New Products
EFG Asset Management Launches UK Equity Fund

The asset management arm of the Swiss private banking group has boosted its equity offering.
EFG Asset Management has launched a UK equity fund under its mutual funds brand, New Capital.
The New Capital UK Select Equity Fund will invest in 35 to 45 UK stocks across all market capitalisations.
The fund will be managed by John Leahy, who recently joined the firm from Hermes Investment Management, where he ran UK smaller company strategies for 14 years. Based on fundamental analysis, he take a bottom-up approach to stock selection to manage a high quality, high-conviction portfolio, the firm said.
“The UK is in a relatively strong position in economic terms, and now is an opportune time for investors to capitalise on the burgeoning enterprises we uncover, as well as the more mature companies we believe still have upside potential,” said Leahy.
EFG Asset Management managed $12 billion of assets as of the end of 2015.