DNCA Investments has launched an equity fund to specifically target northern European markets, the French company has announced.
The new strategy is Luxembourg-domiciled and was originally set up on November 2 2016 before being formally launched on April 3.
Auffret and Wu will use an identical investment criteria to the DNCA Invest Europe Growth fund, which over the three years to the end of March 2017 returned 38.04% in euro terms.
This compares with a 25.99% rise by its Citywire-assigned benchmark the STOXX Europe 600 TR EUR, over the same time period.
The DNCA Invest Norden Europe fund will be able to invest up to 15% of assets in high-quality financial stocks.
The fund is set to target high-quality companies in northern European countries, with core countries such as Norway, Sweden, Finland, Denmark, Germany, and Switzerland.
The fund also has remit to invest in the UK, Benelux, Ireland and Austria, but to a lesser extent.
The company also runs a dedicated DNCA Invest South Europe Opportunities fund. This was originally an Italy-only fund but was overhauled in order to tap into companies from Italy, Spain, Portugal and Greece.
The fund is currently managed by Citywire + rated Isaac Chebar and Lucy Bonmartel and returned 1.1% over the three years to the end of February 2017. This compares with a sector average of 13.9% over the same time period.
This also comes as the firm set out to expand its international funds range with the launch of a global convertible bond fund.