European 'Value' Equities
Add to bookmarked fundsEconomic growth is sustainable and business confidence indices are still above the average seen over recent years. This trend points to a positive outlook for 2018 with growth figures above 2.2%. Efforts made over recent years to encourage lending are further driving this optimistic sentiment with increased investment from businesses.
Central banks’ plans for normalizing monetary policy are becoming more clear, as the Fed is in the starting blocks ready to hike leading rates gradually and without pulling any surprises over the next 12 months. The recovery in Europe has a lag of at least 24...
Isaac Chebar - Don Fitzgerald - Maxime GenevoisText completed on October 02, 2017
NAV
209.26€
Risk indicator
Year-to-date performance
Risks incurred : Risk relating to discretionary management, Equity risk, Credit risk, Foreign-exchange risk
5-year
annualized performance
Performance
2016
+2,19%
Volatility over 1 year
Recommended minimum investment horizon
Net assets
(At 2017-09-29)
Inception date
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.
Don Fitzgerald, CFA (Chartered Financial Analyst) graduated from Trinity College Dublin.
He began his career with Citigroup in 1996 firstly in Dublin then in Frankfurt and Paris. He joined WestLB Paris as an investor in distressed debt in 2003 and Tocqueville Finance in 2007. From 2008 to August 2015 he managed the fund Tocqueville Value Europe to first decile performance, by Quantalys, in its category over 1, 3 and 5 years. May 2015 he was awarded the Silver Prize by REVENU for risk adjusted returns in the European equities segment over 3 years. Trilingual, Don worked in Dublin, Paris , London and Frankfurt.
In September 2015, he joined DNCA Finance.
Maxime Genevois graduated from Toulouse Business School in 2015.
After several internships in financial analysis at DNCA Finance, Financière Arbevel and Rothschild & Cie Gestion, he joined the DNCA Finance management team in August 2015.
| PerfAt 2017-10-16 | YTD | 1 month | 3 months | 6 months | 1 year | 2 years | 5 years | Since | 2016 |
| DNCA Invest Value Europe | +9,21% | +2,7% | +1,36% | +5,69% | +18,82% | +13,09% | +78,87% | +109,26% | +2,19% |
| Stoxx Europe 600 NR | +10.92% | +2.91% | +1.60% | +4.47% | +18.29% | +14.01% | +63.73% | +77.54% | +1.73% |
The Sub-Fund will at all times invest at least two-thirds of its total assets in equities of issuers having their registered office in Europe or exercising the preponderant part of their economic activities in Europe. The Sub-Fund's investment strategy relies on a active discretionary management using a stock picking policy. The main investment criteria are the market assessment, the issuer's financial structure, the current and forecast yield rate, management quality and the issuer's market position. The investment sectors targeted by the Investment Manager are not restricted, including with regard to new technology stocks.
The fund seeks to outperform the Stoxx Europe 600 Net Return, over the recommended investment timeframe of five years.
European stocks or related derivative financial instruments (such as CFD or DPS): 75% to 100% of net assets
Non-European stocks: maximum 10% of net assets
Debt securities: maximum 25% of net assets
Units and/or shares in UCI funds: maximum 10% of net assets
In securities denominated in any currency. However, exposure to a currency that is not a base currency can be hedged with a base currency in order to reduce forex risk. Futures and OTC contracts in particular can be used for this purpose.
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 the investor who wants to invest in European equities while minimising risk in this asset class.
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 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.
