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INVESTOR PROFILE

COMGEST GROWTH GLOBAL FLEX EUR Z ACC

  • NAV: 16.01 EUR
  • NAV DATE: 27-Mar-2024
  • YTD PERF: 7.5%
  • YTD PERF. DATE: 29-Feb-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 through investment in a portfolio of international and diversified, long-term growth companies. The Fund will invest on a global basis in shares and preferred shares issued by companies quoted or traded on regulated markets. The Fund will adopt a 'hedging strategy' using exchange traded equity and volatility index futures. The aim of the hedging strategy is to partially offset loss that may result from a decline in the price of shares held by the Fund. The Fund may use fx forwards with the aim of limiting the effect that changes in foreign exchange rates may have on the value of the Fund.
The Fund is actively managed.
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) 75.0 EUR
Number of holdings 35
Weight of top 10 stocks 47.4%

PERFORMANCE & HOLDINGS As of 29-Feb-2024

CUMULATIVE PAST PERFORMANCE

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

Please note that performance is rebased to 100.

Calendar Past Performance

This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

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. 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 2018. 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
  • PAI Statement
  • Remuneration Policy
  • Sustainability Related Disclosures
  • Complaints Handling

Details

Investment Manager Comgest Asset Management International Limited
Sub Investment Manager Comgest S.A.
Management company None / Comgest Growth plc is self-managed
Fund Name COMGEST GROWTH GLOBAL FLEX
Share Class COMGEST GROWTH GLOBAL FLEX EUR Z ACC
ISIN Code IE00BDZQRB35
Bloomberg Code COGFEZA ID
Sedol Code Null
Share Class Currency EUR
Fund Base Currency EUR
Share Class Distribution Policy Accumulation
Hedged Yes
UCITS Yes
Share Class Inception Date 09-Jan-2018
Fund Domicile IRELAND
Investment Management Fee 0.95%
Ongoing charges 1.20%
Maximum entry fee 2.00%

RISK INDICATOR

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.

MAIN RISKS

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.

INVESTMENT TEAM

VIEW FULL TEAM

Alexandre Narboni joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in Global equities. He is also a member of the Comgest Group's Investment Committee.

Alexandre is also responsible for developing and supervising Comgest’s Flex strategies, the firm's first investment strategies to employ hedging techniques with the objective of reducing volatility and drawdowns. He previously worked in the Group’s US equity team. Before joining Comgest, he worked in New York in asset-backed securities at Société Générale from 2005-2007 and then as a hedge fund credit Analyst at HSBC.

Alexandre graduated from the National School of Statistics and Economic Administration (ENSAE) in Paris and Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics.

Schlomy Botbol joined Comgest in 2016 and is a Quantitative Analyst and Portfolio Manager.

Before joining Comgest, Schlomy worked as a Portfolio Manager gaining more than 10 years’ experience in cross asset investments and alternative strategies for Société Générale Asset Management Alternative Investments and UBP Alternative Investments. He is a derivatives expert who has considerable experience in portfolio management, execution and quantitative research of innovative investment solutions. 

Schlomy graduated from the French Grande Ecole Telecom SudParis and holds a Master’s Degree from Université Paris IX – Dauphine (Master 203).

Laure Négiar joined Comgest in 2010 and is an Analyst and Portfolio Manager specialising in Global equities. She is also a non-executive member of the Board of Partners and the Global Equity Team manager.

Laure co-manages Comgest's Global and EAFE (Global ex-US) strategies as well as the team’s segregated accounts. Before joining Comgest, she worked at BNP Paribas Equities & Derivatives in Paris and London, and prior to that worked in several roles within the US government.

Laure obtained a Bachelor’s degree in Public Policy from Stanford University (with Honours and Phi Beta Kappa) before graduating on the Dean's list with an MSc in Management from the HEC business school in France. She is also a CFA® charterholder.

Léo Lenel joined Comgest in 2019 and is a Quantitative Analyst and Portfolio Manager.

Léo previously worked in quantitative research before becoming a risk manager and quantitative analyst for Pictet Asset Management in Geneva. His focus is on quantitative investment strategies, and particularly, the link between fundamental and quantitative management.

Léo graduated from the Ecole Centrale de Nantes and holds a Master's degree in Financial Engineering from the Ecole Polytechnique Fédérale de Lausanne.

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

Morningstar Rating


31-Jan-2024


Morningstar Category: EAA Fund EUR Flexible Allocation - Global


Number of Funds in Category: 3732

The Morningstar Rating™ is an objective, quantitative measure of a fund's historical risk-adjusted performance relative to other funds in its category. The overall rating is a weighted combination of the three-, five- and ten-year ratings. The top 10% of funds will receive a 5-star rating and the next 22.5% receive a 4-star rating.

©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.

 

IMPORTANT INFORMATION

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 www.comgest.com. 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 www.comgest.com in the regulatory information section.

 
Comgest

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