EFG readies fund to benefit from ‘new peak' for M&A

EFG Asset Management is set to launch an M&A tracker fund led by global chief investment officer Mozamil Afzal, together with head of equity research Robin Milway.

The new product will be a structured note with a two-year maturity from its launch date, which is set for 24 May, but it will have daily liquidity and may be sold at any time. The 2 Year EFGAM Global M&A Tracker Certificate will invest in a basket of stocks selected by EFG’s team of equity analysts. Its goal is to build wealth by investing in stocks that can capture the M&A theme, with the aim of outperforming global equity indices during the two-year period. It will invest in a diversified basket of 20 to 25 global equities divided into three sub-baskets: ‘acquirer companies’ (10%-30...