![Maerkte-DJE-Anleger-Webinar](/globalassets/productdetail/mobil/lu0159550408_en.jpg)
Key information
The focus of the fund is on carefully selected European equities. Security selection is not constrained or influenced by any market benchmark. The fund management follows a disciplined bottom-up scoring approach. In addition to quantitative factors such as valuation, momentum, and security & liquidity, the fund manager also takes into account qualitative criteria such as analyst assessment, and meetings with company representatives and sustainability. The 50 top European equities emerging from our bottom-up scoring process represent the main exposures of the fund. DJE - Europa aims for capital gains with a medium to long-term investment horizon.
Responsible manager since 01/01/2023
Responsible manager since 01/03/2024 as co-manager
Key information
ISIN: | LU0159550408 |
WKN: | 164316 |
Category: | Fund Europe Flex-Cap Equity |
Minimum Equity: | 51% |
Partial Exemption of Income ¹: | 30% |
VG/KVG: | DJE Investment S.A. |
Fund Management: | DJE Kapital AG |
Risk Category: | 4 |
This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
Type of Share: | accumulation |
Financial Year: | 01.01. - 31.12. |
Launch Date: | 27/01/2003 |
Fund currency: | EUR |
Fund Size (25/07/2024): | 47,38 Mio EUR |
TER p.a. (29/12/2023): | 1,79 % |
Reference Index: | - |
Fees
Management Fee p.a.: | 1,420 % |
Custodian Fee p.a.: | 0,050 % |
Ratings & Awards (25/07/2024)
Morningstar*: |
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All ESG information presented here relates to the fund portfolio shown and is sourced from MSCI ESG Research, a leading provider of environmental, social and governance analysis and ratings.
MSCI ESG RATING (AAA-CCC): | AA |
ESG-Qualityrating (0-10): | 8,276 |
Environment Rating (0-10): | 6,621 |
Social Rating (0-10): | 5,764 |
Governance-Rating(0-10): | 6,564 |
ESG rating in comparison group (0% lowest, 100% highest value): | 93,940 % |
Peergroup: |
Equity Europe
(1040 Fonds) |
Coverage rate ESG rating: | 99,325 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 109,274 |
Portfolio allocation according to ESG rating of individual securities
Report date: 28/06/2024
- The fiscal treatment depends on the personal circumstances of the respective client and can be subject of change in the future.
- is proprietary to Morningstar and/or ist content providers may not be copied or distributed and is not warranted ob e accurate, complete or timely. Neither Morningstar nor ist content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Perfomance Chart
Performance in Percent
Rolling performance in %
Risk metrics (25/07/2024) |
|
---|---|
Standard Deviation (2 years): | 12,57 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -7,93 % |
Maximum Drawdown (1 year): | -7,15 % |
Sharpe Ratio (2 years): | 0,13 |
Correlation (1 years): | - |
Beta (1 years): | - |
Treynor Ratio (1 years): | - |
Country allocation total portfolio (% NAV)
*Note: Cash position is included here because it is not assigned to any country or currency.
Data: Anevis Solutions GmbH, own illustration 28/06/2024
Top Country Allocation in % of Fund Volume (28/06/2024) |
|
---|---|
Germany | 26,69 % |
France | 17,65 % |
United Kingdom | 11,96 % |
Switzerland | 9,58 % |
Netherlands | 8,70 % |
Asset allocation in % of the fund volume (28/06/2024) |
|
---|---|
Stocks | 99,11 % |
Cash | 0,90 % |
Investment strategy
DJE's equity research and bottom-up scoring model are used to identify the 50 most promising equities in the European investment universe. In addition to quantitative criteria factors such as valuation, momentum, and security & liquidity, the fund manager also takes into account qualitative criteria such as analyst assessment, company meeting, and sustainability criteria. The fund management aims for aportfolio diversified across sectors and countries. The portfolio consists of approximately 50 to 60 equities that are selected independent from any benchmark.
![Investment approach](/globalassets/investmentconcept/lu0159550408_en_hp-eine-vielversprechende-mischung_eng_72dpi.jpg)
Chances
- Fundamental analysis approach allows to find appropriate shares in every market phase
- The security selection is based on a fundamental, monetary and market-technical analysis – this FMM approach has a proven track record since 1974
- Growth opportunities in the European stock markets
Risks
- Exchange rate risks
- Stock market prices may vary relatively strong due to market conditions
- Issuer country and credit risks
- Proven investment approach does not guarantee future investment success
Target group
Der Fonds eignet sich für Anleger
- who require a high degree of flexibility in the structure of the portfolio
- who prefer European securities
- with a medium to long-term investment horizon
Der Fonds eignet sich nicht für Anleger
- with a short-term investment horizon
- who are not prepared to accept increased volatility
- who seek safe returns
Monthly Commentary
Most European stock markets were disappointing in June, with the exception of the stock exchanges in Copenhagen, Amsterdam and Zurich, for example. Although the European Central Bank lowered key interest rates, this move was already largely reflected in share prices. In contrast, the European Parliament elections and their consequences were important for the markets. Immediately after the disappointing election results, French President Emmanuel Macron announced an early general election in France with a first round of voting on 30 June. This led to uncertainty and a massive sell-off in French equities. The DJE - Europa fell by -0.26% in this market environment. In terms of European equity sectors, technology and pharmaceuticals performed well, while construction, automotive, commodities and banks were disappointing. In the fund, very good results came from the technology sector. Companies associated with artificial intelligence performed particularly well, supported by the good US reporting season. The media and retail sectors also produced very good results. The latter is expected to benefit from the cut in key interest rates. By contrast, the real estate, consumer goods & services and basic materials sectors in particular weighed on the fund's performance. The fund management adjusted the fund's allocation slightly over the course of the month. The weighting of the media, industry and food & beverages sectors, among others, was increased, while the energy and financial institutions sectors, among others, were reduced. At country level, the proportion of Swiss, Dutch and German stocks increased, while the proportion of French and British stocks decreased. As a result of the adjustments, the fund's equity allocation rose from 98.83% to 99.11%.