Champlain Sérénité : European Absolute Performance Fund

Peace of mind in all circumstances

Past performances should not be seen as a guide to future performances.

ISIN Code : FR0010378554

Information to download

Simplified Prospectus : Champlain Sérénité

Monthly management report : April 2012

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Background

Financière de Champlain has chosen since 2003 to invest in defensive stocks with long term potential across all its funds (Performance Avenir, Performance Environnement and Performance Vitae).
These funds meet the objective of prudence (full protection of the capital invested) but remain correlated to the stock market.

After more than three years of almost uninterrupted growth in the stock markets, Financière de Champlain, in continuation of its cautious approach, seeks to offer its clients via Champlain Sérénité an alternative faced with markets which are ever more volatile.
In other words, Financière de Champlain seeks to enable its clients to benefit from the quality of its management regardless of the conditions of the market: “Peace of mind in all circumstances”.

Objectives

  • Maximum protection of the capital invested
  • To obtain an annual yield greater than that of the money markets (EONIA +2.00%) through active management on the stock markets

Management Strategy

  • A controlled share exposure of between -5% et +5% (fund hedged on the futures markets)
  • A concentration on our best convictions(stock picking)

The performance of Champlain Sérénité comes from the differential in performance between our stock picking and the markets.
In other words, the attractiveness of the fund rests in its protection against the bearish tendencies of the stock markets.

Composition of Portfolio

Main holdings:

  • TESSI : information technology services, France
  • HERA : waste management, Italy
  • AUREA : waste management, France

Advantages and disadvantages

Advantage: This so-called “Absolute Return” fund serves to isolate the over-performance of our range of values compared with the indexes.

Disadvantage: The efficiency of this fund may alter in case of quick, erratic variations in the markets (rising then falling). Moreover, owing to its significant mean values component, liquidity is more limited and performance trends can diverge quite tangibly from those of the major indexes.