Wellington Management has launched a global equity value fund, which will be managed by Stefan Brugger.
The new fund aims to beat the MSCI World Value index over the long term through a contrarian approach to stock picking, prioritising companies reporting below their long-term earnings potential.
The fund will typically consist of 70-90 holdings, with a preference for mid- and large-cap names.
Brugger said: “Markets have recently been heavily driven by a few themes, leading to an extreme divergence in valuations and creating exciting opportunities for value managers.
“Despite strong performance from the growth areas of the market, there is still a wide pool of high-potential companies on track for significant upside.”
Brugger joined Wellington in October 2024 after spending two decades at Union Investment, where he managed a global equity value strategy for 12 years.