Echiquier Convexité SRI Europe D
Echiquier Convexité SRI Europe is a fund invested in convertible bonds and listed options of European Union companies, through an essentially bottom-up process aimed at maximising convexity and optimising the risk-return ratio.
Class D - FR0010979039 - NAV : 9 990,04€
As of 22/09/2023
Fund Managers
Fund Manager
A graduate from HEC and with a postgraduate diploma (DEA) in random modelling, Emmanuel Martin has more than 20 years’ experience in convertible bond management, including six as head of convertible arbitrage for Barep AM (2001-2004) and Fortis Investments (2004-2006). In June 2006, he helped to create Acropole AM, the leading French management company specialised in convertible bonds. Following the merger with La Financière de l’Echiquier in March 2013, he took over as head of convertible bond fund management.
Fund Manager
A graduate of the Toulouse Business School, Guillaume Jourdan worked for nine years at ADI (2000-2009) and also at Montpensier Finance as a convertible bond manager. He joined La Financière de l’Echiquier in 2014 to strengthen the Convertible Bond team and round out its expertise. He is currently fund manager for Echiquier Convexité SRI Europe, Echiquier Agressor and the “best of” equity bucket of Echiquier ARTY SRI.
Analyst
Alia Ezzaim graduated from the Master 2 Asset Management program of the University of Paris Dauphine. She started her career with successive experiences at BNP Paribas and then at UBP - Union Bancaire Privée within the convertible bonds management team. Alia then joined Schelcher Prince Gestion as a high yield and convertible bond credit analyst, before joining La Financière de l'Echiquier in May 2022 as a convertible bond analyst.
Performance
Price dataCalendar performance (%)
Past performance is not an indication of future performance. Returns indicated are after management fees but before taxes paid by the investor.
Calendar performance (%)
| 2023 | |
| Echiquier Convexité SRI Europe D | +1,99 |
| Benchmark | +2,19 |
| 2022 | |
| Echiquier Convexité SRI Europe D | -19,17 |
| Benchmark | -15,79 |
| 2021 | |
| Echiquier Convexité SRI Europe D | +0,48 |
| Benchmark | +0,85 |
| 2020 | |
| Echiquier Convexité SRI Europe D | +3,82 |
| Benchmark | +6,68 |
| 2019 | |
| Echiquier Convexité SRI Europe D | +7,55 |
| Benchmark | +11,44 |
| 2018 | |
| Echiquier Convexité SRI Europe D | -7,15 |
| Benchmark | -4,89 |
| 2017 | |
| Echiquier Convexité SRI Europe D | +3,03 |
| Benchmark | +3,53 |
| 2016 | |
| Echiquier Convexité SRI Europe D | +0,96 |
| Benchmark | -0,41 |
| 2015 | |
| Echiquier Convexité SRI Europe D | +5,55 |
| Benchmark | +7,60 |
| 2014 | |
| Echiquier Convexité SRI Europe D | +2,56 |
| Benchmark | +4,48 |
Cumulative performance (%)
| 3 months | |
| Echiquier Convexité SRI Europe D | -1,25 |
| Benchmark | -0,42 |
| 2023 | |
| Echiquier Convexité SRI Europe D | +1,99 |
| Benchmark | +2,19 |
| 1 year | |
| Echiquier Convexité SRI Europe D | +3,91 |
| Benchmark | +5,42 |
| 3 years | |
| Echiquier Convexité SRI Europe D | -13,76 |
| Benchmark | -9,01 |
| 5 years | |
| Echiquier Convexité SRI Europe D | -12,55 |
| Benchmark | -2,78 |
| 10 years | |
| Echiquier Convexité SRI Europe D | -3,25 |
| Benchmark | +14,85 |
| Inception | |
| Echiquier Convexité SRI Europe D | -0,40 |
| Benchmark | +23,29 |
Annualised performance (%)
| 1 year | |
| Echiquier Convexité SRI Europe D | +3,91 |
| Benchmark | +5,42 |
| 3 years | |
| Echiquier Convexité SRI Europe D | -4,82 |
| Benchmark | -3,10 |
| 5 years | |
| Echiquier Convexité SRI Europe D | -2,64 |
| Benchmark | -0,56 |
| 10 years | |
| Echiquier Convexité SRI Europe D | -0,33 |
| Benchmark | +1,39 |
| Inception | |
| Echiquier Convexité SRI Europe D | -0,04 |
| Benchmark | +1,97 |
Risk indicators (%)
| 1 year | |
| Fund volatility | 5,25 |
| Index volatility | 7,14 |
| Sharpe ratio | 0,45 |
| Information ratio | -0,67 |
| Beta | 0,69 |
| 3 years | |
| Fund volatility | 7,14 |
| Index volatility | 7,90 |
| Sharpe ratio | -0,70 |
| Information ratio | -0,44 |
| Beta | 0,78 |
| 5 years | |
| Fund volatility | 7,12 |
| Index volatility | 7,62 |
| Sharpe ratio | -0,35 |
| Information ratio | -0,62 |
| Beta | 0,84 |
Characteristics
| General characteristics of the fund | |
| Fund Inception | 12/10/2006 |
| Legal form | Sicav (sub-fund) |
| Reference indicator | REFINITIV EUROPE FOCUS HEDGED CB (EUR) |
| Investment horizon | 2 years |
| Periodicity and Listing currency | Daily (EUR) |
| Custodian | BNP Paribas SA |
| Fund Administrator | Société Générale |
| SFDR classification | Article 8 |
| Share class characteristics | |
| Fund Inception | 09/01/2013 |
| ISIN Code | FR0010979039 |
| SRI PRIIPS | 3/7 |
| Minimum subscription amount | 1 000 000 € |
| Investor profile | Intended essentially for institutional investors |
| Tax included Including tax | 0,70% |
| Maximum subscription fee | 3,00% |
| Redemption fee | 0,00% |
Legal information
The information provided above is not contractual and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Management fees are included in performances. The value of the investment may change in line with market fluctuations and investors may lose some or all of their initial investment, as the investment funds carry no capital guarantee. Access to the products and services presented herein may be subject to restrictions for certain people or countries. Taxation depends on each investor’s personal situation. The risks, charges and recommended investment period of the investment funds presented are described in the KIIDs (key investment information documents) and prospectuses available on this website. The KIID must be provided to potential investors prior to subscription.