Investec Asset Management has launched the Investec GSF Global Endurance Fund, a global equity strategy that aims to deliver superior performance with lower absolute volatility.
The portfolio is based on companies that pay an attractive dividend yield but with the most volatile stocks excluded.
It is managed by Christine Baalham and Nigel Hankin, members of Investec’s 4Factor Equity team.
Baalham says investors are not rewarded for taking the additional risk of owning more highly volatile shares, or “lottery” stocks, as behavioural biases lead to over valuations.
Investec had US$100 billion (€76.4 billion) of assets under management at the end of September.
©2012 funds europe