The latest in funds and investments across North America.

EFG Asset Management
EFG Asset Management has launched the New Capital US Future Leaders Fund.

It is an equity fund designed to exploit the growth of emerging companies that are benefiting from the economic transformation brought about by disruptive business models in the US.

The fund is a high conviction, long-only equity fund that will typically invest in 30 companies across the mid-cap space. The fund will maintain a fundamental, active stock-picking style which focuses on management, earnings momentum and strong balance sheets. 

Business sectors currently favoured by the fund include technology, healthcare, financials and consumer discretionary. It will be benchmarked against the Russell Mid-Cap Growth Index.

It is managed by EFGAM’s US growth equity team, all of whom have worked together since 2003. Based in Portland, Oregon, they consist of senior portfolio managers, Joel Rubenstein, Tim Butler and Mike Clulow, and research analyst Chelsea Wiater.