Alken to add Continental Europe fund to £4.3bn range

EU-Euro-Currency-Money-European-700x450.jpgAlken is adding a Continental Europe fund to its range as it looks to expand its appeal in the wholesale market.

The fund will sit alongside the £2.2bn European Opportunities fund, the Absolute Return Europe fund and the Small Cap Europe fund and will be run by the same team, led by Nicolas Walewski and Marc Festa.

Sales director and product specialist Alisdair Bell says the launch is “a natural progression for [the] European equity product range”.

Bell says: “The firm’s assets currently stand £4.3bn and the launch comes at the appropriate time as we continue to find compelling investment opportunities across Europe.

“We believe robust economic data, positive revisions to corporate earnings and not least diminishing political risk make Continental Europe an attractive proposition to investors.”

Alken Continental Europe launches on 1 November with early bird share classes for both sterling and euro investors for a limited period.