Swiss-based Union Bancaire Privée has launched a thematic fund targeting developing trends in the fintech sector, accelerated by Covid-19.
Managed by the fund manager’s Swiss and global equity team, the UBAM – Global Fintech Equity fund will invest in between 20 and 40 stocks, tracking fintech-related themes including global payments, financial IT structure, security and data analytics.
According to UBP, the market depth cap of the fintech universe, made up of around 180 companies, is more than $2 trillion (€1.7 trillion).
The fund adopts a bottom-up approach based on proprietary valuation models that emphasise cash generation, UBP said in a statement.
Lead portfolio manager Martin Moeller, who also co-heads the Swiss and global equity team, said: “The fintech theme is benefiting from structural trends and has been further boosted by the increased need for e-commerce and data technology solutions amid the Covid-19 pandemic.”
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