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Investment expertise

European Equities

European Equities

European equities offer unrivalled opportunities in terms of breadth of sector and market exposure. Europe is perhaps the most outward-looking of all the major investment regions.



Whilst there is ample opportunity to invest in strong domestic franchises, European equities also include a considerable number of global brands, technology leaders and firms with cutting-edge industrial expertise. Today, the picture in Europe has changed: political instability has faded and the growth rate is more synchronised and less fragmented.

Opportunities:

  • The stable economy and growth rates supported by accommodative monetary policy make European equities attractive.
  • Political risks in Europe have receded, especially since the French elections.
  • Earnings estimates in European equities are strong with upward revisions.
  • Core Europe is showing strong confidence indicators with some signs of inflation picking up.
  • The funds are managed with a bottom-up approach by an experienced team of stock pickers with a long-term investment focus.

Investment philosophy & process:

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The team uses top-down analysis based on their thematic ideas with a bottom-up investment process which leads to a high-conviction, concentrated portfolio of 50–70 stocks.

After researching the market and sectors, they come up with thematic, macroeconomic and sector views. Then, most of the process is bottom-up through quantitative screening, company meetings and broker research inputs.

  • Quantitative screening and research are based on valuations, growth, income, and returns.
  • Through meetings with European companies (500+ per year) the team gathers in-depth knowledge of their businesses.

The fund managers will take into account the political and economic environment, but only invest if they find companies that match their investment criteria from a balance sheet perspective.

The team applies strict risk management, analysing and controlling risk at stock, sector and overall portfolio level.

Funds

Europeen Equities

  • Large- and small-cap European equities
  • Overlay management
Our Range Offering
Co-Head of Pan-European Equities

Robert Jones

Robert joined UBP in 2010 as Co-Head of Pan-European Equities and has 25 years of investment experience. At Threadneedle he managed six funds. He holds a degree in Business Studies from the University of Brighton.

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Co-Head of Pan-European Equities

Scott Meech

Scott joined UBP in 2010 and is Co-Head of Pan-European Equities alongside Rob. He has 29 years of investment experience. Scott managed seven institutional UK portfolios at Threadneedle. He graduated with a Bsc in Economics from City University London.
European Small Cap Equities, Senior Portfolio Manager

Charlie Anniss

Charlie joined UBP in 2016 to launch a European small-cap equity fund and support the team on SMID cap equities. He graduated from the University of Bristol in 2000 with a degree in French and Spanish. He is a CFA charterholder.

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Institutional clients

With a team of more than 200 people, UBP Asset Management has built an on-the-ground presence in the world’s major markets through organic growth and selected partnerships.

Our fund range

Funds

View all our funds.

Insight 20.06.2018

Managing political risk in EM

There are around 80 countries in which we can invest, so we may have to contend with up to 20 elections a year. This does not call for being either cautious or bullish, but for being politically aware and having a process for assessing political risk. In our case this means understanding the economic impact of different outcomes, working out which ones have been priced in, and monitoring opinion polls.