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The strategy which has
existed for nearly 30 years has resonated strongly with French investors and will
now be available outside of France for the first time.
The fund is aimed at investors seeking a conviction-led active investment
management approach and aims to outperform the MSCI Europe index[[The MSCI Europe Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed markets in Europe. The MSCI Europe Index consists of the following 15 developed market country indexes: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. Index source: MSCI. The fund manager has full leeway as regards the benchmark and is not tied to
changes in the composition of the MSCI Europe.]] over a recommended minimum investment period of five years. The thematic fund has exposure to a traditionally defensive stock universe, consisting of European and international food and consumer companies.
The food and consumer sector can potentially offer some attractive opportunities
for example,
- Historically, companies are less sensitive to economic cycles – they can
potentially generate steady results and are often referred to as “safe-haven
stocks”; - These stocks can be boosted by product innovation and investment
- Companies can benefit from dynamic consumer spending in emerging
markets resulting from the growth of the middle classes and improvement in
purchasing power.
The fund will be managed by Francoise Lafitte who has a strong track record in
this sector having run a similar strategy the AAA Actions Agro Alimentaire fund.
At the end of March 2017, the AAA Actions Agro Alimentaire fund displayed an
annualized performance of 9.3%[[Natixis Food & Consumer Equities is the Feeder fund of the French-law FCP fund AAA Actions Agro
Alimentaire
]] since inception in 1985, with lower volatility[[As at 03/31/2017. R Share. Source Natixis Asset Management. Figures mentioned refer to past years. Past
performance is not a reliable indicator of future performance. ]]
than some of the major equity indexes. The fund has an AUM of €1.1bn.
Commenting on the launch, Matthieu Duncan, CEO of Natixis Asset
Management said “The launch of Natixis AM Funds Lux-domiciled SICAV is a
clear reflection of our international expansion strategy. The thematic equity
expertise, with its strong track record should resonate well with international
investors’. Natixis AM Funds were launched in 2014 and offers all investors
privileged access to Natixis Asset Management’s areas of investment expertise”.
It now includes 25 sub-funds with total assets under management of around
€4.5bn a t end-March 2017.
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