Edmond de Rothschild Asset Management has launched a fund investing in the top eurozone conviction picks from four of its European strategies.
With an investment universe of up to 150 companies, the Edmond de Rothschild Euro Convictions fund will select the top picks from its inhouse range.
This includes the Edmond de Rothschild Europe Synergy, Europe Value & Yield and Selective Europe and Euro Leaders funds.
Having filtered out stocks that are not eurozone, the investment universe typically shrinks to roughly 80 companies, of which between 30 and 50 will be in the final portfolio.
“Our best conviction picks are based on company fundamentals, valuation levels and potential upside,” the asset manager says. “At the same time, positions are tactically adjusted to optimise the portfolio’s risk/return profile. This stage involves taking special care over the portfolio’s sector and geographical breakdown so as to avoid being over-exposed to a sector or country. “
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