ARTY CELEBRATES ITS
5TH ANNIVERSARY
A R T Y 5 Y EARS
OF PERFORMANCE
DIVERSIFIED FUND
+ 6,1 %
- EUROPEAN EQUITIES & BONDS
Annualized Performance (+34,2% since inception on May 30th 2008)
TOP 5% + 6,4 %
of its Morningstar category since inception
Volatility over a 3-year rolling period
An “all terrain” investment vehicle searching for yield A dynamic and mobile allocation to face erratic markets A fund aiming for the best risk/return profile
Data as at 31/05/2013. Sources : Morningstar, Financière de l’Echiquier database.
A MOBILE PORTFOLIO MANAGEMENT SUITED FOR ALL MARKET CONDITIONS
Ability to perform in rising markets Capacity to resist during market downturns
140
ARTY
75% Eonia - 25% MSCI EUROPE NR
+ 34,2 %
130 120
+ 5,4 %
110 100 90
80 mai-08 nov.-08 mai-09 nov.-09 mai-10 mai-11 nov.-11may-12 mai-12 nov.-12 may-08 may-09 may-10nov.-10 may-11 may-13
Data as at 31/05/2013. Sources : Morningstar, Financière de l’Echiquier database. Past performances are not a reliable indicator of future performances and may vary over time. Fund and index performances include dividend distributed (starting January 1st 2013). Until 2012 included, index performance was calculated ex dividend.
An active allocation between bonds & equities following the portfolio manager’s convictions A dynamic portfolio management within each pocket 50 %
Equity Pocket
The equity pocket may vary 59 %
from 0% to 50% contingent Bond Pocket 12 % Financière de l’Echiquier as at 31/05/2013
Cash Pocket 29 %
upon market anticipations.
ARTY: TODAY
Equity or Bonds, where to stand? Seek for the best risk/return profile issued by companies Optimize the bond and equity allocation Equities deliver on average higher returns than bonds Close to 300 M€ assets under management
… AND TOMORROW ? Outlook: the context remains favorable The risk free interest rates remain at historically low levels High yield bonds still offer substantial yields Equities valuation levels remain attractive Companies turn to capital markets in a context of growing disintermediation
A RTY: YOUR PATRIMONIA L SO LUTIO N
Inception date: May 30th 2008 – ISIN Code : FR0010611293 Management fees: 1.50% max.(all taxes included) – Performance fees: 15% of the performance above benchmark. The Fund incurs a risk of loss of invested capital. The Fund is invested mainly in equities and bonds. If the stocks to which it is exposed decline in value, the Fund’s net asset value could also decline. As management is discretionary, there is a risk that the Fund will not be invested at all times in the bestperforming stocks. A risk is incurred from credit markets, given some more speculative profile investments.
KEY FIGURES
1991
as at May 31st 2013
| Creation of Financière de l’Echiquier
90
| Employees
25
| Portfolio Managers & Analysts
6,7
| billion euros AUM *
100 %
| Independent
* Aggregate numbers: Financière de l’Echiquier & Acropole AM
F O R M O R E I N F O R M AT I O N , P L E A S E F E E L F R E E T O C O N TA C T U S :
Jérôme Blanc
Stéphane Vonthron
Kelly Hebert
Csaba Dani
HEAD OF INTERNATIONAL SALES jblanc@fin-echiquier.fr +33(0)1 47 23 94 79
HEAD OF THIRD PARTY DISTRIBUTION svonthron@fin-echiquier.fr +33(0)1 47 23 96 27
BUSINESS DEVELOPMENT BENELUX khebert@fin-echiquier.fr +33(0)1 47 23 92 17
BUSINESS DEVELOPMENT GERMANY Cdani@fin-echiquier.fr +33(0)1 47 23 80 45
53, AVENUE D’IÉNA - 75116 PARIS - FRANCE - TÉL. : +33 (0)1 47 23 90 90 ASSET MANAGEMENT FIRM REGULATED BY THE FRENCH MARKET AUTHORITY (AMF) N° GP91004
www.fondation-echiquier.fr
www.planete-echiquier.fr
This document is meant for professional investors and has no contractual value. The information it provides is based on the best sources in our possession. This presentation and the material contained in this presentation do not constitute an offer or recommendation to buy or sell any investment or subscribe to any investment management advisory service. These funds are authorized for distribution in France, Germany, Belgium, Spain, Italy, Netherlands and Switzerland.