DNCA €urocovery

Equities of countries in the €uro area

At 2017-01-23



Risk indicator

Year-to-date performance


Annualized performance since inception

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Volatility over 1 year


Recommended minimum investment horizon

5 Years

Net assets
(At 2016-12-30)


Inception date

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

Jean charles meriaux img6755

Jean-Charles Mériaux

Jean-Charles Mériaux is a graduate of HEC Paris School of Management.

After starting his career at Crédit Foncier de France, he joined Oddo & Cie in 1987. In 1994, he joined LCF Edmond Rothschild Asset Management, where he became a member of the Executive Board and Head of French and European Equities Management. He launched and managed funds Tricolore performance and Saint-Honoré Convertibles.

He joined DNCA Finance as an associate manager in October 2002. He became CEO of DNCA Finance between October 2005 to August 2014 and President between September 2014 and June 2015.


Isaac Chebar

Isaac Chebar holds a chemical engineering degree from the Polytechnic school of the University of Sao Paolo in Brazil.

He began his career at Société Générale managing emerging market funds and funds investing in Southern Europe. In 2000, Isaac joined Tocqueville Finance where he set up and managed Tocqueville Value Europe until 2002. He then joined Aviva asset management as head of European investments managing several discretionary funds.

He joined the DNCA Finance management team in 2007.


Adrien Le Clainche

Adrien Le Clainche holds a master's degree in Financial Management from Paris X Nanterre University.

In October 2010, he joined the rate management team and diversified DNCA Finance.


Fund evolution
Annualised performances

Inception date : 2014-12-15

PerfAt 2017-01-23
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DNCA €urocovery-0.34%
(1) The inception date of the Fund is 2014-12-15


The investment strategy of this fund, which is eligible for PEA personal equity plans, is based on a stringent management process selecting discounted eurozone equities trading at valuation levels which do not reflect the fund manager’s opinions and analysis. Stocks are therefore picked from within a basket of companies which are considered neglected and trading at a discount to the theoretical intrinsic value of their assets. Investment criteria primarily include economic fundamentals, management strategy and the market positioning of the target companies, with no prerequisites in terms of market capitalisation or sectors.

What objective?

To outperform the benchmark Euro Stoxx Net Return index (dividends reinvested) over the recommended investment horizon.

What breakdown?

- Equities of European companies with registered offices in eurozone countries (60% minimum)
- Equities and other assimilated securities eligible for PEA personal equity plans : min 75%
- Fixed-income products : max 25%
- Convertible bonds : max 25%

For what type of investor?

All subscribers, particularly those wishing to benefit from DNCA Finance’s expertise in eurozone stocks which do not reflect the fund manager’s opinions and analysis

Which characteristics?

Pricing : Daily
Fund Legal Type : FCP
Country Of Domicile : FR
Min Subscription Amount :
Min Subscription Shares :
Subscription Fees : 3% max

What taxation?

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


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.