DNCA Invest
Europe Growth

Selection of pan-European growth stocks

At 2017-03-23

NAV

109.23$

Risk indicator

Year-to-date performance

+5.77%

Annualized performance since inception

+31.51%
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Performance 

2016

+2.22%

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Volatility over 1 year

-

Recommended minimum investment horizon

5 Years

Net assets
(At 2017-02-28)

565M$

Inception date

2015-09-28
Past performance is not an indicator of future performance
Management fees are included in performance. The performances are calculated net of any fees by DNCA FINANCE.
This is not a capital guarantee fund

Fund Managers

Cau

Carl Auffret

Carl Auffret is a CFA charterholder and also holds a master’s degree in Management and a postgraduate degree in Banking and Finance from Paris IX Dauphine University.

In 1999, he began his career at SG Securities in London as a sell-side analyst covering the consumer goods sector. In July 2003, he returned to France to become sector fund manager/analyst at CM-CIC Asset Management before taking over the Union Europe Growth pan-European growth equity fund in 2005.

He joined the DNCA Finance management team in May 2012.

Ywu

Yingying Wu

Yingying Wu is a graduate of HEC in 2010 and is a CFA charterholder and also holds a master’s degree in Journalism from The Communication University of China in Beijing (2005).

She began her career in the European equities department of BNP Paribas Asset Management in Paris where she co-managed global discretionary funds and an emerging Asia fund.

She joined the DNCA Finance growth team in April 2015.

Performances

Fund evolution
Annualised performances

Inception date : 2015-09-28

PerfAt 2017-03-23
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YTD

DNCA Invest Europe Growth+5.77%
Stoxx Europe 600 NR+4.91%
Simulator
(1) The inception date of the Fund is 2015-09-28

Briefly

The Sub-Fund's investment strategy relies on active discretionary management aimed at investing in high-quality pan-European growth stocks. The selection process is based on picking stocks according to their intrinsic worth (an in-depth analysis of fundamentals is conducted in-house), not on the composition of the benchmark index. Investments may therefore be concentrated on a limited number of stocks; there must nevertheless be at least 20 stocks in the portfolio.

What objective?

The fund seeks to outperform the pan-European equity markets over the recommended investment timeframe. The Stoxx Europe 600 Net Return EUR benchmark index, calculated with dividends reinvested, can be used as a comparison post-performance.

What breakdown?

Stocks in companies that have their head office in the European Union or related derivatives instruments (such as CFD or DPS): 60% to 100% of net assets,
Stocks outside the European Union: up to 25% of net assets,
Euro-denominated fixed-income government or corporate securities: 0% to 25% of net assets
Units and/or shares in UCI funds: up to 10% of net assets
The fund may invest in listed derivatives instruments or OTC derivatives products (other than CFD and DPS) equating to 40% of its net assets, including standardized futures contracts and non-complex options traded on the regulated markets in order to hedge or increase equity exposure, while not actively seeking overexposure.

For what type of investor?

All investors and in particular investors who are seeking exposure to the European equity markets.

Which characteristics?

Pricing : Daily
Fund Legal Type : SICAV mutual fund governed by Luxembourg law
Country Of Domicile : LU
Min Subscription Amount :
Min Subscription Shares :
Subscription Fees : 3% max
Performance fee : 20% of the positive performance net of any fees above Stoxx Europe 600 NR

What taxation?

This fund is eligible for French PEA personal equity plans. Please consult your usual financial advisor for further information.

Highlights

Legal 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.