Eurizon Fund -
Top European Research
An investment strategy based on a bottom-up approach focused on stock picking
Eurizon Fund - Top European Research is an investment solution specialized in the European Stock Market which aims to identify investment opportunities using the insights of an experienced research and portfolio management team, within a rigorous management process of the risk.
Particularly, the investment team has several years of experience in the European stock market and can count on a team of sector analysts. As for the investment process, it is focused on a bottom-up stock selection and is supported by a proprietary screening model and careful risk management.
Investment Objective Policy
The objective to increase the value of your investment over time and to outperform European equity markets as measured by the benchmark: MSCI Europe Index® (net total return). The Sub-fund is actively managed in reference to the benchmark for designing the portfolio, measuring performance and calculating performance fee. The Sub-fund's exposure to securities, and thus its performance, are likely to differ largely from those of the benchmark.
The Sub-fund mainly invests in European equities. The Sub-fund generally favours direct investment but may at times invest through derivatives.
There is no guarantee that an investment objective will be achieved or that a return on capital will be obtained. The Sub-fund does not benefit from any guarantee to protect the capital.
Why choose the European stock market
The European stock market represents a good investment opportunity, thanks to the economic and financial context.
European equity markets trade at attractive valuation and the European economy proved to be more resilient than expected to the energy crisis also thanks to a significant efficiency in gas consumption.
Moreover, during the year, inflation is expected to fall leading to a more accommodating attitude on the part of the European Central Bank, which could be associated with new industrial support plans.
Breakdown by business sector
Data net of positions in derivatives. Source: internal elaboration – data as of 29/11/2024
Breakdown by geographical region
Data net of positions in derivatives. Source: internal elaboration – data as of 29/11/2024 Main Risks of the sub-fund
The risk indicator assumes you keep the product for 4 years.
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 4 out of 7, which is a medium risk class. This rates the potential losses from future performance at a medium level, and poor market conditions could impact the capacity of Eurizon Capital S.A. to pay you. Page 2/3 | Key Information Document (KID) | 6 March 2023 This fund does not offer any form of capital protection against future negative market conditions and, as a consequence, you may lose part of or the entire amount originally invested. If the fund is not able to pay you out what is due, you may lose your entire investment.
Main costs: illustrative share LU2643225456 , class unit Z EUR Accumulation: - Entry charge: 0.00%. - Exit costs 0.00%. - Ongoing costs: management fees and other administrative or operating costs 0.79% of the value of your investment per year, this is an estimate based on actual costs over the last year; transaction costs 0.47% of the value of your investment per year, this is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. - Performance fees 0.23% The performance fee calculation is based on a comparison of the net asset value per unit against the High Water Mark where the High Water Mark is defined as the highest net asset value per unit recorded at the end of the five previous financial years, increased by the year-to-date return of the fund's benchmark. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years. Main risk: benchmark orientation; concentration; convertible bonds; currency; derivatives; equity; hedging; investment fund; management; market; sustainable investing. Before making any investment decision, please read the Key Information Document (KID) and the Prospectus, in particular the risks and costs sections. The documents are available online by clicking here .
This is not an exhaustive list of the costs. Other costs apply, differ per unit class and are subject to change. All the costs are detailed in the Prospectus and Key Information Document (KID).
The Fundamental Research team
A team highly skilled with an average experience of more than 15 years in their sectors.
Key features:
- 10 billion euros in AUM*
- 10 analysts with an average experience of 15 years
*Source: internal elaboration – data as of 31/07/2024
Investment Team subject to change without notice. ESG Information
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SFDR classificationThe Sub-fund promotes environmental or social characteristics as per Article 8 of the Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (“SFDR”). While it does not have sustainable investments as its objective, it will have a minimum proportion of 40% of sustainable investments.
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What environmental and/or social characteristics are promoted by this financial product?The fund promotes environmental and social characteristics by investing in securities of issuers with favourable ESG characteristics. Favourable ESG characteristics are determined as follows.
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ESG Score integrationIn accordance with good governance practices, the fund aims to pursue an "ESG score" - calculated at the overall portfolio level - higher than that of its investment universe, through the integration of ESG factors in the analysis, selection, and composition of its investments.
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Sector exclusion
The fund does not invest in issuers operating in sectors considered "not socially and environmentally responsible". Issuer exclusion: the fund does not invest in "critical" issuers (i.e. with a lower ESG sustainability rating level in the equity and bond investment universe) for which an escalation process is activated.
Before making an investment decision, please read the risk section of the prospectus and particularly the specific risks related to that Sub-fund as well as the costs. Please also consider all the characteristics, objectives, methodological limits and read the SFDR pre-contractual disclosure, as well as the Summary of the website product disclosure, available in English or in authorized language, in the “Sustainability-related Disclosure”.
Useful insights
This marketing communication relates to Eurizon Fund (The “Fund”), a Luxembourg UCITS in accordance with Directive 2009/65/CE and the Luxembourg Law of 2010. This document is issued by Eurizon Capital S.A. organized as a public limited company in Luxembourg, at 28, boulevard Kockelscheuer, L-1821 Luxembourg, and authorised as management company of the Fund under the Law of 2010. This marketing communication is intended for professional investors as defined in the European Directive 2014/65/EU (MiFID) or relevant legislation in countries where the Fund is registered for distribution and is not intended for retail investors nor US Persons. Before taking any investment decision, read the Prospectus, the Key Information Document (the “KID”), and the last annual or semi-annual financial report, available in English (and the KIDs or in authorized language) on the website www.eurizoncapital.com.
This document does not constitute any legal, tax or investment advice. Past performance does not predict future returns. There is no guarantee that the forecasts will be reached in the future. Liaise with your tax and financial advisor to find out whether a product is suitable to you and understand the related risks and tax impacts. The tax treatment depends on the individual circumstances and may be subject to change in the future. A summary of investor rights is available in an official language (or authorised language) at www.eurizoncapital.com/en/investors-rights.
The Management company reserves the right to terminate the marketing arrangements of the Fund in your country. Before investing, read the risk section of the prospectus and the specific risks and costs related to the Fund. Also read the SFDR Pre-contractual disclosure, and the documents available in English or in authorized language, in the “Sustainability” section of the webpage: www.eurizoncapital.com.
SWITZERLAND:
In Switzerland this document is an advertising as per the Federal Act on Financial Services (FinSA), is intended for professional and institutional investors only and is not intended for retail investors. The representative and paying agent in Switzerland is Reyl & Cie SA, Rue du Rhône 62, CH-1204 Geneva. The prospectus, the KID, the fund regulation and the annual and semi-annual reports may be obtained from Reyl & Cie SA. Daily publication of the net asset values of the Units offered in Switzerland: www.fundinfo.com
CHILE:
In Chile when the Sub-Fund has been registered for distribution by the Comision Clasificadora de Riesgo (CCR) in Chile exclusively to Chilean Pension Funds under Agreement Nr 32 of the CCR, this document is not intended to investors who do not qualify as a Chilean Pension Funds. To find out whether this Sub-Fund is registered with the CCR, please refer to www.eurizoncapital.com.