Kirao Smallcaps
Mutual fund invested in French and European small and mid cap equities, selected one by one and held over time.
Performance
Rebased to 100 at 30/04/2015. Net of management fees.
Investment objective
As part of discretionary equity management, the fund's long-term objective is to achieve an annualised performance above that of the CAC Small Net Return index (dividends reinvested). The UCI is actively managed. The index is used a posteriori as an indicator for comparing performance. The management strategy is discretionary and independent of the composition of the benchmark index. This objective is combined with a non-financial approach that takes environmental, social and governance (ESG) criteria into account. ESG analysis plays an important role in asset selection and portfolio construction. It also helps to better characterise the risk profile of the investments.
How we select
We look for three things together: a break in the company's model or market, financial strength that gives it time to benefit, and a valuation that does not yet anticipate it. A case that fails to meet all three does not enter the portfolio.
The portfolio is concentrated, around forty holdings. We meet management before investing, then at least once a year. We accept staying away from an entire sector when we cannot assess it.
Main risks
Risk of capital loss, equity risk, risk related to small and mid caps whose liquidity may be reduced, discretionary management risk. The full list is set out in the prospectus.
Fund manager
Share class details
| Share class | ISIN | Management fee | Minimum subscription | Assets |
|---|---|---|---|---|
| AC | FR0012633311 | 2.35 % | None | €10,667,951 |
| IC | FR0012646131 | 1.15 % | €1,000,000 | €1,597,178 |
| KC | FR0013312121 | 1.30 % | None | €167,710 |
Subscribe
The terms depend on your situation. The profile chosen at the top of the page determines what is shown here.
Distribution
The fund is available on the main platforms and insurance companies. The list of contracts is updated each quarter.
View insurer listingsYour contact
A partner relations manager follows your firm and handles requests for documentation or bespoke reporting.
Write to usThrough your adviser
The simplest route. Your wealth adviser or your bank can subscribe on your behalf.
How to subscribeThrough life insurance
The fund is available as a unit-linked option in several contracts. Check availability with your insurer.
Listed contractsBefore you invest
Read the key information document. This fund carries a risk of capital loss and should be held for the recommended holding period.
Key information documentIC share class
Share class reserved for institutional investors, reduced management fee, minimum subscription of 500,000 euros.
IC share class documentationBespoke reporting
Detailed monthly reporting, portfolio look-through, ESG data in the format you require.
Request a reportPast performance is not a guide to future performance and is not constant over time. It is calculated net of all fees and as at the date shown. This fund carries a risk of capital loss and offers no guarantee of return.
The information on this page is general in nature and constitutes neither personalised investment advice nor an offer to subscribe. Before any decision, the key information document and the prospectus must be consulted.