The new fund will be managed by two portfolio managers who collectively have more than 40 years' experience.

DNCA Investments, an affiliate of Natixis Global Asset Management, has launched a new fund that invests in European equities deemed undervalued.

The DNCA European Select Equity Fund will invest a minimum of 80 per cent of assets in European – excluding UK – equities. It employs a value investment approach, seeking stocks that are undervalued while showing sustainable profitability and growth, DNCA said in a statement. 

The fund will be run by two portfolio managers, Issca Chebar and Don Fitzgerald. Both based in Paris, they have combined investment experience of more than 40 years.

“European equity markets continue to look relatively cheap, and many European stocks, including small and mid-caps, are trading at a significant discount to their US peers,” Isaac Chebar, lead portfolio manager, said. "As uncertain times in Europe continue, staying focused on finding attractively valued companies can create plenty of investment opportunities, which is exactly what the new European Select Equity Fund has been created to do,” Chebar added.