Small & MidCap Selection

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At 2018-03-19



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 2018-02-28)


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

Igor de Maack

Igor de Maack graduated from HEC Paris School of Management and is a qualified member of the French financial analysts' association (SFAF) and also holds a postgraduate specialist diploma in International Taxation.

He began his career at Deloitte & Touche. In 1998, he joined the Project Financing department at BNP Paribas. In 2002, he moved to IXIS where he headed the group’s participation in the financing project for the A 28 motorway, then joined the equity research team at Ixis Securities and became senior Vice President of primary equity markets at Lazard-lxis.

He joined DNCA Finance in 2007 as an infrastructures portfolio manager.

Romain Avice

Romain Avice is a graduate of EDC and holds a master's degree in Finance.

In July 2008, he joined DNCA Finance as an assistant management before becoming manager - analyst on Gallica in December 2012 and on DNCA PME in December 2014.


For legal reasons, we can not post the performance of the sub-fund


La stratégie d’investissement de l’OPCVM repose sur une gestion discrétionnaire, au travers d’une politique de sélection de titres (« stock picking ») qui ne vise pas à dupliquer un indicateur de référence. Le fonds sera a tout moment investi à 75% en titres eligibles au PEA PME émis par des petites et moyennes entreprises(PME) ou des établissement de taille intermédiaire (ETI) tels que définis dans le Code Monétaire et Financier* dont au moins 50% minimum de son actif net en actions.

What objective?

L'objectif de gestion du fonds est la recherche, par une gestion active, d'une performance annualisée supérieure à 7% nette de frais et sur la durée de placement recommandée dans le respect de la réglementation PEA PME.

What breakdown?

- Actions de l'Union Européenne: de 60 à 100 %. Le fonds interviendra sur les marchés réglementés européens et sur Alternext.
- Actions de pays hors Union Européenne dont des pays émergents 0 à 10%.
- Obligations et titres de créance négociable de 0 à 40 % dont des titres de créance négociable et obligations eligibles au PEA PME émis par des PME et/ou des ETI. Ces titres seront sélectionnés sans contrainte de notation et pourront être des titres spéculatifs.
- Parts et/ou actions d'OPCVM jusqu'à 10% de l'actif net. Le FCP pourra investir dans des OPCVM gérés par DNCA FINANCE.
- Instruments dérivés cotés dans la limite de 100% de l'actif net. Ces intruments seront utilisés à des fins d'exposition et/ou de couverture du risque action, sans rechercher de surexposition.

For what type of investor?

For retail investors wishing to benefit from DNCA Finance’s expertise in a flexible equity fund investing in small & midcap equities.

Which characteristics?

Pricing : Daily
Fund Legal Type : FCP
Country Of Domicile : FR
Min Subscription Amount : 100,000 € (Share I) None (Share C) None (Share N)
Min Subscription Shares : None (Share I) 1 (Share C) 1 (Share N)
Subscription Fees : 3% max

What taxation?

This fund is eligible for French PEA PME small & midcap 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.