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Schroders launches new Swiss equity fund for Daniel Lenz

Schroders launches new Swiss equity fund for Daniel Lenz

Schroders has launched a new Swiss equity fund, Citywire Switzerland can reveal.

The new strategy is called the Schroder (CH) Swiss Small & Mid Cap fund and will be managed by Citywire + rated Daniel Lenz.

The deputy manager of the fund is Stefan Frischknecht, who is head of Swiss equities at the firm.

The fund will be managed by the same team as the Schroder ISF Swiss Small & Mid Cap Equity fund, and will follow the same investment approach.

A spokesperson of the firm said the new strategy is domiciled in Switzerland, which allows institutional investors to reclaim a certain amount of tax. However, private investors can also invest in the new portfolio.

The initial positions of the Schroder (CH) Swiss Small & Mid Cap fund will mirror those in its Luxembourg counterpart. However, with time it might deviate depending on the fund’s flows and cash position. 

According to June factsheet the top three positions of the Schroder ISF Swiss Small & Mid Cap Equity fund are Logitech (5%), Sonova (4.3%) and Flughafen Zuerich (3.9%).

The biggest overweight in the fund is Forbo Holdings, while the biggest underweight is Chocoladefabriken Lindt & Spruengli.

In his video interview with Citywire Switzerland in June 2017 Lenz explained why he still holds GAM despite its corporate governance issues and where he sees value driven opportunities. 

Schroder ISF Swiss Small & Mid Cap Equity fund has returned 49.06% in Swiss franc terms over the three years to the end of June 2017. Its Citywire-assigned benchmark, Swiss Performance Index Extra TR,  returned 46.05% over the same timeframe. 

 

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