German equity specialist, Tungsten Capital Management, has rolled out a Newcits fund investing in U.S. equities, Citywire reports. The fund has been launched through SEB Enskilda’s Frankfurt-based platform, Master KAG, which offers risk control, fund administration and fund accounting. The new absolute return product invests only in the most liquid instruments listed on the major U.S. exchanges. Tungsten has already run the non-Ucits version of the new fund for 10 years. SEB Master KAG is an extension to the company’s alternative Ucits offering in Luxembourg.
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