The fund aims to invest in equities of US companies trading at attractive valuations and having favourable environmental, social and governance characteristics.

Cullen, with $20.9 billion in assets under management, has managed exclusively “value” equity portfolios since its inception in 1983 and is strongly committed to ESG investment principles. The fund is managed by a team of three fund managers with longstanding experience in the US equity market and supported by a team of 10 analysts.

MFS Investment Management
, asset management house, has launched MFS Meridian Funds® – Contrarian Value Fund. A new unconstrained global equity fund can engage in controversial areas of the market” to spot businesses going through operating problems or being buffeted by a tough transition.

The firm defined “controversy” as being anything from a conflict over cyclical versus structural pressures to a temporary impairment of the business model. The fund seeks to buy businesses trading at a discount to their intrinsic value and where a margin of safety exists on the price paid and a strong balance sheet provides enough time for the thesis to play out.

(Margin of safety is the difference between the intrinsic value of the stock and its market price. Buying with a margin of safety means buying the stock well below what you think it’s actually worth, i.e. its intrinsic value.)

The fund is concentrated, generally holding fewer than 50 securities. It is run by portfolio manager Anne-Christine Farstad. The fund is domiciled and regulated in Luxembourg and structured as a SICAV.  It is registered in 14 countries across Europe.