Covid-19 has made the importance of digital financial services perfectly clear, so it’s hardly surprising that a Genève-based bank is now tapping into the FinTech industry with a new fund.
Union Bancaire Privée has announced the launch of the UBAM – Global Fintech Equity fund, a new global equity strategy investing in a wide range of areas of the FinTech industry.
The fund will invest in 20 to 40 stocks offering global exposure across FinTech-related themes ranging from global payments to financial IT infrastructure, networks and security, data and analytics, InsurTech and RegTech, and innovative financial platforms.
“The FinTech theme is benefiting from structural trends and has been further boosted by the increased need for e-commerce and data technology solutions amid the Covid-19 pandemic,” Michaël Lok, co-CEO of asset management at UBP. “After four years of research, we are therefore extremely proud to have put together this new strategy based on our proprietary CFROI investment framework, and to offer another innovative thematic solution to investors.
“Such a strategy can help to diversify a tech exposure and is an efficient way to secure an allocation to various disruptive trends within the fintech industry.”
Martin Moeller will lead UBP’s Swiss & Global Equity team as the fund’s portfolio portfolio manager.
“The FinTech segment provides access to a well-established secular growth theme and to value creation, at a reasonable price,” said Moeller. “It is an attractive hunting ground for companies with proven business models that can increase cash flow generation with high visibility. In our experience superior value creation leads to long-term outperformance, and we find the fintech universe offers outstanding opportunities.”
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