New Funds Additions to Our Selection List
Enhancing Our Selection for a Changing Market Landscape
In line with WSP’s commitment to rigorous due diligence and forward-looking analysis, six new funds have been added to our recommended lists during the first quarter of the year. These additions aim to strengthen our selection with actively managed portfolios capable of navigating the evolving market environment—or alternatively, with strategies offering strong diversification through assets that are less correlated with global markets.
For clients seeking equity exposure with the added benefit of skilled active management, we have introduced three core solutions. Two are within the Global Equity space—GQG Partners Global Equity and Pinebridge Global Equity—while the third, M&G (Lux) European Strategic Value, offers a compelling opportunity in European Equity Value.
Investors targeting high-yield potential in fixed income will find value in two new offerings from a credit-specialized manager: Principal Capital Securities Fund and Principal High Grade Capital Securities Fund.
Finally, we continue to broaden our lineup of absolute return strategies designed to deliver consistent performance regardless of market volatility. The SEI GMF Liquid Alternative Fund, a systematic multi-strategy portfolio, is our latest addition in this space.
Equity Global
Pinebridge Global Focus Fund
The fund is suitable for investors seeking a core proposition to invest in global equities. It displays low tracking error but with consistent and regular outperformance historically.
The aim is to generate alpha from stock selection but with a portfolio construction limiting biases (style, sector, or top-down bets). Top quartile risk-adjusted track record.
The fund follows a unique approach based on lifecycle analysis of companies (exceptional growth, high stable growth, high cyclical growth, mature and turnaround) rather than traditional GICS sector breakdown.
Differentiated framework that generates diversifying excess returns. Distinctive portfolio, with low correlation and overlap with its best peers, often more skew towards value or growth style, bringing diversification benefits to investors who typically have more than one strategy in the same asset class
GQG Partners Global Equity Fund
The fund is suitable for investors seeking a core proposition to invest in global equities. It displays low tracking error but with consistent and regular outperformance historically.
The fund invests in Global Equities seeking consistent, long-term outperformance in all market environments with lower volatility than the MSCI ACWI Index.
The fund focuses on bottom-up fundamental analysis, with a macro-overlay . There is no style bias, the strategy seeks to balance investments according to markets’ opportunities over the next 5 years and beyond.
Historical outperformance is derived from a disciplined, repeatable investment process focused on forward-looking quality, making this strategy interesting as both a stand-alone manager or diversifier when paired with other managers within a diversified portfolio.
Impressive track record of outperformance since inception compared to benchmark and peer group. The fund ranks consistently 1st quartile on risk-adjusted metrics such as Sharpe, Sortino and Calmar ratios. The asymmetry of returns is outstanding with among the best downside protection, including in very adverse markets’ environments. Alpha is mainly generated in down markets and well spread among stock selection and sector/country allocation.
Equity European Value
M&G European Value Equity Fund
The fund provides access to Pan-European equities with a quality value approach and a diversified portfolio.
Risk-managed stock selection and portfolio construction to avoid value traps and minimize biases.
Consistent track record in different environments, driven by growth or value, with solid downside protection.
A diversified portfolio investing in cheapest stocks in all the sectors, providing sector diversification compared to others value competitors. The fund invests across the whole market cap spectrum.
Simple but repeatable investment process based on quantitative screening of the universe, fundamental bottom-up stock selection and risk-aware portfolio construction to outperform the MSCI Europe Index over a full cycle.
1st quartile risk-adjusted performance as measured by Sharpe, Sortino or Calmar ratios. Downside risk is very well managed over time and through different cycles. Consistent track record even in value-adverse environments,
Fixed Income – Subordinated Financials
Principal Capital Securities Fund
The fund by investing in the full range of the capital security markets offers a relatively unique solution for taking advantage of the most attractive opportunities in these asset classes. Investment rationale is a strategic allocation with the goal to capture the yield premium over senior debt with limited credit risk.
The fund aims to provide investors with attractive yields by investing in Capital Securities which include corporate hybrids, subordinated financials, and preferred shares.
The fund will predominantly invest in EUR denominated capital securities with min. 80% of securities rated investment grade. Exposure to CoCos can’t exceed 30%.
Launched in March 2024, which is too short to have an opinion on past performance. Our assessment is based on the track of their flagship Principal Securities fund which has delivered robust performance through successive sovereign and financial crises.
Principal High Grade Capital Securities Fund
The fund by investing in the full range of the capital security markets offers a relatively unique solution for taking advantage of the most attractive opportunities in these asset classes. Investment rationale is a strategic allocation with the goal to capture the yield premium over senior debt with limited credit risk.
The fund aims to provide investors with attractive yields by investing in Capital Securities which include corporate hybrids, subordinated financials, and preferred shares.
The fund will predominantly invest in EUR denominated capital securities with 100% of securities rated investment grade, and no exposure to CoCos.
Launched in March 2024, which is too short to have an opinion on past performance. Our assessment is based on the track of their flagship Principal Securities fund which has delivered robust performance through successive sovereign and financial crises.
Alternative – Global Multi-Strategy
SEI GMF Liquid Alternative Fund
The fund is suitable for investors seeking long term capital growth with an absolute return approach and a moderate level of volatility.
Core and liquid alternative strategy cheaper than peers. It displays solid diversifying features to complement a diversified portfolio of stocks and bonds. The fund seeks to outperform a pool of leading hedge funds not through manager selection but rather through lower fees and trading efficiencies.
The strategy aims to replicate the pre-fee returns of a portfolio of leading hedge funds in the Equity Long/Short, Relative Value, Event Driven and Managed Futures categories using sophisticated, proprietary, multi-factor models.
The investment objective is cash +5% (gross) over a market cycle. The fund seeks to generate those absolute returns from a combination of strategic alpha (traditional alternative strategies) and tactical alpha (managed futures).
Since inception, it has outperformed the Eurekahedge Institutional Multi-Strategy Index with lower drawdowns and ranks among the top performing multi-strategy UCITS hedge fund products.
To access our analysts’ reports on the funds mentioned above, feel free to contact us directly or request the reports through our online library.
Alternatively, you can register for free as a user member to our OpenList. Some of the selected funds are included in this list, which gives you access to our reports and other information on funds.