Groupama Asset Management is hardening the close of its Groupama Avenir Euro fund

After initially soft-closing the Groupama Avenir Euro fund by imposing a charge of 10% on new investors, Groupama Asset Management has today announced that this measure will now be extended to existing investors. This decision aims to preserve the management conditions and performance prospects of this stock‑picking fund in the specific universe of eurozone small and mid-caps.

The Groupama Avenir Euro fund has grown significantly in size over the last 5 years, to the point that today it has a total asset base of 1.4 billion euros. This commercial success is the result of a high-performing management strategy that draws on the outstanding expertise of Groupama Asset Management in European High-Conviction Equity, and more specifically in the small and mid-cap segment.

To continue applying a management strategy appropriate to the capacities of the fund, and to pursue its quest for high performance, Groupama Asset Management has decided to harden the soft closure of the fund by applying an initial charge of maximum 10% to all new subscriptions – including those from existing investors.

Groupama Avenir Euro has received regular awards for its performance.¹. For the 2nd consecutive year, the fund was rated the best in its category in Europe and Switzerland over 3 and 5 years in the Lipper Fund Awards 2017. Like all equity funds, Groupama Avenir Euro implies exposure to stocks risk, capital loss risk and liquidity risk.

 

Continuity and development of the management strategy  

Given the success of the management strategy implemented for the Groupama Avenir Euro fund, Groupama Asset Management has developed and is continuing to develop its range of funds in the Eurozone Small and Mid Caps segment, with G Fund Avenir Europe (ISIN Code: LU0675297070- Class IC eur), which is managed by the same team of experts. The stock-picking process is identical to that of Groupama Avenir Euro, but the investment universe has been expanded to cover the whole of Europe.

Groupama Avenir Euro* is a Eurozone small and mid-cap mutual fund. The minimum market exposure to stocks is 75%. Founded on a stock-picking approach, the fund invests exclusively in companies that are judged to have an economic model that will create value for the fund’s shareholders over the long term, thanks to the positioning of these companies on growth markets and the assessment of their industrial strategies by our management team as promising for the future.

G Fund – Avenir Europe is a compartment of G FUND, a Luxembourg-based European small and mid-cap open-end investment fund (“SICAV”). The fund’s minimum exposure to equity risk is 75%. Founded on a stock-picking approach, the fund invests exclusively in companies that are judged to have an economic model that will create value for the fund’s shareholders over the long term, thanks to the positioning of these companies on growth markets and the assessment of their industrial strategies by our management team as promising for the future.

 

Groupama Asset Management is hardening the close of its Groupama Avenir Euro fund

 

¹7 Lipper Fund Awards 2017:

Groupama Avenir Euro N, Best Performer in the 3, 5 and 10-year “Equity Eurozone Small and Mid Caps” category in Europe

Best Performer in the 5 and 10-year “”Equity Eurozone Small and Mid Caps” category in France

Best Performer in the 3 and 5-year “Equity Eurozone Small and Mid Caps” in Switzerland category in Switzerland

 

6 Lipper Fund Awards 2016:  Best performer in the 3 and 5-year “Equity Eurozone Small and Mid Caps” category in Europe, France and Switzerland for the period 2011-2015

6 Lipper Fund Awards 2015 Best performer in the 3 and 5-year “Equity Eurozone Small and Mid Caps” category in Europe, France and Switzerland for the period 2010-2014

 

-“Corbeilles d’argent” from French magazine “Mieux Vivre Votre Argent” 2016: among the funds promoted by Groupama Banque, a score of 20/20 was awarded to Groupama Avenir Euro for its 1-year and 5-year performance.

 

Groupama Avenir Euro was awarded 5 stars by Morningstar, in the Eurozone Mid Cap Equity category. 

 

Past performance is not necessarily an indicator of future performance