DNCA Evolutif PEA

Flexible

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Portfolio managers comments
March 2018


Despite continued solid macroeconomic indicators, the first quarter of 2018 was hit by renewed volatility across all asset classes.

The US was the epicenter for the main stockmarket tremors with renewed inflationary fears and the risk of a surge in long-term rates, uncertainties on protectionist measures that could lead to a trade war between the US and China, and lastly, a trend to risk reduction on tech stocks following a potential toughening in regulation on sector companies after the Facebook scandal on data privacy.

These uncertainties spread to the other side of the Atlantic, dragging...

Pierre Pincemaille - Augustin Picquendar - Thomas PlanellText completed on April 03, 2018

At 2018-12-13

NAV

138.35€

Risk indicator

Year-to-date performance

-10,04%

5-year
annualized performance

+0,67%
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Performance 

2017

+2,29%

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Volatility over 1 year

8,93%

Recommended minimum investment horizon

5 Years

Net assets
(At 2018-11-30)

68M€

Inception date

2006-08-03
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

Pierre Pincemaille

Pierre Pincemaille holds a postgraduate degree in Economics and a Master in Finance from Paris II Panthéon Assas University. Pierre started his career in 1998 at Indosuez Private Banking as a European equities portfolio manager, with a particular focus on energy and chemicals stocks. He joined IXIS Asset Management in 2002 and took on responsibility for European equities funds managed on behalf of CNP, and also became a member of the investment committee. Pierre moved to BNP Paribas Asset Management in 2007 to take charge of the "Best Select" funds on Europe and the Eurozone in a team of nine staff (€11bn in UCITS and institutional mandates) and was also head of financial analysis for the energy sector.

Pierre Pincemaille joined DNCA in June 2016.

Augustin Picquendar

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

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.

Performances

Fund evolution
Annualised performances
PerfAt 2018-12-13
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YTD

DNCA Evolutif PEA-10,04%
Composite Index DNCA Evolutif PEA TR (2)-5.81%
Simulator
(1) The inception date of the Fund is 2006-08-03
(2) 75% DJ STOXX 600 NR; 25% EONIA

Briefly

The profile of this diversified fund varies between balanced and dynamic, according to our anticipations. Asset allocation and stock-picking within the fund are managed on a discretionary basis based on the fund managers’ convictions.

What objective?

Capital appreciation by optimising the risk-return profile, coupled with stringent volatility management.

What breakdown?

- Equities 30 à 100%
- Obligations 0 à 25%
- Produits monétaires 30 à 100%

For what type of investor?

For investors interested in both a balanced and a dynamic profile, wishing to participate in bullish equity market phrases whilst seeking protection during more challenging periods, or more risk-averse holders of PEA personal equity plans.

Which characteristics?

Pricing : Daily
Fund Legal Type : FCP
Country Of Domicile : FR
Min Subscription Amount :
Nil (Share C, Share N)
Min Subscription Shares :
1 (Share C, Share N)
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.