Echiquier Value Europe P
Echiquier Value Europe is a fund invested in European value stocks deemed to be at a discount by the management team.
Class P - FR0010547067 - NAV : 377,33€
As of 10/07/2026
Fund Managers
Head of Value Team
Fund manager
A graduate of the SFAF and the Magistère Banque-Finance at the Université de Panthéon Assas, Yann began his career in 1998 at Crédit Agricole Asset Management as a portfolio manager. He became an international equity fund manager in 2000, before joining Natexis Asset Management in 2001 as head of Japan/Asia-Pacific management. Yann then joined Métropole Gestion in 2004 as a manager of European and international equities, before becoming a partner in 2007. Yann joined Tocqueville Finance in 2018. Yann has been in charge of La Financière de l'Echiquier's Value team since 2024, the year Tocqueville Finance and LFDE merged.
Fund Manager
A graduate of IESEG, CFA charterholder and holder of a Master's degree in Finance from the University of Nottingham, Maxime Lefebvre began his career in 2003 as a marketing officer at Amundi in Hong Kong, then at La Française des Placements in Paris, where he became a European equity manager in 2007. He continued his career in 2014 at La Banque Postale gestion privée as a portfolio manager, where he developed specific expertise in discounted companies. In 2015, he became manager of Echiquier Value Euro at La Financière de l'Echiquier. Since 2024, when Tocqueville Finance and LFDE merged, he has been part of LFDE's Value team.
Fund Manager
A graduate of Audencia Business School and holder of a Master's degree in Finance from Ohio State University-Fischer College of Business, Romain Ruffenach began his career in 2006 at CM-CIC Securities as a sell-side analyst. He then turned to auditing in 2007 at KPMG before joining SMA Gestion in 2013, in the Equity Long Only team, where he became manager of the benchmark European equity fund. In 2018, he became manager of the Echiquier Value Euro fund at La Financière de l'Echiquier. Since 2024, the year of the merger between Tocqueville and LFDE, he has been part of LFDE's Value team.
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 (%)
| 2026 | |
| Echiquier Value Europe P | +10,45 |
| Benchmark | +10,65 |
| 2025 | |
| Echiquier Value Europe P | +25,92 |
| Benchmark | +19,39 |
| 2024 | |
| Echiquier Value Europe P | +5,75 |
| Benchmark | +8,59 |
| 2023 | |
| Echiquier Value Europe P | +13,84 |
| Benchmark | +15,83 |
| 2022 | |
| Echiquier Value Europe P | -7,04 |
| Benchmark | -9,49 |
| 2021 | |
| Echiquier Value Europe P | +18,21 |
| Benchmark | +25,13 |
| 2020 | |
| Echiquier Value Europe P | -12,34 |
| Benchmark | -3,32 |
| 2019 | |
| Echiquier Value Europe P | +17,21 |
| Benchmark | +26,05 |
| 2018 | |
| Echiquier Value Europe P | -14,50 |
| Benchmark | -10,57 |
| 2017 | |
| Echiquier Value Europe P | +8,85 |
| Benchmark | +10,24 |
Cumulative performance (%)
| 3 months | |
| Echiquier Value Europe P | +3,93 |
| Benchmark | +4,97 |
| 2026 | |
| Echiquier Value Europe P | +10,45 |
| Benchmark | +10,65 |
| 1 year | |
| Echiquier Value Europe P | +21,69 |
| Benchmark | +20,44 |
| 3 years | |
| Echiquier Value Europe P | +52,40 |
| Benchmark | +49,91 |
| 5 years | |
| Echiquier Value Europe P | +62,85 |
| Benchmark | +60,39 |
| 10 years | |
| Echiquier Value Europe P | +81,37 |
| Benchmark | +143,59 |
| Inception | |
| Echiquier Value Europe P | +852,99 |
| Benchmark | +211,85 |
Annualised performance (%)
| 1 year | |
| Echiquier Value Europe P | +21,69 |
| Benchmark | +20,44 |
| 3 years | |
| Echiquier Value Europe P | +15,06 |
| Benchmark | +14,44 |
| 5 years | |
| Echiquier Value Europe P | +10,24 |
| Benchmark | +9,90 |
| 10 years | |
| Echiquier Value Europe P | +6,13 |
| Benchmark | +9,31 |
| Inception | |
| Echiquier Value Europe P | +7,93 |
| Benchmark | +4,42 |
Risk indicators (%)
| 1 year | |
| Fund volatility | 12,34 |
| Index volatility | 12,71 |
| Sharpe ratio | 1,83 |
| Information ratio | 0,26 |
| Beta | 0,88 |
| Tracking Error | 5,32 |
| 3 years | |
| Fund volatility | 12,78 |
| Index volatility | 12,72 |
| Sharpe ratio | 1,25 |
| Information ratio | 0,13 |
| Beta | 0,93 |
| Tracking Error | 5,02 |
| 5 years | |
| Fund volatility | 14,43 |
| Index volatility | 13,70 |
| Sharpe ratio | 0,82 |
| Information ratio | 0,11 |
| Beta | 0,97 |
| Tracking Error | 5,82 |
Characteristics
| General characteristics of the fund | |
| Fund Inception | 03/01/1997 |
| Investment management company | La Financière de l'Echiquier |
| Legal form | SICAV compartment |
| Reference indicator | MSCI EUROPE NR temps réel |
| Investment horizon | 5 years |
| Periodicity and Listing currency | Daily (EUR) |
| Custodian | BNP Paribas SA |
| Fund Administrator | Société Générale |
| SFDR classification | Article 8 |
| Share class characteristics | |
| Fund Inception | 03/01/1997 |
| ISIN Code | FR0010547067 |
| SRI PRIIPS | 4/7 |
| Minimum subscription amount | Null |
| Investor profile | All subscribers |
| Tax included Including tax | 2,00% |
| Operating expenses and other services | 0,09% |
| Subscription fee max. tax incl. not retained by the fund | 3,00% |
| Redemption fee max. tax incl. not retained by the fund | 0,00% |
| Management fees and other administrative and operating expenses (based on the fund’s last fiscal year) |
2,09% |
| Transaction costs (based on the average of the fund’s last 3 fiscal years) |
0,19% |
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.