Australian investors are increasingly looking for higher alpha portfolios, according to one fund manager.
BNP Paribas Investment Partners managing director Robert Harrison said in order to meet this demand they have launched the MFS Concentrated Global Equity Trust.
Australian and New Zealand investors will be the first in the world to be offered access to the new fund from US-based funds manager MFS Investment Management.
“This fund is built stock by stock — it is completely benchmark agnostic. In addition, the long-term focus on stock selection will result in lower turnover, which is particularly appealing to the Australian investor,” Harrison said.
With a targeted return substantially higher than more conventional global funds, it offers investors a unique vehicle to achieve capital accumulation. We are very pleased to be the first region to offer this fund to investors.”
According to Harrison, the MFS Concentrated Global Equity Trust will focus on 20 to 35 companies, which the London and Boston-based portfolio management team will select from among the most attractive ideas generated by the MFS global analyst team.
