Aubrey Capital Management, the privately owned Edinburgh-based investment management firm, announced on 20 September that its flagship European Conviction Fund has been registered for institutional investors based in Italy.
The Fund, managed by Aubrey's founder and Director, Sharon Bentley-Hamlyn, invests in securities listed on Western or Emerging European exchanges to achieve long-term capital growth. It is a high conviction strategy focused on cash generative growth stocks with good balance sheets and strong ESG scoring. Its objective is to generate significant long-term returns by investing in European companies whose activities have a positive impact.
Since its inception in 2008, Aubrey's European Conviction strategy provided investors with a return of +169.6% vs its benchmark, the MSCI AC European Index, which generated a return of +86.9% over the same period, respectively.
Sharon has achieved these impressive performance figures through investing in quality European companies across a diverse range of sectors, including Capital Goods, Semiconductors & Equipment, Software and Services, Materials, Diversified Financials, Utilities, Food & Staples Retailing, Technology Hardware & Equipment, Media & Entertainment, Retailing, Commercial & Professional Services, Banks, Consumer Durables & Apparel, Automobiles & Components and Real Estate. In addition, the strategy's top five holdings include Dino Polska, ASML, Hexatronic Group, and Burckhardt Compression Renovables.
Aubrey has made the strategy available to broader European investors, as the strategy was originally started in 2008 specifically for an Italian institution. Aubrey's investment approach is further endorsed by a prominent Italian consultant, having listed the Global Emerging Market fund in their BUY list since 2021.
Aubrey Director, Sharon Bentley-Hamlyn, said: "We're thrilled to have reached a new milestone at Aubrey where we can now offer Italian institutional investors access to our European Conviction Strategy. Italy is a competitive market, but our unique approach of seeking out high-quality companies with impressive ESG credentials that can provide a return on equity, earnings per share, and cash return on assets greater than 15% per cent will offer clients in Italy diversification and promising returns. We're looking forward to working more closely with investors in the region."
About Treetop Aubrey European Conviction
A sub-fund of TreeTop Global SICAV Class R EUR ISIN: LU1964542093.
Objective: The sub-fund pursues an increase in value long-term investment.
Securities in the portfolio: Under normal market conditions, the fund invests primarily in shares of companies listed on stock exchanges in European countries, including emerging European countries. The fund also invests in other types of financial instruments compatible with its placement objective. The fund may use derivative instruments for investment purposes or to reduce investment risks (hedging).
Investment Process: The fund manager adopts a disciplined investment approach based on analysing the various stages of the wealth creation cycle. On this basis, the fund manager invests in companies which she believes offer strong growth prospects for their results and benefit from a solid and stable position relative to the competition. The fund manager also takes environmental and social criteria (including governance) into account in the process of selecting companies in which the portfolio is invested.
