The Danish Sparinvest Brings Value Concept to PPM investors.
Sparinvest,
the Danish independent asset management group with an enviable reputation for
value investment, has signed an agreement with PMM to market its
Luxembourg-domiciled fund range also to PPM investors in Sweden with immediate
effect.
Sparinvest’s General Manager, Thyge Lyngdal commented:
“This is
excellent news for Sparinvest. We are already distributing our funds in Sweden
via platforms, banks and some other distributors.
We are looking forward to
introducing our unique brand of value investing into the PMM universe
because we have already had a number of enquiries about our Sparinvest Global
Value equity fund on the basis of its performance to date and its positive
profile with a number of ratings agencies.”
Sparinvest’s principal product
for the European marketplace is the Luxembourg-registered Sparinvest SICAV which
currently comprises the following subfunds:
• Sparinvest Global Value –
Net assets € 506.4 million
• Sparinvest Long Danish Bonds – Net assets
DKK 311.6 million
• Sparinvest High Yield Value Bonds– Net assets €
174.3 million
Over the last three years, the Sparinvest Global Value fund
has generated a lot of interest. Fund Manager Jens Moestrup Rasmussen subscribes
to the old school style of value investment, as identified in the 1930s by
Benjamin Graham ‘The Dean of Wall Street’, but updated to take advantage of
modern technologies which can facilitate the search for value on a global scale.
In 2006 to date, Fund Manager Jens Moestrup Rasmussen and his team have
received several industry accolades including:
• Lipper Best Fund Award
2006
Lipper National Fund Awards 2006 in The Netherlands, in the category
global equity funds over three years
• Citywire AAA Rating in Germany
Jens Moestrup Rasmussen of Denmark’s Sparinvest received his first AAA
rating in Germany for his management of the Global Value Fund in January 2006
• Citywire Top 100 International Fund Managers Survey
16th place for
Jens Moestrup Rasmussen
• Forsyth-OBSR A Rating
Forsyth Partners is
the ratings agency that aims to identify ‘the winning funds of tomorrow’ through
rigorous qualitative research. A fund which achieves the Forsyth-OBSR A Rating
status is considered a highly commendable one.
Sparinvest welcomes all
enquiries from institutions and potential distributors.
More information about its fund range can be found at Website www.sparinvest.lu
- Ends -
Contact details
For further information, please contact:
Thyge Lyngdal,
General Manager, Sparinvest S.A.
phone +352 26 27 47 24, mail@sparinvest.lu.
Website www.sparinvest.lu
Photographs are available from jbr@sparinvest.lu
Editors
notes
About Sparinvest:
Sparinvest is one of Denmark’s leading independent
asset managers, founded in 1968 and with offices in Copenhagen and
Luxembourg. Sparinvest's products are aimed at both institutional and
private investors, and are offered through a number of first-class financial
institutions. As at end June 2006, Sparinvest managed and advised on assets in
excess of 11bn.
What’s different about Sparinvest Value approach?
What
differentiates Sparinvest from other value investing groups is:
• A
longer track record and deeper expertise than most – because they have adhered
to the value approach through good times and bad.
• A talented team that
adheres to a very strict set of procedures, applying the toughest of criteria
before determining that a company qualifies as value stock.
• Zero
‘style drift’ from Sparinvest’s fund managers – because the whole company
believes in the value investing approach and in the stocks chosen as a result of
the process.
• An average stockholding period of 3-5 years (compared
with an industry average of only six months) with a view to the delivery of
medium to long term growth
• A successful track record – which confirms
the robustness of Sparinvest’s process and which has given the Group some of the
top ranked value international funds when measuring both long term return and
risk.
What is value investing?
Successful value investing
requires:
• The identification of companies whose shares are trading at
a market price which represents a significant discount to their ‘intrinsic
value’
• Investment in stocks that offer a wide margin of safety and low
downside risk compared to the universe of equity investments
• A focus
on absolute return and the preservation of capital
• Patience and the
ability to remain calm in the face of short-term market fluctuations.