Leonardo Asset Management is the fund management company jointly set up by DNCA Finance and Gruppo Banca Leonardo to expand the asset managment expertise of the group in Europe. This development is based on two Sicavs with compartments (Leonardo Invest and Ingenia). According to specialities of every asset management company, compartments' management is delegated to DNCA Finance in France or to Leonardo SGR in Italy – the asset management arm of Banca Leonardo.
MANAGERS
:
Jean-Charles Mériaux, Igor de Maack, Philippe Champigneulle
PHILOSOPHY
The asset of DNCA Convertibles is invested in convertible bonds or exchangeable euro area, of category “investment grade” for at least 50%. The portfolio construction is managed by arbitrating the convertible bonds or exchangeable having evolved to a behavior stocks in favour of less significant obligations or opportunities on bonds with very interesting outputs on the second market.
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Aggregate perf.
at the
29/07/2010
Since the
01/01/10
1 month
3 month
6 month
1 year
5 year
Since the creation**
2009
Leonardo DNCA Convertibles
(A Unit)
0,72 %
1,45 %
-0,68 %
-0,47 %
6,99 %
-- %
20,97 %
20,13 %
Leonardo DNCA Convertibles
(I Unit)
1,15 %
1,52 %
-0,49 %
-0,10 %
7,79 %
-- %
21,92 %
20,54 %
Exane Eurozone Convertible Bonds
-2,06 %
1,37 %
-2,10 %
-0,73 %
4,92 %
-- %
22,50 %
21,85 %
** The inception of the fund is : 17/12/2008
«The last performances are not a reliable indicator of the future performances. »
OBJECTIF
To profit from an output higher than the government loans, and from a sensibility at the stocks markets.
ASSET CLASSES
Convertible bonds or exchangeable euro area: 50-100%.
Convertible bonds or exchangeable non euro area: 10% max.
Bonds “investment grade”: 50% at least.
Monetary products: 0-50%.
TARGET
For the investor who wishes to take part in bull markets of the stocks markets while benefitting from a bond output.
PERFORMANCES
2009 : 20,13%
Created the 18/12/2008.
