F&C ASSET MANAGEMENT
LONDON, 16 March 2015 - F&C Investments has announced the expansion of its award-winning* European equities fund range with the launch of the F&C European Small Cap ex UK fund which opens for investment today. The fund is an ex-UK onshore OEIC version of an existing F&C European Small Cap SICAV fund that is a top quartile performer over 1, 3 and 5 years.
The fund is managed by Sam Cosh, who also manages the SICAV and European Assets Trust plc. The new equities fund will invest in the smallest 25 per cent of companies by market capitalisation; its benchmark is the Euromoney Smaller European Companies ex. UK. The fund aims to achieve long-term capital growth through investment in small and medium sized companies in continental Europe. The portfolio will comprise 40 - 60 stocks. The fund will have an annual management charge of 0.75 per cent in the clean share class, and also a founders' share class offering preferential terms.
"With a successful track record in investing in European equities, it was a natural next step for us to enhance our existing range in order to meet client demand," said Rob Thorpe, head of UK Sales for F&C Investments. "It was clear from our ongoing conversations with clients that there is an appetite from UK investors for European small caps. The fund, managed by an experienced and successful team, will use a proven strategy, providing clients with a product that has the potential to prosper regardless of the economic environment because of its successful stock-picking strategy."
This fund will use the same philosophy and process of the F&C pan-European equities team and
enhance F&C's existing range, which includes:
F&C European Small Cap fund - The SICAV (that includes UK exposure) aims to tap into the long-term growth potential of Europe's smaller and medium-sized companies
European Assets Trust - The investment trust aims to secure long-term growth of capital through investment in quoted small and medium-sized companies in Europe (ex. UK), with a high distribution policy adopted
F&C European Growth and Income Fund - Available as an OEIC (ex. UK) and a SICAV (that includes UK exposure) the funds target an attractive total return by focusing on stocks
across Europe that offer both income and capital growth
F&C European Equity Fund - The SICAV (that includes UK exposure) aims to generate superior capital returns by seeking out the best opportunities among pan-European equity markets
The pan-European equities team led by F&C's David Moss manages approximately £4 billion and consists of ten investment professionals with expertise across industries. The team focuses on researching and investing in high quality businesses, with a strong management team at an attractive price.
www.fandc.com
*The F&C European Small Cap fund won the Lipper Fund Awards 2015 'Best Fund over
5 Years' in the 'Equity Europe Small and Mid Caps' category in the UK, Switzerland and
Austria.
Sam Cosh, manager of the F&C European Small Cap Fund won the Investment Week
Overseas Smaller Companies Fund Manager of the Year Award 2014
About F&C Investments, a part of BMO Global Asset Management
F&C is focused exclusively on managing money for its clients. It manages assets for a combination of insurance clients, institutional investors, intermediaries and private individuals. F&C invests across all major asset classes - equities, fixed income and property - and has specialist expertise in asset allocation, alternative investments, liability driven investments, multi-manager, private equity funds and Environmental Social and Governance (ESG) Investing. The F&C Group includes F&C REIT, a global real estate asset manager.
F&C has a rich heritage that dates back almost 150 years and can be traced back to the founding in 1868 of the Foreign & Colonial Investment Trust.
F&C is a part of BMO Global Asset Management, a global investment manager delivering service excellence from 24 offices in 14 countries to clients across five continents. BMO Global Asset Management had approximately US$272 billion in assets under management, as of October 31,
2014. BMO Global Asset Management is a part of BMO Financial Group (NYSE:BMO), a fully diversified financial services organisation with C$522 billion total assets and more than 47,000
employees as of October 31, 2014.
Past performance should not be seen as an indication of future performance. The value of investments and income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount inve sted. The information, opinions estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time. F&C Group Companies may from time to time deal in investments mentioned herein on behalf of their clients. The source of information in all graphs is F&C unless otherwise stated. F&C Management Limited is authorised and regulated by the Financial Conduct Authority FRN: 119230 F&C Management Limited is a member of the F&C Group. The F&C Group is wholly owned by BMO Global Asset Management (Europe) Limited, which is itself a wholly owned subsidiary of the Bank of Montreal. F&C, the F&C logo, REO and the 'reo' logo are registered trademarks of F&C Asset Management plc. F&C Investments and the F&C Investments logo are trademarks of F&C Management Limited. © Copyright F&C Management Limited 2015. All Rights Reserved. Neither this document nor any part of it may be reproduced by any party whether by photocopying or storing in any m edium by electronic means or otherwise without the prior approval of F&C Management Limited.
F&C Management Ltd accepts no liability in respect of the information or any views expressed herein which may be subject to c hange without notice at any time.
Media Contacts:
Richard Janes
Director, Communications
Richard.janes@fandc.com
Tel: +44 (0) 20 7011 4298
fandc.sc@fticonsulting.com
Tel: +44 (0) 20 3727 1888
www.fandc.com
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