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.
ISIN : A capitalisation units : LU0309082369
B capitalisation units : LU0309082799
I capitalisation units : LU0309082104
J distribution units : LU0320286916
PHILOSOPHY
Leonardo Infrastructure Fund Europe (LIFE) invests in listed European companies in the following businesses: tall roads, car parks, airports, diversified concessionaires, satellite network managers, public service managers (hospitals, prisons, etc.), electricity producers/distributors, gas producers/distributors, gas and electricity transport networks, water distribution network managers, waste collection and treatment and renewable energies. The fund, which is eligible for the french equity savings plan (PEA), invests at least 75% of its net assets in European companies (EU-27). Up to 25% of its net assets may be invested in international equities.
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Aggregate performance
29/07/2010
Since 01/01/10
1month
3 month
6 month
1 year
5 year
Since the creation**
2009
LIFE (B Unit)
1,02 %
4,48 %
-1,78 %
2,46 %
17,82 %
-- %
-18,76 %
26,79 %
LIFE (I Unit)
1,85 %
4,60 %
-1,42 %
3,19 %
19,53 %
-- %
-15,44 %
28,63 %
DJ Stoxx 50
-3,81 %
5,52 %
-2,14 %
0,33 %
8,53 %
-- %
-36,76 %
25,17 %
Macquarie Global Infrastructure Europe
-11,45 %
6,51 %
-6,57 %
-6,93 %
-0,92 %
-- %
-38,04 %
2,64 %
** Unit B created on 12/10/2007
«The last performances are not a reliable indicator of the future performances. »
OBJECTIVES
Increase the capital invested in the medium term, with lower volatility than European indices.
ASSET CLASSES
Shares on the infrastructures of Europe 27.
TARGET
For the investor who wishes to invest in a new asset class. Alternative “safe-haven” stocks to listed real estate.
PERFORMANCES
2009: 26,79%
2008: -36,70%
2007: 0,21%
Unit B created the 12/10/2007.
