EFGAM launches high conviction global equity fund

EFG Asset Management has launched a New Capital Global Equity Conviction fund for head of equity research Robin Milway.

The fund, which launches on 11 May, is a high conviction global equity product with 40-60 holdings, picked using the group's proprietary Conviction Framework. The framework sees each stock receiving a score based on the company's cashflows and management, as well as its growth prospects and intrinsic value, with the highest conviction stocks making it into the portfolio. Milway (pictured) said: "This conviction framework is based on everything that has been done in the last 100 years in equity management. We have packaged the best bits up and put them into [this] framework." The fu...