European long-hedged equities
DNCA Invest One
Absolute return
- Life insurance
Key indicators
As of 30/09/2026
Key indicators
- Net assets169 M€
- Gross exposure344%
- Net exposure-0.5%
- Net exposure (beta adjusted)4.9%
Sector exposure
As of 30/09/2026
Sector exposure
| Long | Short | Net | |
|---|---|---|---|
| Automobiles and Parts | 1.9% | -3.6% | -1.8% |
| Banks | 17.1% | -18.8% | -1.7% |
| Basic Resources | 4.7% | -3.2% | 1.5% |
| Chemicals | 5% | -6.5% | -1.5% |
| Construction and Materials | 6.5% | -3.3% | 3.1% |
| Consumer Products and Services | 8.4% | -9.3% | -0.9% |
| Energy | 10% | -8.4% | 1.6% |
| Financial Services | 2.9% | -5.1% | -2.2% |
| Food, Beverage and Tobacco | 3.4% | -6.5% | -3.1% |
| Health Care | 22% | -20.3% | 1.7% |
| Industrial Goods and Services | 37.2% | -31.8% | 5.3% |
| Insurance | 4.2% | -7.7% | -3.5% |
| Media | 4.7% | -0.8% | 4% |
| Personal Care, Drug and Grocery Stores | 2.2% | -4.4% | -2.2% |
| Real Estate | 11.6% | -14.1% | -2.5% |
| Retail | 2.7% | -0.7% | 2% |
| Technology | 18.3% | -17.3% | 1% |
| Telecommunications | 2.1% | -2.9% | -0.8% |
| Travel and Leisure | 5.5% | -3.3% | 2.2% |
| Utilities | 5% | -5.3% | -0.2% |
Geographical exposure (long positions)
As of 30/09/2026
Geographical exposure (long positions)
- Germany110.8%
- Italy49.1%
- France42.4%
- United Kingdom27.2%
- Netherlands17%
- Spain15.1%
- Switzerland13.3%
- Ireland6.4%
- Belgium5.2%
- Sweden4%
- USA4%
- Denmark3.9%
- Austria3.6%
- Greece3.1%
- Luxembourg1.8%
- Bermuda1.6%
- Finland1.2%
- MULT1%
- Jersey0.9%
- Poland0.2%
- Guernsey0.2%
- Norway0.1%
Main long positions
As of 30/09/2026
Main long positions
- EURO-BOBL FUT52.9%
- EURO-SCHATZ FUT37.1%
- Short Euro-BTP FUT37%
- Euro-BONO Sp Gov6.8%
- TOTALENERGIES SE2.9%
Main short positions
As of 30/09/2026
Main short positions
- STXE Sml 200 (EUR) GRt-37.6%
- MSCI EUROPE VALUE GR-36.8%
- Euro-OAT Future-12%
- Stoxx 600 Industrial Goods and Services GRt-11.8%
- STXE 600 (EUR) GRt-10.7%
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, Key Information Document and other regulatory information available on this website or free of charge on demand from the investment management company’s registered offices.
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Information on the fees, commissions or non-monetary benefits : DNCA Finance would like to inform its clients (existing or potential) that within the context of its fund management business, DNCA Finance may receive from or pay to third parties (e.g. introducing brokers, distributors, brokers, asset managers) certain commissions, fees or non-monetary benefits in connection with the provision of investment or ancillary services. Upon request, DNCA Finance may communicate to its clients any additional information relating to these remunerations, commissions or non-monetary benefits.
The Sub-Fund promotes environmental and/or social characteristics within the meaning of Article 8 of SFDR.
Sustainability risk means an environmental, social, or governance event or condition that, if it occurs, could potentially or actually cause a material negative impact on the value of a Sub-Fund’s investment. Sustainability risks can either represent a risk of their own or have an impact on other risks and may contribute significantly to risks, such as market risks, operational risks, liquidity risks or counterparty risks. Sustainability risks may have an impact on long-term risk adjusted returns for investors. Assessment of sustainability risks is complex and may be based on environmental, social, or governance data which is difficult to obtain and incomplete, estimated, out of date or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed.
Consequent impacts to the occurrence of sustainability risk can be many and varied according to a specific risk, region or asset class. Generally, when sustainability risk occurs for an asset, there will be a negative impact and potentially a total loss of its value and therefore an impact on the net asset value of the concerned Sub-Fund.
The reference benchmark does not intend to be consistent with the environmental or social characteristics promoted by the Sub-Fund.