Montanaro launches Ireland-domiciled version of Global Select fund
The Article 8 fund will be managed by George Cooke, Montanaro's head of fund management.
The fund will provide international investors the opportunity to invest in the same strategy as the UK-domiciled WS Montanaro Global Select fund, which was launched in January 2020.
Its aim is to achieve capital growth in excess of the MSCI World SMID Cap index over any five-year period by investing at least 60% of its assets in the shares of high quality, well-managed smal and medium sized companies across developed markets.
Montanaro AM founder's son joins firm
The Article 8 fund will be managed by George Cooke, Montanaro's head of fund management and manager of the UK version, supported by a team of 39. He will take an unconstrained, «best ideas» approach to portfolio construction, with a target of 30 high conviction holdings.
Montanaro has invested €5.5m of its own money in the fund and intends to remain a shareholder for the long term. Management fees will be waived for investors until 1 January 2025.
Asset managers stick with Link Fund Solutions as ACD
Cedric Durant des Aulnois, CEO of Montanaro, said: «As the purest expression of our quality growth investment philosophy, the WS Montanaro Global Select Fund has become increasingly popular with UK investors, having grown to €75m in a challenging market environment.
»I am excited about the launch of a UCITS equivalent to this fund. With George Cooke at the helm of both funds, our investors are in good hands."
European Opportunities trust outlines plans for 25% tender offer
Early Black Friday fizzles out with lacklustre November retail sales
Read more on investmentweek.co.uk
