UK / EUROPE - Deutsche Asset Management (DeAM) has consolidated its UK and European small cap investment teams into one portfolio.
Previously, the small cap team consisted of two distinct UK and continental European small cap teams. The restructure forms part of a wider review of the company’s investment structure which has already been implemented in both the equity and fixed income model portfolio teams.
DeAM's small cap investment chief Richard Curling said: “The equity marketplace is moving increasingly towards Pan European investment. Indeed, for many clients, the distinction between the UK and Continental Europe is not relevant. By organising our structure along sector lines, employing model portfolios, we believe we can enhance our highly successful investment process.”
The small cap model portfolios are based on the three products: European, UK and continental European small cap. The UK and continental European small cap model portfolios each hold 75 stocks while the European model portfolio comprises 100 stocks.
DeAM uses a bottom-up investment style with all team members responsible for researching a number of small cap sectors across Europe, rather than being assigned specialist research sectors.
By Shifa Rahman
This week's edition of Professional Pensions is out now.
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