French Multicaps selection
After a period of consolidation over the first month of the year, the French market welcomed the earnings reporting season, which has been positive so far, with the CAC 40 net return rallying 2.32% in February. However, political risk still remains high, as shown by French banks’ performances since the start of the year and the CAC 40’s performance lag to its European counterparts (apart from Italy) and to the US markets. Macro-economic data are still on a positive trend (PMI, inflation, economic confidence) and confirm the ongoing recovery in Europe. Meanwhile in the US, with the new...
Recommended minimum investment horizon
Igor de Maack graduated from HEC Paris School of Management and is a qualified member of the French financial analysts' association (SFAF) and also holds a postgraduate specialist diploma in International Taxation.
He began his career at Deloitte & Touche. In 1998, he joined the Project Financing department at BNP Paribas. In 2002, he moved to IXIS where he headed the group’s participation in the financing project for the A 28 motorway, then joined the equity research team at Ixis Securities and became senior Vice President of primary equity markets at Lazard-lxis.
He joined DNCA Finance in 2007 as an infrastructures portfolio manager.
Romain Avice is a graduate of EDC and holds a master's degree in Finance.
In July 2008, he joined DNCA Finance as an assistant management before becoming manager - analyst on Gallica in December 2012 and on DNCA PME in December 2014.
|SBF 120 NR||+9.39%||+5.47%||+9.43%||+17.14%||+18.91%||+5.70%||+87.29%||+73.40%||+7.36%|
This fund, which is eligible for PEA personal equity plans, is managed opportunistically. The fund’s strategy is based on discretionary investment management, through stock-picking, which does not aim to replicate the benchmark index. Investment criteria primarily include relative valuation to the market, the financial structure of the company, current and expected yield, management quality and the market positioning of the target companies. The fund manager shall focus investments on securities trading at levels which, in his opinion, do accurately reflect valuation and therefore incur limited downside risk.
The fund aims to outperform equity market trends represented by the SBF 120 index calculated on a net-return basis (dividends reinvested) via investment in French equities.
Mainly French equities (75 % minimum).
The fund, which is eligible for PEA personal equity plans, targets investors seeking exposure to the French equity market.
Pricing : Daily
Fund Legal Type : FCP
Country Of Domicile : FR
Min Subscription Amount :
Min Subscription Shares :
Subscription Fees : 3% max
Performance fee : 20% of the positive performance net of any fees above SBF 120 NR with High Water Mark
This fund is eligible for French PEA personal equity plans. Please consult your usual financial advisor for further information.
The above information is not a confirmation of any transaction and does not comprise investment advice. Past performances are not a reliable indicator of future performances. Management fees are included in performances. Access to products and services presented may be restricted regarding certain persons or countries. Tax treatment depends on the individual situation of each investor. For full information regarding strategies and fees, please refer to the prospectus, KIID documents and other regulatory information available on this website or free of charge on demand from the investment management company’s registered offices.