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 : 10 453,30€
As of 18/04/2024
Fund Managers
Fund manager
A graduate of emlyon business school as well as a Master 2 in Business Law and Taxation from Bordeaux University, Matthieu began his professional career in 2011 as an LBO analyst at CA CIB. He joined AltaRocca AM in 2016 as a senior analyst. Following the acquisition of AltaRocca AM by La Financière de l'Échiquier in March 2018, he joined the management teams, as an analyst on multi-asset and credit funds (excluding convertible funds). In 2019, he became a credit fund manager. Since 2021, he has held the Certificate in ESG Investing issued by the CFA. Since 2024, when Tocqueville Finance and LFDE merged, he has been part of LFDE's Credit team.
Fund manager
A graduate of Toulouse Business School, Guillaume Jourdan worked for 9 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 Bonds team and expertise. In 2024, the year of the merger between Tocqueville Finance and LFDE, he was appointed co-head of LFDE's Blend team.
Fund Manager
With a degree from HEC and a DEA in random modeling, Emmanuel Martin has many years' experience in convertible bond management, including 6 years as head of convertible bond arbitrage for Barep AM (2001-2004) and Fortis Investments (2004-2006). In June 2006, he took part in the creation of Acropole AM, the first management company in France dedicated to convertible bonds. Since 2013, he has managed convertible funds at La Financière de l'Echiquier, and since 2024, when Tocqueville Finance and LFDE merged, he has been part of LFDE's Credit 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 (%)
| 2024 | |
| Echiquier Convexité SRI Europe D | +1,28 |
| Benchmark | +2,32 |
| 2023 | |
| Echiquier Convexité SRI Europe D | +5,37 |
| Benchmark | +5,37 |
| 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 |
Cumulative performance (%)
| 3 months | |
| Echiquier Convexité SRI Europe D | +2,10 |
| Benchmark | +3,46 |
| 2024 | |
| Echiquier Convexité SRI Europe D | +1,28 |
| Benchmark | +2,32 |
| 1 year | |
| Echiquier Convexité SRI Europe D | +2,31 |
| Benchmark | +3,51 |
| 3 years | |
| Echiquier Convexité SRI Europe D | -14,60 |
| Benchmark | -9,53 |
| 5 years | |
| Echiquier Convexité SRI Europe D | -8,32 |
| Benchmark | +1,87 |
| 10 years | |
| Echiquier Convexité SRI Europe D | -0,51 |
| Benchmark | +17,40 |
| Inception | |
| Echiquier Convexité SRI Europe D | +4,22 |
| Benchmark | +30,07 |
Annualised performance (%)
| 1 year | |
| Echiquier Convexité SRI Europe D | +2,30 |
| Benchmark | +3,50 |
| 3 years | |
| Echiquier Convexité SRI Europe D | -5,12 |
| Benchmark | -3,28 |
| 5 years | |
| Echiquier Convexité SRI Europe D | -1,72 |
| Benchmark | +0,37 |
| 10 years | |
| Echiquier Convexité SRI Europe D | -0,05 |
| Benchmark | +1,62 |
| Inception | |
| Echiquier Convexité SRI Europe D | +0,37 |
| Benchmark | +2,36 |
Risk indicators (%)
| 1 year | |
| Fund volatility | 4,09 |
| Index volatility | 6,10 |
| Sharpe ratio | -0,29 |
| Information ratio | -0,68 |
| Beta | 0,62 |
| 3 years | |
| Fund volatility | 6,72 |
| Index volatility | 7,62 |
| Sharpe ratio | -0,93 |
| Information ratio | -0,49 |
| Beta | 0,74 |
| 5 years | |
| Fund volatility | 7,05 |
| Index volatility | 7,67 |
| Sharpe ratio | -0,30 |
| Information ratio | -0,65 |
| Beta | 0,82 |
Characteristics
| General characteristics of the fund | |
| Fund Inception | 12/10/2006 |
| Investment management company | La Financière de l'Echiquier |
| Legal form | Sicav (subfund) |
| 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% |
| 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) |
0,70% |
| Transaction costs (based on the average of the fund's last 3 fiscal years) |
0,80% |
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.