launch next Friday (June 28) for managers Ben Leyland and John Wood.
The fund, which will have a capacity limit of £5 billion, will follow the same investment approach as the managers’ £900m UK Opportunities fund.
Ben Leyland, lead manager, explained the investment approach: “We think we are approaching a generational buying opportunity for global bluechip equities and no one is interested. We are looking to get ourselves in a situation where heads we win, tails we don’t lose too much.”
The portfolio will consist of between 25 and 40 holdings, which will constitute equally weighted position sizes of between 2% and 4%.
The fund’s largest overweight geographical exposure will be to Europe ex-UK and includes holdings in Societe BIC, Roche Holding AG and TeliSonera AB. The fund will have initial underweight positions in the US, emerging markets and Japan.
The fund’s exposure to North America is 13.9% underweight the MSCI ACWI Total Return index benchmark, reflecting an investment strategy which is company-focused rather than reliant on macro-economic indicators.
The annual management fee for retail share classes will be 0.15%.
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