GLOBAL - Credit Agricole Asset Management has launched a new Nordic portfolio aimed at both institutional and retail clients.
The fund, which forms part of the Luxembourg-domiciled Credit Agricole Funds, focuses on European TMTs and small-caps. The fund managers will be Claire Chaves de Oliveira and Jennifer Bacarisse. The portfolio will be benchmarked against the FTSE NOREX 30.
For institutional investors, the maximum subscription fee is 2.5%; annual management fee is 0.7%. The fund will be administered in Norwegian kroner.
According to CAAM the proposed portfolio will be neutral on TMT stocks, materials and finance, overweight in capital goods and retail and underweight in durable consumer goods. CAAM said that the fund aims to leverage off Scandinavia’s heavy weighting in technology stocks and cyclicals.
There is a minimum investment level of EUR0.5m
By Madhu Kalia
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