LSEG Lipper Fund Awards 2025 : Dorval Asset Management wins 1st prize over 5 years for its Dorval Convictions fund (R share) in the Mixed Asset EUR Flex - Europe category.
For the second year running, the Dorval Convictions fund won the LSEG Lipper Fund Awards at a ceremony held in London on March 21, 2025. After being ranked first fund in its category over 3 years in 2024, it has once again taken first place in its category over 5 years. For over 30 years, these awards have been presented in 20 countries to the funds that have posted the best risk-adjusted performance among their peers over a period of 3, 5 or 10 years. **
Frédéric Ponchon, Managing Director of Dorval AM, comments: "This new distinction confirms the robustness of our management process and the quality of the long-term performance of our Dorval Convictions fund. It also confirms our long-standing expertise in flexible asset management. Since 2007, we have been offering investors a management service enabling them to delegate their exposure to the equity asset class and manage market volatility and uncertainty on their behalf. This award also recognizes the commitment of the entire Dorval Convictions fund management team to enabling our clients to benefit from the long-term growth potential of the equity markets, while seeking to control the risk inherent in these markets, particularly in times of crisis".
Dorval Convictions: 100% flexible management
Labelled SRI like all open-ended funds in the Dorval AM range, with an SRI risk level of 4 and SFDR rating of 8, Dorval Convictions is a fully flexible fund that invests in European listed companies of all capitalization sizes: the equity exposure rate, which can fluctuate from 0 to 100%, is determined according to the economic and financial expectations of the management team, made up of 3 experienced managers: Sophie Chauvellier, François-Xavier Chauchat and Gustavo Horenstein.
The management philosophy, based on the analysis of macroeconomic data and market trends, enables the managers to precisely control the level of exposure to equities and determine the most promising investment themes. This flexibility is managed along 2 axes: a strategic axis, determined by the managers' convictions based on their macroeconomic and market anticipations, and a tactical axis, in reaction to the occurrence of an adverse event.
Sophie Chauvellier, co-manager of the Dorval Convictions fund, explains: "The evolution of the equity exposure rate reflects our investment strategy: we are constantly able to fully utilize the fund's flexibility margin, i.e. the equity exposure range from 0 to 100%. For example, during the extreme market shock of Covid-19, we lowered our exposure to close to 0%. We then re-exposed ourselves following the announcement of fiscal stimulus measures. We also demonstrated our ability to adopt a contrarian management approach to the market consensus: in 2023, we maintained our equity exposure at 70% despite fears of recession, precisely because we were convinced that there would be none".
This asset management approach has enabled the fund managers to reduce, and sometimes even limit, capital losses during periods of sharp market decline, and to take advantage of rebounds in situations deemed more favorable.
The Dorval Convictions fund is available through insurance companies and can be used for life insurance, retirement savings and employee savings plans.
The Dorval Convictions fund is exposed to the following specific risks: discretionary management risk, risk of capital loss, equity risk, capitalization size risk, currency risk, interest rate risk, credit risk, sustainability risk. The capital invested is not guaranteed.
(*) from 01/01/2020 to 31/12/2024.