Carolon Capital and Victory Capital have launched two UCITS funds focused on emerging market strategies.
The Victory Sophus Emerging Markets UCITS Fund (Sophus Fund) and the Victory Expedition Emerging Markets Small Cap UCITS Funds (Expedition Fund) have been approved by the Central Bank of Ireland and are structured as sub-funds of Carolon’s Dublin-based umbrella entity, Carolon Investment Funds plc.
The Sophus Fund is managed by Victory’s Sophus Capital franchise. The Sophus team, which has investment professionals located around the world, integrates quantitative and fundamental research to identify emerging market companies across all market caps with the potential for sustained above-average earnings growth at attractive valuations.
The Expedition Fund is managed by Victory’s Expedition Investment Partners franchise. Expedition has been a pioneer in managing small cap portfolios outside the US, employing a consistent process across geographies. The Expedition team employs a disciplined fundamental approach to identify emerging and frontier market small-cap companies operating in industries offering attractive investment opportunities as a result of secular changes.
“The UCITS fund model provides Victory with a unique opportunity to further diversify our investor base outside of the US,” says David Brown (pictured), Victory’s chairman and chief executive officer. “By partnering with Carolon, our Sophus and Expedition franchises can offer their specialised strategies to a broader group of investors while continuing to focus solely on the investment management of their funds.”
Victory will serve as the investment manager to the funds and has been cleared by the Central Bank of Ireland. With approximately USD55 billion in assets under management and advisement, Victory is an integrated multi-boutique asset management firm headquartered in Cleveland, Ohio. Through its 11 autonomous investment franchises, Victory offers investment advisory services to institutional, retirement and retail investors through a wide range of strategies.
Carolon will serve as the distributor and promoter for the funds. Through its experience in structuring new products and distributing funds in Europe, Carolon will facilitate the ongoing administrative oversight of Victory’s UCITS funds and will work closely with Victory’s distribution team to manage marketing for the funds.
“We are very proud to partner with Victory to capitalise on the significant opportunities that exist in the UCITS market,” says Tim Smith, president of Carolon. “Bringing Victory’s expertise to a widely accepted product outside of the US will provide new entry points for investors to tap into the resources of a highly respected and successful manager.”