Flexible Diversified - UCITS Fund
At end-September, there were $11,600 billion in bonds rated at least BBB- and "offering" yield to maturity of less than 0% worldwide, up 6.1% vs. August, consisting once again primarily of sovereign bonds (85%).
However, the share of private sector companies in the issuer club that is lucky enough to be paid to borrow money is increasing and already stands at 15% of the group as a whole.
Against this backdrop of scarce yield, estimated dividend yield on the EUROSTOXX 50 of around 4% is like an oasis in the bond yield desert. Should we flock towards European equities or beware of a possible...
5-year annualized performance
Recommended minimum investment horizon
Xavier Delaye is a qualified member of the French financial analysts’ association (SFAF).
He began his career at Schelcher Prince. In 1986, he joined Oddo & Cie as an institutional fund manager. In 1996, Xavier joined Richelieu Finance where he became CIO.
In 2000, he co-founded DNCA Finance with Joseph Châtel and Charles Nouailhetas and became an associate partner.
Augustin Picquendar is a graduate of ESSCA Angers, holds a postgraduate degree in Banking and Finance and is also a qualified member of the French financial analysts’ association (SFAF) and a qualified CIIA (issued by SFAF).
After an initial professional experience at BNP Paribas, he joined DNCA Finance in January 2008 as assistant manager before becoming co-manager of DNCA Evolutif and DNCA Evolutif PEA.
Thomas Planell holds a Master’s degree in Finance from the INSEEC Business School (France).
He joined DNCA Finance in November 2013 as part of the DNCA Evolutif and DNCA Evolutif PEA fund management team, having gained previous experience at various financial institutions in asset management, selling derivatives and consulting.
|DNCA Invest Evolutif||-1.36%||+0.72%||+2.67%||+0.45%||-2.36%||+8.10%||+42.25%||+41.50%||+5.39%|
|Composite - DNCA Invest Evolutif NR (2)||-1.05%||+1.29%||+2.65%||+0.75%||-3.61%||+6.33%||+44.84%||+24.55%||+4.69%|
The profile of this diversified fund evolves according to our expectations, between balanced and dynamic. It is managed in a discretionary fashion depending on the convictions of the managers regarding both asset allocation and selection of securities.
The fund aims to match the performance of the composite index consisting of 60% Eurostoxx 50, 30% FTSE MTS 1-3 years, 10% EONIA, calculated with dividends and coupons reinvested, over the recommended investment timeframe, while also safeguarding the capital during downturns as a result of an opportunity-driven asset management strategy.
- Equities 30–100%
- Bonds/Money-market instruments 0–70%
For the investor who is unsure between a balanced and dynamic profile and who wants to take part in bull markets for equities, while trying to protect himself in difficult periods.
Pricing : Weekly
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 : 0.2% of the positive performance net of any fees above Composite - DNCA Invest Evolutif NR with High Water Mark
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.