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  • NAV: 38.98 EUR
  • NAV DATE: 22-Feb-2024
  • YTD PERF: -1.3%
  • YTD PERF. DATE: 31-Jan-2024

Investment Policy

A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective primarily through investment in a portfolio of high-quality, long-term growth mid and small-cap companies headquartered or carrying out their predominant activities in European Union member states or in the UK.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).

Holdings exclude cash and cash equivalents.
Total Net Assets (all classes, m) 539.8 EUR
Number of holdings 33
Weight of top 10 stocks 42.4%



Cumulative returns shown are monthly returns calculated on the last business day of each month.

Index: MSCI Europe Mid Cap - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report below.

Calendar Past Performance

This chart shows the fund’s performance as the percentage loss or gain per year over the last 9 years compared to the index.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.


Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 2014. Past performance has been calculated in EUR.


  • Monthly Report
  • Quarterly Report
  • Semi-annual Report
  • Annual Report
  • Prospectus
  • PRIIPS Key Information Document
  • Integration of Sustainability Risks
  • Shareholder Notification
  • PAI Statement
  • Remuneration Policy
  • Sustainability Related Disclosures
  • Complaints Handling


Investment Manager Comgest Asset Management International Limited
Sub Investment Manager Comgest S.A.
Management company None / Comgest Growth plc is self-managed
Bloomberg Code COMGMEI ID
Sedol Code Null
Share Class Currency EUR
Fund Base Currency EUR
Share Class Distribution Policy Accumulation
Hedged No
Share Class Inception Date 03-Mar-2014
Fund Domicile IRELAND
Investment Management Fee 1.00%
Ongoing charges 1.05%
Maximum entry fee 0.00%


Lower Risk
Higher Risk
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This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.


This fund has the following core inherent risks (non-exhaustive list):

• Investing involves risk including possible loss of principal,

• The value of all investments and the income derived therefrom can decrease as well as increase,

• There is no assurance that the investment objective of the fund will be achieved,

• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.

A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.



Eva Fornadi joined Comgest in 2005 and is an Analyst and Portfolio Manager specialising in European equities. She is also a non-executive member of the Board of Partners.

She co-leads the Europe Smaller Companies and Europe Opportunities strategies.

Eva graduated with a Bachelor of Arts with Honours in Business Studies issued by the Oxford Brookes University in the UK and a BA in Business Studies at the International Business School in Budapest, Hungary.

Denis Callioni joined Comgest in 2015 and is an Analyst and Portfolio Manager specialising in European equities.

She co-leads the Europe Smaller Companies and Europe Opportunities strategies, contributes to idea generation and researches European companies within a broad range of sectors. Denis started her career in 2010 as an equity Analyst at Kempen & Co Merchant bank in Amsterdam.

She holds a Master’s degree in Corporate Finance and Banking from Duisenberg School of Finance (the Netherlands) as well as a Master’s degree in Business and Economics obtained from the University of Amsterdam. Denis is a CFA® charterholder.

William Bohn joined Comgest in 2019 as an Analyst and Portfolio Manager specialising in European equities.

William contributes to idea generation, researching quality-growth companies within a broad range of sectors. Prior to joining the firm, William undertook internships at Comgest, Alphavalue (European Independent Equity Research) and The Rock Creek Group (Global Asset Management Firm) during his year abroad in Washington D.C.

William graduated top of his class at Sciences Po Strasbourg with a Master’s degree in Law, Economics, and Finance and also holds a Master’s degree in Corporate Finance from ESSEC Business School and is a CFA® charterholder.


Investment Team listed above may include advisors from affiliates within the Comgest group.

Morningstar Medalist Rating

Morningstar Medalist Rating™ is a forward-looking measure derived through research of three key pillars, People, Process, and Parent. It is expressed on a five-tier scale running from Gold to Negative. The Medalist Rating is not a statement of fact, nor is it a credit or risk rating, and should not be used as the sole basis for investment decisions. It is not intended to be nor is a guarantee of future performance.

©2020 Morningstar, Inc.

All rights reserved. Ratings and awards mentioned in this document can change at any time and do not constitute a buy recommendation.



This is a marketing communication. Please refer to the fund prospectus and to the PRIIPs KID before making any final investment decisions. UK investors should refer to the UCITS KIID. These documents are available at our offices free of charge and on our website at The Comgest Growth plc prospectus is available in English, French and German. The KIDs are available in a language approved by the EU/EEA country of distribution. 

Tax applicable to an investment depends on individual circumstances. Depending on where you live, the fund may not be available to you for subscription. Consult your financial or professional adviser for more information on investing and taxation. The information provided does not constitute investment advice and it should not be relied on as such.

Comgest Growth funds are UCITS compliant sub-funds of Comgest Growth plc, an open-ended umbrella-type investment company with variable capital and segregated liability between sub-funds incorporated in Ireland and regulated by the Central Bank of Ireland and managed by Comgest Asset Management International Limited.

Comgest Growth plc may decide to terminate at any time the arrangements made for the marketing of its UCITS.

Comgest Asset Management International Limited’s complaints handling policy (which contains a summary of investor rights and information on redress mechanisms in the event of litigation) is available in English, French, German, Dutch and Italian on our website at in the regulatory information section.



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