Rothschild unveils Europe best ideas fund for AA-rated Huet

Edmond de Rothschild has launched a high conviction European fund for a team led by Citywire AA-rated manager Olivier Huet.

The Edmond de Rothschild Euro Convictions fund will aim to outperform the market at each stage in an economic cycle, by betting on the best stocks selected for its four European strategies, Edmond de Rothschild Europe Synergy, the Europe Value & Yield, Selective Europe and Euro Leaders.

The strategies have amassed more than €4.6 billion (around £3.8 billion) in assets.

Lead manager Huet currently runs the Edmond de Rothschild Selective Europe fund, which has returned 52.11% over three years compared to the MSCI Europe index, which has risen 36.99%.

The vehicle's stock selection strategy is based on a bottom up approach that examines company fundamental, valuations and potential upside. Out of a basket of roughly 150 European companies the team will examine the macroeconomic environment and stockmarket conditions to narrow this broader list of companies down to a basket of between 30 and 50 stocks.

Rothschild said it has been running a dedicated European equities fund for a French institutional investor using as similar strategy, adding that the vehicle has returned more than 24% since July 2009, outperforming its MSCI EMU (EUR) Index benchmark by 15%.