French boutique launches global equity fund

Parisian boutique Société Privée de Gestion de Patrimoine (SPGP) has launched a new fund, Selection Action Rendement International.

The France-domiciled global equity fund will be invested in companies of all sizes across Europe, Asia and North America. It will aim to take advantage of a wide spectrum of high-return, currently-undervalued, low-volatility stocks and will be invested a minimum of 60% in such stocks. It will have no more than a 25% exposure to emerging markets’ stocks. The fund will use a value approach. 

The new fund will be managed by Philippe Joly, who already manages SPGP's Sélection Action Rendement fund.

SPGP was created in 1992 by Xavier Roulet.