Adepa Asset Management, the Luxembourg-based investment boutique, has announced the launch of a concentrated, all-cap portfolio US equity fund, which aims to target long-term growth stocks and capitalise economic growth.
DIP – US Equities fund will invest across small, mid and large-cap stocks and will not be limited by cap-size. It will invest in between 20-40 S&P 500 index stocks, and will focus on attractive valuations and sustainable earnings growth.
DIP is a Luxembourg UCITS umbrella. It is administered by ADEPA and managed by A&G Fondos SGIIC SA, the Spanish Fund Manager.
When announcing the fund, Adepa stated that the market risk is presented by its sole focus on the happenings of the US market. They however stressed the low level of liquidity risk.
Investments will be made in US dollars predominantly, and hedged back to the fund’s currency base, euros.
SOURCE: citywire 16/09/2013