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
Disclaim : This English translation is for the convenience of English-speaking readers. However, only the French text has any legal value. Consequently, the translation may not be relied upon to sustain any legal claim, nor should it be used as the basis of any legal opinion. Euronext Paris SA expressly disclaims all liability for any inaccuracy herein.
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”.
- 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
- 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
- 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.