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Memnon European Fund

Zadig's flagship european equity UCITS fund

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Investment Objective

We think the Memnon European Equity fund can meaningfully outperform the European market thanks to our valuation driven process. Key to this long-term performance ambition is our concentration on our very best ideas only and our risk management process.

Process

Zadig relies on a hands-on research approach. We build our own valuation models, meet with management of companies. Our process is bottom up and valuation driven; we never invest if we cannot justify a meaningful upside for a reasonable amount of risk. ESG factors are fully integrated in our valuation process.

We think there is a comfort bias in the market, and investors overpay for perceived safety. We are often contrarian in our approach; the portfolio is made of companies that are undervalued due to investors’ perception of risk and the companies offer attractive risk/return profiles as a result.

Why invest in Memnon European Equity fund?

Limited factor exposure. At all times, portfolio keeps a balanced exposure to cyclical, defensive, growth companies and we carefully monitor and limit factor exposures (value, growth, momentum, etc.) through advanced proprietary quantitative analysis. By limiting the portfolio’s exposure to broad factors, the performance cannot be replicated by ETFs, even the smart ones.

We bring diversification to investors. By avoiding consensual investments, the portfolio looks and behaves differently from competitors, offering welcome diversification to our investors. The correlation of the portfolio’s performance with peers is low, making the fund a truly diversifying asset for European Equity allocators.

Video

10 years of Memnon European
 

Portfolio Characteristics

  • Market Caps:     Mid to Large
  • Number of investments:     20/30
  • Active share     ~90%

ISIN

  • LU0578133935  (I EUR)

Fund Managers

Vincent Steenman

Partner and Co-Head of Memnon European

Régis Bégué

Partner and Co-Head of Memnon European

Performance
Statistics
Assets
Fees disclosure for share class I EUR

Risks diclosure:  this product has been classified as 4 out of 7, which is a medium risk class.

The Sub-Fund is subject to the specific risks linked to investments in equity securities and collective investment schemes as well as to market volatility linked to the investment in derivative instruments and warrants. Furthermore, a risk of illiquidity of the Sub-Fund may not be excluded. See the prospectus for more details.

Top 10 Holdings (% of portfolio)
Active Share
GICS Sector Exposure (% portfolio)
Portfolio Characteristics
MSCI ESG RATING (% portfolio)
Market Cap (% portfolio – BN EUR)

Monthly Updates

Annual Reports

Prospectus

Various

Policies

Share Class details
Key Investor Information Documents

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This document is purely for informative purposes, and does not represent an offer or an invitation to invest.
All subscriptions must be made on the basis of the Funds issue Offering Memorandum or Prospectus and KIDs in effect at the time of the subscription.
Past performance cannot guarantee future performance in any way. The value of investments may go down as well as up. You may not get back the original amount invested and may lose all of your investment.
Despite the fact that great care has gone into creating this document, errors or omissions cannot be ruled out. Zadig Asset Management SA accepts no responsibility in terms of the full and accurate nature of the information contained in this document.
Zadig Asset Management SA is a Luxembourg Management Company under Chapter 15 of the 17 December 2010, authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF) in the Grand-Duchy of Luxembourg.

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Zadig is committed to a high level of transparency with existing and potential investors. We rely on data to illustrate our investment philosophy and on the human touch to discuss and answer questions.

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