Last updated: 20:18 / Tuesday, 10 December 2013
US Large Cap Equity

Smead Capital Management Launches UCITS Fund

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Smead Capital Management Launches UCITS Fund
  • The portfolio of the Pareturn Smead US Value Fund will mirror the US-based Smead Value Fund and the firm’s flagship US Large Cap equity strategy.
  • BNP Paribas Securities Services is the custodian and fund administrator to the UCITS Fund.

Smead Capital Management announces the launch of the Pareturn Smead US Value Fund domiciled in Luxembourg. The Fund, which became available to qualified non-US investors on November 29th 2013, will initially be offered through the US Dollar-denominated Institutional Share Class with a $1 million investment minimum. The Fund will also offer the Institutional Share Class in British Pounds Sterling and Euros.

The portfolio of the Pareturn Smead US Value Fund will mirror the US-based Smead Value Fund and the firm’s flagship US Large Cap equity strategy. CIO William Smead will serve as Lead Portfolio Manager of the fund with Director of Research Tony Scherrer, CFA, serving as Co-Portfolio Manager. The portfolio will be managed based on the firm’s investment philosophy and eight criteria, which is focused on valuation mattering dearly, being long-term business owners and seeking out high-quality businesses.

Our firm believes there is lack of competition in the UCITS marketplace and would like to put our best foot forward to fill the needs of advisors, family offices and institutions.

Director of Marketing and Sales Cole Smead, CFA, will head the firm’s UCITS distribution and will serve as the primary contact for UCITS shareholders. BNP Paribas Securities Services is the custodian and fund administrator to the UCITS Fund.

“We are excited to offer our long-duration US common stock ownership to investors outside the United States borders,” noted Bill Smead, CIO of Smead Capital Management. “We see a bright economic future for the US paired with a strengthening dollar as the economy improves and consumer confidence returns. We believe our stock picking criteria combined with what will likely take place in the United States over the next 5-7 years will be a delight to foreign investors.”

Andrew Dougherty, Head of Alternative & Institutional Solutions, BNP Paribas Securities Services, commented, “We are honored to be the service provider of choice for a well-established firm like Smead Capital. The company’s interest in establishing distributions abroad is forward-thinking and speaks volumes about the increasing global nature of asset management. Our know-how in cross-border distribution coupled with their disciplined investment strategy will prove to be a fruitful long-term relationship.”

“We are very appreciative of the investors abroad that have entrusted us to manage our US Large Cap portfolio on their behalf,” said Director of Marketing and Sales Cole Smead, CFA. “We are pleased to bring on BNP Paribas Securities Services as a new partner with their expertise in the UCITS space. Our firm believes there is lack of competition in the UCITS marketplace and would like to put our best foot forward to fill the needs of advisors, family offices and institutions.” 

For your information...

Smead Capital Management is a registered investment advisor headquartered in Seattle, WA; founded in 2007. According to the firm's website, the company was formed to allow investors to benefit from long-term ownership of common stocks meeting the firm’s eight proprietary investment criteria. The firm manages a US Large Cap equity strategy in separate accounts and mutual funds for advisors, family offices and institutions.

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