Focus on quality
- In all sectors, we can find quality companies
- Company management track record and reliability
- Low leverage
- High Free Cash Flow generation
- Healthy balance sheets
Fund detail
DGC – Stock Selection
DGC Stock Selection has a proven successful track-record across different market cycles. With its seasoned investment team and top rankings, it aims at being a core equity allocation in any portfolio.
This webpage is a marketing communication. Please refer to the Prospectus and the PRIIPs Key Information Document (KID) before making any final investment decisions.
Access to fund information and documentation is subject to jurisdiction and investor-type restrictions.
Change investor profileStrategy AUMEUR 902 000 000
Investment overview
NS Partners’ flagship global equity UCITS fund.
DGC Stock Selection benefits from the experience of a seasoned investment team across different market cycles. Recognised by external rating agencies, the strategy aims to serve as a long-term core global equity allocation within a diversified portfolio.
- Long only, pure global equity fund
- Active and fundamental bottom-up approach
- Large Caps, developed countries
- No style bias, unconstrained in terms of geography and sector (benchmark agnostic)
- Concentrated and diversified portfolio in terms of sectors, sub-sectors and countries
- SFDR Article 8
- Low to moderate turnover
- High Active Share
- Fully invested at all times, no market timing, no futures, no options
- Daily liquidity
Why consider this fund
30+ years’ experience in managing global equity portfolios
Long-term investment experience across different market cycles
Active and fundamental bottom-up approach with proprietary in-house research and database
Focus on high quality companies, with sound balance sheets, high FCF generation and strong competitive advantages
Diversified blended approach (no style bias)
Well suited for investors looking for a core equity allocation
Strong and independent risk management process
Investment process and characteristics
Valuations are key
- Strong emphasis on Price Earning Ratio (PER)
- 2-years Normalized PEG (Price Earnings Growth)
- 3-years Free Cash-Flow as a percentage of market cap.
- Discounted Cash Flow for all stocks (ex-Financials) helps in detecting abnormal valuations (both ways)
Portfolio construction & Risk Management
- Continuous risk management with strict risk control rules
- Be agnostic (don’t fall in love with a stock, don’t hate a stock either)
- No average down
- Position sizing matters (Max/Min weightings: 4% and 1%)
- Beta monitoring
Investment Risks
- The value of investments may fluctuate and investors may not recover the full amount invested.
- Equity 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.
Commitment to ESG
- Fully integrated ESG process
- We do not exclude any industry (“best in class” approach)
- We do not consider companies with a bad ESG rating
- We favour companies that make efforts to improve their ratings
- SFDR classification: Article 8
Investment team
Pierre MoutonHead of Long Only Investments, Member of the Executive Committee
Maximilien MestelanEquity Analyst
Marie-Caroline BenoistonSenior Portfolio Manager, Head of ESG
Maria Hernandez SanchezEquity and ESG Analyst
Angel Sanz, CFAChief Investment Officer, Head of Asset Management
Julien Baltzinger, CFAPortfolio Manager