The latest in fund and investment news from around the world.

EFG
EFG Asset Management, part of Switzerland’s EFG International, has launched the New Capital Europe Future Leaders Fund, the third fund in the Future Leaders suite.

The latest offering is an equity fund focused on owning innovative companies with differentiated business models and led by entrepreneurial management teams. It aims to deliver long-term capital appreciation through a high conviction, concentrated, fundamentally driven portfolio with a high-quality mid-cap bias that will typically invest in 30-35 stocks.

The fund aims to be exposed to structural trends such as clean technology, cybersecurity, natural ingredients and blockchain technology. It will be benchmarked against the MSCI Europe ex-UK Net Return Index. It is managed by Bibiana Carretero who also manages the New Capital Dynamic European Equity Fund. She is supported by Martin Stockner and Jonathan Rawicz.

The firm rolled out  the New Capital US Future Leaders Fund in August 2018 and the New Capital Asian Future Leaders Fund in December 2018.