Sycomore Sélection Midcap I Cap EUR

The aim of the fund, classified as euro zone equities, is to outperform the MSCI EMU Small Cap TR benchmark index, over a minimum investment period of five (5) years. Stock-picking draws on an in-depth analysis of fundamentals to identify quality companies which are undervalued, i.e. the stock-market price does not represent the estimated intrinsic value of the company. Euro zone equity market exposure may range from 60% to 110%, with the net assets being, on a constant basis, at least 75% invested in equities qualifying for the French personal equity savings plans (PEA). The investment team places a particular emphasis on small and mid caps, i.e companies with a market capitalisation below two (2) billion euros. Portfolio management is divided into five baskets entrusted to European portfolio management companies selected by Sycomore AM: Sycomore AM (French securities), Nextam Partners (Italian securities), azValor AM (Spanish securities), Kempen Capital Management (Netherlands and Belgian securities), Frankfurt Performance Management (German securities), AS Avaron AM (Eastern European securities: Poland, Hungary, Czech Republic, Slovakia, Slovenia, Bulgaria, Romania, Croatia). Asset distribution is managed by Sycomore AM, with no one region representing more than 30% of net assets. Each management company by delegation may buy securities listed on a neighbouring market on an ancillary basis, subject to the prior approval of Sycomore AM. The portfolio structure need not reflect the composition of the previously mentioned benchmark index. In addition to its equity investments, the FCP may be exposed to the following financial instruments: (1) Money market instruments, up to 25% of net assets for public or private issuers with a rating of at least BBB from Standard & Poor's (or equivalent from Fitch Ratings or Moody's) for FCP cash management purposes. (2) Financial futures traded on regulated and/or over-the-counter markets to hedge or increase the exposure of the p

PIR compliant

No

PEA compliant

Sì

PEA-PME compliant

No