Citywire - For Professional Investors

Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

DNCA hands AAA-rated Auffret Northern Europe equity fund

DNCA hands AAA-rated Auffret Northern Europe equity fund

DNCA Investments has launched an equity fund to specifically target northern European markets, the French company has announced.

The new fund, formally called DNCA Invest Norden Europe, will be managed by Citywire AAA-rated Carl Auffret and co-manager Yingying Wu, who currently manage the DNCA Invest Europe Growth fund.

The new strategy is Luxembourg-domiciled and was originally set up on November 2 2016 before being formally launched on April 3.

Auffret and Wu will use an identical investment criteria to the DNCA Invest Europe Growth fund, which over the three years to the end of March 2017 returned 38.04% in euro terms.

This compares with a 25.99% rise by its Citywire-assigned benchmark the STOXX Europe 600 TR EUR, over the same time period.

The DNCA Invest Norden Europe fund will be able to invest up to 15% of assets in high-quality financial stocks.

The fund is set to target high-quality companies in northern European countries, with core countries such as Norway, Sweden, Finland, Denmark, Germany, and Switzerland.

The fund also has remit to invest in the UK, Benelux, Ireland and Austria, but to a lesser extent.

The company also runs a dedicated DNCA Invest South Europe Opportunities fund. This was originally an Italy-only fund but was overhauled in order to tap into companies from Italy, Spain, Portugal and Greece.

The fund is currently managed by Citywire + rated Isaac Chebar and Lucy Bonmartel and returned 1.1% over the three years to the end of February 2017. This compares with a sector average of 13.9% over the same time period.

This also comes as the firm set out to expand its international funds range with the launch of a global convertible bond fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Miami 2018: all the pics from day one

    Citywire Miami 2018: all the pics from day one

  • Selector soccer stars: all the photos from the Citywire Miami 2018 matches

    Selector soccer stars: all the photos from the Citywire Miami 2018 matches

  • Citywire New York 2017: All the pics from our fund selector forum

    Citywire New York 2017: All the pics from our fund selector forum

  • Citywire Latin America 2017: check out the pics from day two

    Citywire Latin America 2017: check out the pics from day two

  • Citywire Latin America 2017: all the pictures from day one

    Citywire Latin America 2017: all the pictures from day one

  • Citywire Santiago 2017: all the pics from our fund selector forum

    Citywire Santiago 2017: all the pics from our fund selector forum

  • Citywire Mexico 2017: all the pics from our fund selector forum

    Citywire Mexico 2017: all the pics from our fund selector forum

  • Citywire Miami 2017: all the photos from day one

    Citywire Miami 2017: all the photos from day one

  • Citywire Miami 2018: all the photos from day two

    Citywire Miami 2018: all the photos from day two

  • Citywire Miami 2017: all the pics from our fund selector forum

    Citywire Miami 2017: all the pics from our fund selector forum

  • Wine tasting at the Ritz Carlton Santiago

    Wine tasting at the Ritz Carlton Santiago