Groupama Asset Management announces the hard close of G FUND Avenir Europe, a sub-fund of its G FUND Luxembourg SICAV

03/10/2018

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On 02 October 2018, the Board of Directors of the G Fund open-end collective investment fund ("SICAV") decided, in conformity with the provisions of the prospectus currently in force, to activate the restrictions applicable to subscriptions and conversions (i.e. to perform a "hard close") of the G FUND Avenir Europe sub-fund.

On 02 October 2018, the Board of Directors of the G Fund open-end collective investment fund (“SICAV”) decided, in conformity with the provisions of the prospectus currently in force, to activate the restrictions applicable to subscriptions and conversions (i.e. to perform a “hard close”) of the G FUND Avenir Europe compartment of the fund. Consequently, with effect from today, the GC, ICHF, ICHFH, IUSD, IUSDH, NCHF, NCHFH, NUSD, NUSDH, P, OD, R and VC shares of the G FUND – Avenir Europe compartment are closed to all new subscriptions.

G FUND – Avenir Europe is a compartment of the Luxembourg-based G Fund open-end collective investment fund (“SICAV”) managed by Groupama Asset Management and invested in European small and mid-cap equities, with the management aim of outperforming the fund’s benchmark index, MSCI Europe Small Caps.

To achieve this aim, the team implements a conviction-based management approach, independently of its benchmark index, the MSCI Europe Small Caps. The fund strategy prioritizes stock-picking, focusing on companies having economic models that are judged conducive to generating value for the shareholder. This selection is based on meetings with the managers of the target companies and analysis of their economic models and valuation.

G FUND – Avenir Europe was created on 12 December 2014 to complete the product range of the Groupama Asset Management “Avenir” funds, which are all based on expertise in Small and Mid Caps. Since its creation, its assets under management have grown to 778 million (figure for 28/09/2018). In one year, the fund has recorded inflow of more than 500 million euros in net subscriptions*.

On the strength of the success achieved with the strategy implemented in G FUND – Avenir Europe, Groupama Asset Management is continuing to develop its range in the small and mid-caps segment with G Fund – Avenir Small Cap Euro (ISIN code: LU1611032092  – class IC eur). This compartment is managed by the same team, which applies a stock-picking process identical to that of  G FUND – Avenir Europe in the Eurozone small-caps investment universe.

The Board of Directors of the G Fund “SICAV”, in agreement with Groupama Asset Management, has decided to limit subscriptions to these compartments in order to protect the interests of their existing shareholders and to maintain the integrity of the investment strategy. The aim of this hard closure is to ensure appropriate management of the Compartment’s capacities and to preserve the regularity of its performance level. This will allow our fund managers to continue to apply their strategy systematically and with conviction.

*On 30 September 2018

Regulatory information on the Groupama G Fund Avenir Euro- IC eur

The restriction of subscriptions and conversions will be applied to all the shares mentioned in the tables below, with effect from 3 October at 12:00 hrs (Luxembourg time)

ISIN Code GD: LU0675297153/  ICHF: LU0675297070 / ICHFH: LU1515103023 / IUSD: LU1515102991 / IUSDH: LU1515103296 / NCHF: LU0675297310 / NCHFH: LU1515102645 / NUSD: LU1515102561 / NUSDH: LU1515102728 / OD: LU1501411687 / P: LU1622557038 / R: LU1622556907 / VC: LU1749433030 / IC : LU0675296932
Legal status Compartment, under Luxembourg law, (open-end collective investment fund).
Benchmark MSCI Europe Small Caps Euro (net dividends reinvested)
Type of investment fund UCITS
Total Net Assets 778.8 Mill. EUR on 28/09/2018
NAV valuation period Daily
Subscriptions / redemptions Every day up to 12:00 h, Luxembourg time

– NAV unknown – Settlement D+3

Custodian bank CACEIS BANK Luxembourg

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This document is for information purposes only. Groupama Asset Management and its subsidiaries are not liable for any modification, distortion or forgery of this document.

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