DNCA Invest
Norden Europe

North European Equities

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Au 24/04/2018

Valeur Liquidative


Niveau de risque

depuis le début de l'année


Performance annualisée
depuis la création

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Volatilité sur 1 an


Durée de placement recommandée

5 ans

Actif net du fonds
(Au 29/03/2018)


Création de la part

Les performances passées ne préjugent pas des performance futures.
Les performances sont calculées nettes de frais de gestion par DNCA FINANCE.
Ce fonds n’est pas garanti en capital.


Carl Auffret

Carl Auffret is a CFA charterholder and also holds a master’s degree in Management and a postgraduate degree in Banking and Finance from Paris IX Dauphine University.

In 1999, he began his career at SG Securities in London as a sell-side analyst covering the consumer goods sector. In July 2003, he returned to France to become sector fund manager/analyst at CM-CIC Asset Management before taking over the Union Europe Growth pan-European growth equity fund in 2005.

He joined the DNCA Finance management team in May 2012.

Yingying Wu

Yingying Wu is a graduate of HEC in 2010 and is a CFA charterholder and also holds a master’s degree in Journalism from The Communication University of China in Beijing (2005).

She began her career in the European equities department of BNP Paribas Asset Management in Paris where she co-managed global discretionary funds and an emerging Asia fund.

She joined the DNCA Finance growth team in April 2015.


Le fonds ayant été lancé il y a moins d’un an, il existe trop peu de données pour fournir des indications utiles sur les performances passées

En bref

The Sub-Fund will invest at all time at least 90% of its total assets in equities of issuers listed on North European stock exchanges (Britain, Ireland, Benelux, Norway, Sweden, Finland, Denmark, Germany, Swiss, Austria) in all market capitalisation or exercising the preponderant part of their economic activities in North Europe. The selection process carried out by the Investment Manager is based on picking stocks according to their intrinsic worth (an in-depth analysis of fundamentals is conducted in-house) as opposed to a mere replication of the composition of the benchmark index. It is a conviction fund intended to be concentrated on a small number of issuers, between 30 and 60. Investments may therefore be concentrated on a limited number of stocks.

Quel objectif ?

The Sub-Fund seeks to outperform of the following composite net return index denominated in Euro: 40% MSCI Nordic, 35% DAX, 15% SMI, 10% MSCI UK TR UK Net Local Currency calculated with dividends net of withholding taxes reinvested, over the recommended investment term.

Quelle répartition ?

The Sub-Fund may at any time invest in:
-Equities of issuers having their registered office in the North Europe: from 80% to 100% of its net assets;
-Equities outside the North Europe: from 0% to 10% of its net assets;
-Equities with total market capitalisation below 200 million EUR up to 10% of its net assets;
- Fixed income securities and money market instruments or deposits if market conditions are unfavourable: from 0% to 10% of its net assets;
- Other financial instruments up to 10% of its net assets

Pour quel investisseur ?

All investors, in particular investors looking for a Northern European equity market exposure.

Quelles caractéristiques ?

Fréquence de valorisation : Quotidienne
Eligibilité PEA : Ce fonds est éligible au PEA. Pour toutes informations complémentaires, veuillez vous adresser à votre conseiller financier habituel.
Nature juridique du fonds : SICAV mutual fund governed by Luxembourg law
Nationalité : LU
Minimum de souscription en valeur : 200 000 € (Part I) 2 500 € (Part A) Aucun (Part N) Aucun (Part B)
Minimum de souscription en part/action : Aucun (Part I) Aucun (Part A) Aucun (Part N) Aucun (Part B)
Droits d'entrée : 3% max
Commission de surperformance : 20% de la performance positive nette de tous frais par rapport à l'indice Indice Composite Norden

Informations légales

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.