RICHELIEU GLOBAL INNOVATION (R)
An investment base on US equities for diversified portfolios
Richelieu Global Innovation is a global equity fund seeking to select companies from all sectors whose innovation is at the heart of their business model. Innovation is defined as the process that an individual or organization undertakes to conceptualize new products, processes and ideas, or to address existing products, processes and ideas. Asset allocation is done between geographies and types of innovation:
- The geographical distribution is defined according to the expectations of the economic cycle, changes in monetary policy, demographic dynamics and budgetary decisions in each of the three zones (North America, Rest of the world and Europe);
- According to different cycles, two types of innovations prevail in the selection of companies. First of all, product innovation includes companies offering significant changes in the design of goods or services. Then, process innovation includes companies focusing on the efficiency of their processes (development, production, logistics, decision-making, etc.).
Richelieu Global Innovation is co-managed by Eric LAFRENIERE, manager of the Richelieu America ESG fund and David AUTIN, manager of the Richelieu Pragma Europe funds and co-manager of Richelieu CityZen, accompanied by analyst Nadim El-Khalil.
Performances at 23-03-2023
Past performance is not a reliable indicator of future performance
|At 23-03-2023||RICHELIEU GLOBAL INNOVATION (R)||REFERENCE INDICATOR|
|Overall net assets||8 383 557 €|
|1 year performance||-15,18%||-10,28%|
|3 years performance||-||+78,13%|
|5 years performance||-||-|
|Volatility 1 year||—||—|
|Volatility 3 years||—||—|
|Volatility 5 years||—||—|
|Performance since origin * (see graph)|
|RICHELIEU GLOBAL INNOVATION (R)||-17,76%|
|Annualized performance since inception *|
|RICHELIEU GLOBAL INNOVATION (R)||-15,76%|
* Figures quoted relate to past years. Past performance is not a reliable indicator of future performance. Sources: internal and Europerformance.
** The reference indicator was, until 31/12/2021, the STOXX USA 500 NR. It has since been replaced by the Bloomberg United States Large & Mid Cap NR Index (dividends reinvested USN Index).
Risk and return profile
Low risk Yield potentially weaker
High risk, Yield potentially higher
The historical data used to calculate this indicator may not constitute a reliable indication of the future risk profile of the UCITS. The risk category associated with this UCITS is not guaranteed and may change over time. The lowest category does not mean a « risk free » investment. The capital initially invested is not guaranteed.
The indicator above reflects the volatility of the UCITS over 5 years given its main exposure to bonds and debt securities in euros. It is calculated on the basis of the FCP’s return history and, in the absence of sufficient history, on the basis of the returns of its benchmark indicator.
The significant risks for the UCITS that are not sufficiently taken into account by the indicator are:
Credit risk : It represents, for negotiable bonds or debt securities and money market instruments, the risk of a sudden deterioration in the creditworthiness of an issuer or that of its default.
Liquidity risk : risk related to the share of investments made in financial instruments that may present by nature and/or under certain circumstances a relatively low level of liquidity.
Risk related to financial futures : risk linked to variations in the prices of forward financial instruments and to a downward or upward amplification effect of market movements.
Counterparty risk : risk of non-payment of a flow (or commitment) due by a counterparty with which positions have been exchanged and commitments signed.