Echiquier Space K/  LU2466449001  /

Echiquier Space is a UCITS invested in international equity markets and more specifically in companies in the space sector. The objective of the UCITS is to deliver over the recommended investment period a performance net of fees greater than that of its benchmark, the MSCI All Country Index Net Return (Euro) net dividends reinvested. However, it is not the subfund"s objective to reproduce the performance of this index, and the portfolio"s composition may therefore differ substantially from that of the benchmark index. The UCITS implements an active and discretionary management based on a rigorous stock picking process, involving direct meetings with the companies in which the subfund invests. The investment strategy aims to select stocks that, according to the analysis of the management company, present sustainable growth and are active in the space sector, either directly or indirectly, via a segmentation of this universe by economic activity. At all times, a minimum of 75% of the net assets of Echiquier Space will be invested in listed equities, of which a maximum of 30% in emerging market equities. These will mainly be stocks whose market capitalisation is below 1 billion euros. The subfund will however also be able to invest in small-cap stocks with a market capitalisation of less than €1 bn up to a limit of 25% of its net assets. Compliance with the market capitalisation criterion is assessed at the time of the initial investment in the equities in question. The exposure to the equity risk will be at least 60%, of which a maximum of 30% to emerging markets. The UCITS reserves the right to invest a maximum of 25% in fixed-income products. At the time of acquisition and for monitoring purposes over the life of the securities, credit risk is assessed on the basis of in-house research and analysis by La Financière de l"Echiquier and using the ratings produced by agencies. Eligible securities are deemed investment grade, i.e., having a minimum Standard & Poor"s rating of BBB- or equivalent or considered as such by the management team.

Echiquier Space is a UCITS invested in international equity markets and more specifically in companies in the space sector.