Focus on quality
- High-quality companies across all sectors
- Proven management teams with strong track records
- Preference for low leverage, strong free cash flow and healthy balance sheets
Détails du fonds
DGC – Energy
DGC Energy est un fonds actions Long Only géré activement, axé sur la transition énergétique mondiale et l’efficacité énergétique. Le fonds applique une approche d’investissement rigoureuse fondée sur l’analyse fondamentale et une exposition sélective aux entreprises actives sur l’ensemble de la chaîne de valeur de l’énergie.
Cette page web constitue une communication commerciale. Veuillez consulter le prospectus et le document d’informations clés PRIIPs (KID) avant de prendre toute décision d’investissement définitive.
L’accès aux informations et à la documentation des fonds est soumis à des restrictions liées à la juridiction et au type d’investisseur.
Modifier le profil d’investisseurEncours de la stratégieEUR 115 000 000
30.09.2025
30.09.2025
Aperçu de l’investissement
DGC Energy est un fonds actions Long Only géré activement, axé sur la transition énergétique mondiale et l’efficacité énergétique. Le fonds applique une approche d’investissement rigoureuse fondée sur l’analyse fondamentale et une exposition sélective aux entreprises actives sur l’ensemble de la chaîne de valeur de l’énergie.
- Pure thematic focus: long-only equity strategy centered on the energy transition theme
- Benchmark agnostic: unconstrained in terms of geography and sector with no style bias (blend)
- Large cap orientation: primarily invests in developed markets and large-cap companies
- High conviction: concentrated portfolio of ~20–25 stocks, diversified across sub-sectors
- Low to moderate turnover: focused on long-term investment horizon
- No derivatives: no market timing, futures or options, purely bottom-up fundamental approach
Pourquoi envisager ce fonds
30+ years’ experience in equity portfolio management, with a long-standing commitment to fundamental, active investing.
In a market where many clean energy companies remain highly speculative or unprofitable, the strategy focuses on a disciplined, fundamentals-driven investment approach designed to provide exposure to long-term developments in the energy sector.
The investment process combines fundamental analysis, valuation discipline and selective exposure to quality growth opportunities across the energy value chain.
Recognised by external rating agencies for its long-term investment approach and risk-aware portfolio construction.
The strategy aims to provide diversified exposure to companies benefiting from long-term trends within the energy sector.
Processus d’investissement et caractéristiques
Valuations are key
- Willing to pay elevated P/E ratios for quality but avoid excessive multiples
- Use of normalized 2-year PEG and 3-year free cash flow yield as core valuation metrics
- DCF analysis on all holdings to assess valuation upside/downside
Portfolio construction & Gestion des risques
- Continuous risk oversight with clear internal limits
- Agnostic investing: avoid bias, no averaging down
- Position sizing based on conviction and risk
- Stay flexible and disciplined in portfolio rebalancing
Investment Risks
- The value of investments may fluctuate and investors may not recover the full amount invested.
- Actions markets can be volatile and may be affected by economic, political and market developments.
- Investments in international equities may be exposed to currency fluctuations.
- ESG criteria are integrated into the investment process but may not necessarily result in improved investment performance.
- Please refer to the Prospectus and PRIIPs KID for a full description of risks associated with the Fund.
ESG Integration
- ESG integration within the investment process
- Best-in-class approach (no strict sector exclusion)
- Exclusion of companies with weak ESG profiles
- Preference for companies improving ESG practices over time
- Fund SFDR Classification: Article 6
Équipe d’investissement
Angel Sanz, CFAChief Investment Officer, Responsable de la gestion d’actifs
Pierre MoutonResponsable des investissements Long Only, Member of the Comité exécutif
Julien Baltzinger, CFAGérant de portefeuille
Marie-Caroline BenoistonSenior Gérant de portefeuille, Head of ESG
Maximilien MestelanActions Analyst
Maria Hernandez SanchezActions and ESG Analyst