Dorval Global Allocation
An SRI labelled offering investing in promising global themes
Key points
- A selection of promising themes to seek to capture global growth
- Active and agile management, framed by a rigorous socially responsible investment policy, through highly diversified baskets of securities
- An active hedging and risk management policy for an asset risk profile
- This product promotes environmental or social characteristics but does not have as its objective a sustainable investment. It might invest partially in assets that have a sustainable objective, for instance qualified as sustainable according to the EU classification
- The fund is exposed to capital loss risk
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Evolution of performance
4/24/24 - 4/24/24
Past performances are no guarantee of future performances. The performance calculations are net earned dividends reinvested for the UCITS. The performance calculations for the benchmark indicator are reinvested net earned dividends.
Performance scenarios
This document is intended to present the performance scenarios displayed in the PRIIPS KID on a monthly basis. The figures shown include all costs of the product itself, but not necessarily all fees due to your advisor or distributor. These figures do not take into account your personal tax situation, which may also affect the amounts you receive. The tax laws of the retail investor's home Member State may affect the actual amounts paid. What you will get from this product depends on future market performance. Market performance is random and cannot be accurately predicted. The unfavorable, intermediate and favorable scenarios presented are illustrations using the best and worst performance, as well as the median performance of the fund over the past ten years. Markets could move very differently in the future. The stress scenario shows what you could get in extreme market situations. Retail investors may lose some or all of the amount invested. The performance scenarios have been developed in accordance with current regulatory requirements. However, they do not constitute a commitment on the part of Dorval Asset Management and cannot prejudge the actual performance of the product. The amounts shown in euros represent an average annual return.
| Recommended investment period: years Example of investment : Scenarios Select... | If you get out after 1 year | If you get out after years | |
|---|---|---|---|
| Minimum | There is no guaranteed minimum return. You could lose all or part of your investment. | ||
| Tensions | What you could get after deducting costs Average annual yields | ||
| Unfavorable | What you could get after deducting costs Average annual yields | ||
| Intermediate | What you could get after deducting costs Average annual yields | ||
| Favorable | What you could get after deducting costs Average annual yields | ||
The essential
- INVESTMENT UNIVERSEEquities on international markets and fixed-income products. The fund may be 0 to 60% exposed to the equity markets, and invested between 0 and 100% in fixed-income products, with a sensitivity range of between -5 and +10%.
- REFERENCE INDICATOR60% capitalised €STR index and 40% MSCI World Equal Weighted Net Total Return Local Index net dividends reinvested (since 09/30/2021) over a 5-year investment period
- MINIMUM RECOMMENDED INVESTMENT HORIZON5 years
Performances
Performances net of management fees
Past performances are no guarantee of future performances. The performance calculations are net earned dividends reinvested for the UCITS. The performance calculations for the benchmark indicator are reinvested net earned dividends.
Learn more
The fund Dorval Global Allocation (ex-Dorval Global Convictions) is a response to the current low interest rate environment by providing exposure to international fixed income and equity markets combining macroeconomic analysis with an approach to corporate environmental, social and governance (ESG) opportunities and risks of companies. It seeks to provide a higher net expense return than the reference index.
A selection of promising themes to seek to capture global growth
Dorval Global Allocation can drive its exposure to equity markets up to 60% and/or its investment in interest rate markets across all geographical areas, aiming to benefit from the dynamism of all potential growth areas. The management team identifies the themes deemed to be promising relevant to each phase of the cycle and rotates these schemes according to market trends.
Active and agile management, framed by a rigorous socially responsible investment policy
Portfolio construction and management combine financial and extra financial approaches and are based on:
- Identification of investment themes considered to have higher potential, i.e. in line with the major trends and the economic and financial context.
- A definition of the level of risk for the portfolio.
- A construction of equally weighted equity and bonds baskets within the investment themes, combining financial and extra financial analyses.
The balance of the portfolio may be invested in monetary instruments. In the event of a significant risk in the financial markets, money market instruments may represent 100% of the assets.
Information concerning the methodology and data relating to extra-financial analysis are available in the SRI policy and the Code of transparency of Dorval Asset Management available here.
An active hedging and risk management policy for an asset risk profile
In order to protect the portfolio, the performance trajectory is driven by an active hedging and risk management policy, in particular to 3 levers:
- The level of exposure to risky assets, regularly reviewed by the Asset Allocation Committee, according to the central scenario;
- The degree of diversification by asset class, geographical and thematic areas, the specific risk is limited to 1% of the fund's assets for each equity:
- The use of asymmetric hedging in a wide universe, according to alternative scenarios and with vigilance regarding their costs (safe haven assets, futures and index options).
One last question ?
- Gustavo Horenstein Sophie Chauvellier François-Xavier Chauchat "These themes are first determined based on Dorval Asset Management's macroeconomic scenario and then narrowed down to our highest convictions. The themes we retain can be global or region- or sector-specific. We then filter them by analysing valuations, market momentum and flags within corporate accounts, which enable us to assess their stock market potential."
- "In our view, ESG is both a source of opportunities and a method to monitor risks. We draw on our proprietary scoring system to eliminate companies with the weakest scores and/or that have been subject to controversies, with a view to ascertaining our international investment universe. We then focus on the names that can best address or adapt to today’s environmental and social challenges on the back of their high-quality governance (50% of the score). Lastly, we pursue our engagement approach with these companies by voting for all resolutions that seek to enhance transparency and promote sustainable development practices."
Warnings
The information provided is neither contractual in nature nor serves as investment advice.
Past performance is no indicator of future performance. Capital invested is not guaranteed. It is advisable to follow the minimum recommended investment horizon. The characteristics, risks and charges concerning this investment are detailed in the fund prospectus, which is available free of charge from the asset management company.
The tax treatment depends on each client's situation and is subject to change at a later date. Each mutual fund may not be suitable for all investors. The risks of investing in a mutual fund are described in the Prospectus for this mutual fund, which can be downloaded from this site. Dorval Asset Management invites the individuals concerned to familiarise themselves with it.
Dorval Asset Management may not be held liable for any decision taken or not taken based on information contained in this document, or for how it may be used by a third party.
The investor must be given the Key Investor Information Document before subscribing.
Pursuant to provisions in Council Regulation (EU) No 833/2014, the purchase of units/shares in Dorval Asset Management’s funds is prohibited for all Russian and Belarusian nationals, as well as any individuals who are resident in Russia or Belarus and any legal person, entity or body established in Russia or Belarus, apart from nationals of a Member State and individuals holding a temporary or permanent residence permit in a Member State.