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.
DNCA Finance: a strong portfolio management philosophy
Strong risk aversion to protect invested capital :
- our philosophy is based on three major principles: caution, patience and perseverance;
- our investment criteria: visibility, solidity, liquidity;
- our investment universe: European companies (productive, transparent, flexible, etc.);
- our expertise: value management, flexible diversified asset allocation, focus on infrastructures.
DNCA Finance's expertise: extensive experience in securities selection and diversified management
What is DNCA Finance’s concrete portfolio management process ?
The portfolio managers choose securities from a selection of European companies; based on their intrinsic qualities (business model, quality of the management team, solvency, liquidity and dividend payout capacity) and valuation multiples. Securities selection also draws on the support of the top analysts in research agencies specialising in each sector of activity. After meeting with the company’s management team, the portfolio managers validate its selection.
Portfolio construction also reflects the macroeconomic environment and the climate in the sectors in which the companies operate.
