Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

The most consistent French equity managers revealed

The most consistent French equity managers revealed

This month France will head to the polls to elect a new president after Socialist Party leader and sitting president, François Hollande, said he would not run for a second term.

A total of 11 candidates are standing in the first round on 23 April, including Republican candidate François Fillon, the leader of the En Marche! Party Emmanuel Macron, and far-right candidate Marine Le Pen.

With election fever mounting, Citywire Selector has taken a look at the French equity sector to see which managers have provided investors with the most consistent returns over the past five years.

Currently there are 103 managers active in this sector while 75 managers have been active in the asset class for five years to the end of February 2017. The average manager out of the 75 returned 59.41% over the five year period.

However, there is one manager team which has consistently outperformed the average and returned almost double that of the average manager. Let’s take a closer look at the fund.

Perrotin, Kawalec & Burrnand, Moneta AM

Fund: Moneta Multi Caps C

Five year total return (February 2012-February 2017): 103.6%

Best year of outperformance vs. average manager: +12.27% in 2012/2013

The trio of + rated managers Thomas Perrotin, Andrzej Kawalec and Romain Burnand have been managing the Moneta Multi Caps fund for over a decade. Since it launched in March 2006, the fund has grown to €2.48 billion and the managers have 91 companies in the fund.

The fund can invest in all sized French companies and is split according to the size of companies. Large-cap companies make up 48% of the fund and holdings including banking group BNP Paribas, pharmaceutical company Sanofi and oil company Total.

Mid-caps make up 37% of the fund and companies in this space include asset manager Amundi and transport company Bolloré. Small-caps make up the remainder, with engineering company Assystem one of the top holdings in this cap size.

The team’s best year was from February 2012-2013 when they returned 22.47%. This compares to the return of 10.20% by the average manager over the same one-year period of performance.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015