DNCA Finance (Grupo Banca Leonardo) is a specialist in active funds management - A management of conviction..
DNCA Finance's management is based on a long experience of the markets and companies; it relies not on a consensus of opinions, but on the fruit of the work and convictions of its managers, and is the product of a rigorous, structured investment process. The portfolios consist of a small number of securities (30 to 50); this requirement leads them to select only their strongest convictions. The management style ignores both fashions and indices, seeking absolute performance, with risk control being the major concern...based on robust fundamentals
A QUESTION OF GOOD SENSE
Working according to a strict process, DNCA Finance look for quality companies that are well managed, whose valuation is attractive considering their fundamentals and their outlook. Once year equity appears to them to have exhausted its upside potential, it is gradually sold.
Their expertise: long experience in selecting stocks “stock-picking”
How precisely
does portfolio management happen at DNCA Finance?
The managers (the star manager is Mr Jean-Charles Meriaux) carefully select securities on the market; this is called
"stock-picking". These securities are selected from a panel of
companies that are of good quality,
transparent and respectful of their shareholders.
Stock-picking is done with the help of the best analysts for each business
sector.
The managers select the securities according to their intrinsic qualities and
their valuations, not taking into
account whether they belong to any index. In doing this,
the team – which is both unified and experienced – jointly approves the
investment decisions.
DNCA Finance is managing the investment fund Centifolia invested on French Stocks.
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