New Capital
Swiss Select Equity fund

»Urs Beck

Switzerland: a local play on global growth

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Accessing global growth via one of the world's strongest economies

The New Capital Swiss Select Equity Fund launched in 2014 under Urs Beck and taps into one of the strongest economies in the world.

Switzerland has several advantages from both a market and macro perspective: the stock market is large and liquid, inflation has been low over the long term and, compared with many of its European peers, the country has the flexibility of its own currency.

With the Swiss National Bank removing the cap on the franc in 2015, there is scope for the currency to appreciate further.

As a fairly small country, most Swiss companies tend to have an international presence as they come up against geographical boundaries early in their life. This means Swiss equities are a global play that benefit from many local advantages.

While New Capital is a macro-driven house, we give our managers the flexibility to add alpha via stockpicking and see real advantages in local expertise.

Manager Urs Beck is an experienced investor in Swiss equities, with a long track record of analysing companies in the region. He looks for businesses where management has a solid strategic plan and the means to realise it – and where the valuation is in line with that growth potential.

We focus on active management at New Capital and Beck believes a higher tracking error is vital for performance in a market where giant companies, such as Roche, Nestle and Novartis, dominate the benchmark. The fact that the Fund started from scratch in 2014 – and therefore has no legacy investing in these blue-chips – allows for a more entrepreneurial management style.

Local knowledge is key for this mandate, but it also benefits from our macro-driven culture at New Capital. It is vital to look past geographical boundaries and understand what is happening on a global scale, particularly as so many Swiss businesses have an international footprint.

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Morningstar rating is shown for the New Capital Swiss Select Fund CHF Inst Acc share class

53.65%

Cumulative performance
CHF Inst Acc share class Since inception (13 Mar 2014)
 
  1 Year YTD
Fund
Benchmark
»MONTHLY COMMENTARY
»QUARTERLY WEBINAR

PRICES AND LITERATURE

Class ISIN Price Currency Price Date Factsheet Datasheet KIID
CHF Ord Acc. IE00BJFL7Y31 147.16 CHF 8/21/2017
CHF Inst Acc. IE00BJFL7Z48 150.49 CHF 8/21/2017
GBP Inst Acc (unhedged) IE00BJFL7V00 109.47 GBP 8/21/2017 -
EUR Ord Acc IE00BJFL7W17 96.69 EUR 8/21/2017 -
USD Ord Acc IE00BJFL7R63 104.74 USD 8/21/2017 -

DOWNLOAD FUND DOCUMENTS FOR DUE DILIGENCE

Reports & Accounts
Annual Report-ENG
Semi-Annual Report-ENG
Prospectus
Full Prospectus-ENG
How to Invest
Application Form
Shareholder Notice
Shareholder Notice-ENG
HMRC Year End Reporting
HMRC Reporting-ENG
Registration Matrix
Registration Matrix-ENG
Dealing Calendar
Dealing Calendar-ENG
Memorandum and Articles of Association
Memorandum and Articles of Association-ENG

DOWNLOAD HISTORICAL PRICES FOR DUE DILLIGENCE

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