Pzena Global Focused Value Fund
Pzena Investment Management has launched the Pzena Global Focused Value Fund to Australian investors.
The fund will invest in a concentrated equity portfolio (40 to 60 stocks) of deeply undervalued companies. It will be benchmarked to the MSCI All Country World Index and is available to institutional and retail investors.
"In launching the fund at this time, Pzena recognises the very wide valuation dispersion between the cheapest and most expensive stocks in global stockmarkets today. The extreme levels of undervaluation of value stocks provides a rich environment to invest in a portfolio of outstanding companies trading at depressed valuations," Pzena founder, managing principal, and co-chief investment officer, Richard Pzena, said.
Subscribe to
Subscribe to our weekly newsletter highlighting the people and products in the institutional and retail finance industry. This is a FREE service for those working in the industry.