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PSigma sets out strategy for global equity income fund

PSigma is set to launch its global equity fund that will use a GDP-focused benchmark in its investment process.

It will be managed by PSigma’s New York equity strategic partner, Centre Asset Management with James Abate and his partner Jing Sun as fund managers.

The fund launches on June 17 and has secured £20m seed money. The fund aims to generate capital growth and dividend income from a concentrated portfolio of 80-100 stocks.

Fund Manager Jing Sun says: “Our hands are not tied between developed and emerging markets. We are able to go where the global stock opportunities are with the focus on the best of the blue chips from developed markets with emerging blue chips from the developing world.”

Centre Asset Management head James Abate says: “The PSigma global equity fund will not just look at the world equity markets today but will also ask what the world equity markets will look like a few years down the road. By using GDP growth as one of the key screens in the investment process, the fund focuses on the future rather than the past.

“In the early development stages of many countries, the countries’ equity markets are often small.  Consequently, their representations in the global equity market indexes are small and do not reflect their future potentials. “

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