EC H I Q U I E R G LO BA L Yo u r p a s s p o r t t o g r o w t h ISIN: FR0010859769 NAV as at 28/03/2013: €131.04
8 good reasons to invest in Echiquier Global
WHY ECHIQUIER GLOBAL?
WHY NOW?
Benefit from the global growth potential Echiquier Global takes full advantage of the acceleration in global growth. The fund invests in companies leaders in their respective industries, and exposed to dynamic regions where the IMF expects growth to exceed 6/7% annually over the next 5/10 years.
An environment favourable to global leaders The current economic context should allow leaders to expand further their market shares via the access to rather inexpensive capital markets and targeted acquisition strategies.
A proven methodology For more than 8 years, Echiquier Major has successfully identified the best European leaders. Echiquier Global applies the same process that has proven itself in Europe but on a worldwide scale.
Three main strategic themes - The “leadership premium” (e.g., PEARSON1, a leader in education); - The rebound of the Chinese economy (e.g., ESTÉE LAUDER1, a leader in the production and promotion of cosmetics in China); - The ageing of the population (e.g., MINDRAY1, a key leader in medical imaging).
A unique portfolio management approach Our portfolio management team selects industry leaders which offer robust growth prospects. Alike strategy consulting firms, our analysts pay close attention in their selection process to the companies’ competitive advantages and to the positioning of their business portfolios. Their focus is on “growth drivers". An innovative concept: the “Nomad Offices" The portfolio management team travels regularly outside France for a two-month period (setting up base, for example, in the US, China and India), in order to deepen its market analysis and identify new investment opportunities.
Take advantage of several “megatrends” Such as consumer spending in emerging markets with TINGYi1, the Chinese noodle leader; technology with ORACLE1; healthcare with the US giant MEDTRONIC1; luxury goods with RICHEMONT1…
A regional breakdown making the most of the strong dollar and emerging currencies Breakdown in assets by region (excluding cash, at the end of March 2013): USA = 42% / EU = 32% / Rest of the world = 26%. Direct or indirect non-hedged USD and emerging currencies exposure: about 60%.
The Fund incurs a risk of loss of invested capital. The Fund is invested mainly in equities. 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 best-performing stocks. A risk is incurred from investing in emerging markets, due mainly to these markets’ operating and supervisory standards, which may diverge from the standards prevailing on the major international markets, as well as political or regulatory factors. Management fees: 2.392% maximum. Ongoing charge: 3.22% maximum. Entry charge: 3% maximum. Exit charge: 2% maximum. Outperformance fee: None.
135
Echiquier Global
+31%
MSCI AC World Eur
125
as at 28/03/2013, since Fund inception, in April 2010
115 105 95 85 April-10
August-10 December-10 April-11
August-11 December-11
April-12
August-12 December-12 March-13
Source: Morningstar
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. Past performances are not a reliable indicator of future performances and may vary over time. Performances of the Fund and the benchmark include distributed income (as of the 2013 financial year). However, up to 2012 inclusive, the benchmark’s performance does not include distributed income. Past performance must not be a main criterion in a decision to invest in the Fund. Other information provided in the Fund’s performance reports and the risks to which the Fund is exposed must also be taken into consideration. We urge you to review the prospectus, which is available on request from the management company at +33.(0)1.47.23.90.90, or to contact your usual financial advisor. Echiquier Global is authorised for distribution in France, Germany, Belgium, Spain, Italy, the Netherlands and Switzerland. It is also available for inclusion in life insurance contracts governed by Luxembourg law under the freedom to provide services. 1
These companies are mentioned as examples. Neither their presence in the portfolio, nor their performances are guaranteed.