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Obtaining sustainable returns by selecting the most competitive European companies.
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| Investment Objective |
| To outperform the DJ Stoxx 600 net dividends reinvested. |
| Investment Strategy |
LFP Competitive Advantages selects equities through a competitive positioning in order to generate a sustained performance in comparison to the index.
A fundamental and quantitative scoring helps to identify and to evaluate the different components of the competitive advantages are assessed on costs, products and services differentiations criteria. Furthermore, each company’s strategy must maintain its current competitive advantages. |
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Portfolio Managers & Advisors
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| Emmanuel Morano | Maxime Lefebvre |
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| Investment Universe |
| The portfolio is mainly invested in European large capitalisation equities. |
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| Management Parameters |
- Benchmark Index: DJ Stoxx 600 net dividends reinvested
- Investment period: 5 years
- Investment in funds: maximum 10% of net assets
- Minimum investment in equities: 75% of net assets
- Equity exposure: between 60% and 100 %
- Foreign exchange risk: maximum10% of total net assets.
Hedging is discretionary |
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Performances as of 3/10/2010
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| Return Since Inception | 2010 | 2009 | 1-Year Return | 3-Year Return | 5-Year Return | 52-Week Volatility |
| LFP Competitive Advantages | -25.50% | 4.11% | 30.67% | 37.46% | - | - | 11.01 % |
| DJ Stoxx 600 dividendes nets réinvestis | -29.76% | 1.53% | 32.39% | 59.90% | -23.33% | 12.84% | 19.01 % |
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Key Figures
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| Net Asset Value | EUR 744.97 |
| AUM | EUR 59,386,033.20 |
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Fund Features
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| ISIN Code | FR0010449793 |
| Category | Actions |
| Ticker Bloomberg | AVTGCMI FP Equity |
| Currency | EUR |
| Creation date | 23/05/2007 |
| Valuation Frequency | Daily |
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