EFG Asset Management launches New Capital Swiss Select Equity Fund
EFG Asset Management (EFGAM) has launched the New Capital Swiss Select Equity Fund, an open-ended equity fund that will invest in 35 to 45 Swiss stocks across all market capitalisations.
The fund will be managed by Urs Beck, a Zurich-based Swiss equity fund manager who recently joined EFGAM.
Beck will combine his expertise in bottom-up stock selection with EFGAM’s top-down sector analysis without the constraints of a benchmark or specific investment style.
Prior to joining EFGAM, Beck was head of Swiss equities at Zuercher Kantonalbank (ZKB), running both institutional and retail Swiss equities mandates for seven years.
The New Capital Swiss Select Equity Fund is the eighth sub-fund in its New Capital mutual fund range – the New Capital UCITS Fund PLC – and joins the New Capital Dynamic European Equity Fund as part of the New Capital portfolio of European funds. The fund is currently open to institutional and qualified investors only but will be available to retail investors pending registration in Switzerland, UK, France, Germany, Netherlands, Luxembourg and Sweden.
Patrick Zbinden, CEO, EFG Asset Management Switzerland, says: “We are very pleased to have an experienced portfolio manager of Urs’ calibre and proven track record join the New Capital family of funds. The development of Swiss equities as one of our core competencies further underlines our commitment to investment management in Switzerland.”
Beck says: “Launching a focused Swiss equity fund for the New Capital fund family is an excellent opportunity for me to leverage my expertise so as to benefit EFG’s clients and professional investors seeking investment opportunities in Switzerland. I am delighted to be part of the team.”
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