Neuberger Berman has launched its US Large Cap Value strategy in Europe as a Ucits fund, managed by its New York-based portfolio managers.
Eli Salzmann and David Levine, supported by 38 senior research analysts, manage the US Large Cap Value strategy and will also run the Ucits version.
The fund will take a bottom-up, research-driven approach to find US businesses that are considered undervalued and have the potential for price appreciation.
Salzmann said: “As some of last year’s unknowns become knowns, it is likely that the changing market environment will spur volatility thus creating opportunities within the value investing space. We believe that equities remain the most attractive asset class over the long term given their potential to generate capital appreciation.”
He added that being positioned in more cyclical areas had benefitted the fund recently and that the team continue to monitor the impact of the Federal Reserve’s inflation outlook, as well as company valuations in the equity space.
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