The German boutique Habbel, Pohlig & Partner (HP&P) has launched a fund to target equities from south Europe.
The fund can invest in up to 40 different names in countries that since the euro crisis have been labelled as peripheral. The fund is also likely to focus on names from countries such as Turkey with comparatively better growth.
'Whoever believes in the euro currency should also believe in equities from southern Europe,' said Matthias Habbel, founder and fund manager at HP&P.
Habbel, who has managed the HP&P Euro Select fund since 1999, will manage the strategy with Andreas Hauser and Bernd Haferstock.
The fund already has a large exposure to companies in Spain in the telcos and energy sectors.
The fund, Aktien Südeuropa UI fund, that is launched from a platform at Universal Investment is domiciled in Germany under a Ucits label.