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Our expertise

From small and medium-sized stocks to European and international equities, socially responsible investment, European credits or asset allocation, we have developed conviction-based approaches for each of our areas of expertise.

European and international equities

30 years specialising in stock selection

Stock pickers since inception : we put in-depth knowledge of companies and their leaders at the heart of our process.

We aim to take exposure to the best opportunities in European equities, deploying a vast range of expertise: growth, value, small and mid-caps, large caps, euro zone, SRI certified and positive impact investing.
All this know-how is at your service through our different European equities funds, such as Echiquier Agressor, Echiquier Major SRI Growth Europe, ou Echiquier Agenor Mid Cap Europe.

Our original expertise in European stock picking was expanded to include international large caps. We invest in global growth drivers with Echiquier World Equity Growth, in innovative growth companies and upcoming global leaders with World Next Leaders, and in social issues and global economic trends through our themed funds, such as Echiquier Artificial Intelligence.

Socially Responsible Investment

For sustainable creation of value

Making the most of sustainable development and a responsible economy. That is the basis of Socially Responsible Investment (SRI).

For us, it means rigorous selection of the companies in which we invest.

We combine non-financial analysis (ESG criteria) with financial analysis of companies to obtain a 360° view of the risks and opportunities of our investments. The companies analysed must obtain a minimum ESG score to be part of our SRI solutions.

This methodology has been refined over more than 12 years earning us the French official state SRI label for multiple funds and Belgian and German labels for two funds..

In the interest of perfect transparency, full information on our methodology and investments is available on our website.

Find out more on our SRI approach

European small and mid caps

An inefficient universe, rich in opportunities, where our stock-picking know-how is key

Each opportunity is subject to a fundamental and independent analysis following a disciplined process:

Estimation of the relevance of growth projects,

leadership positioning and alignment of interests with management.

Meetings with company managers across Europe

to validate fundamental analysis and establish close relationships with companies.

ESG analysis

to complete the fundamental vision and assess risks and opportunities.

Methodical and rigorous investment

by a team of three managers, backed up by two analysts, specialised in European small and mid caps.

Multi-asset expertise

Seeking yield wherever it is to be found, thanks to areas of expertise developed in-house.

La Financière de l'Echiquier puts all its areas of specialist expertise at your service: asset allocation, European and international equities, etc. investing in the full spectrum of corporate debt, mainly in Europe. Our know-how is based on:

  • A strategic and tactical approach

  • Access to different growth drivers through diversification

  • Arbitrage within and between asset classes to maximise risk/return

  • Derivatives used for hedging

This toolbox means we can react fast and maximise our ability to mitigate market reversals. This know-how is evident in the allocation offered by the Echiquier ARTY fund and in our customised solutions.

Asset allocation

The combination of our selection know-how and our strategic and tactical allocation for all risk profiles

Four key words:

Experience

Our management team benefits from expertise forged in the field.

Rigour

Our analysis is based on the economic and financial environment, as well as on the specific nature of your constraints and objectives.

Know-how

Equities, corporate bonds, convertible bonds or mutual funds, each investment vehicle is carefully selected in light of our knowledge of global markets.

Agility

We know how to react diligently and quickly adapt asset allocation.

Thematics

Social issues and deep trends in the global economy: our thematic solutions

Credit

LFDE's stock picking expertise applied to bonds

We invest in a wide range of bonds:

 
  • Corporate debt: hybrids, convertibles, senior secured and unsecured

  • Financial debt: Tier 1, Tier 2, CoCos, senior, etc.

We offer you a range of vehicles to invest in this asset class:

 
  • Echiquier Short Term Credit : selection of corporate paper and short-dated bonds mostly from corporate issuers

  • Echiquier Crédit Europe : invest in corporate and financial debt mainly in the euro zone, either investment grade or high yield

  • Echiquier Convexité Europe et Echiquier AltaRocca Hybrid Bonds : 2 complementary strategies to invest in European convertible bonds (see below).

  • Echiquier AltaRocca Hybrid Bonds : invest in perpetual or long-dated subordinated bonds, denominated in euros and issued by non-financial companies

Convertible bonds

Two complementary strategies, one shared feature: active conviction-based management drawing on fundamental analysis of companies.

Echiquier Altrarocca Convertibles Echiquier Convexite Europe
Management style Conservative approach/credit-driven analysis Search for convexity/equity-driven analysis
Benchmark Exane ECI Euro TR Exane ECI Europe TR
Investment universe “Pure” euro convertible bonds Listed European convertible bonds and options
Currency Euro All currencies/Currency hedging (including implicit)
Issue size Greater than €100 million No minimum size
High yield and non rated High yield < 20% of the fund Issuers not officially rated but benefiting internally from a rating based on an agency-type methodology (S&P) can represent up to 100% of the fund. No constraints
Interest rate hedging No Yes
Echiquier Altrarocca Convertibles
Conservative approach/credit-driven analysis
Echiquier Convexite Europe
Search for convexity/equity-driven analysis
Echiquier Altrarocca Convertibles
Exane ECI Euro TR
Echiquier Convexite Europe
Exane ECI Europe TR
Echiquier Altrarocca Convertibles
“Pure” euro convertible bonds
Echiquier Convexite Europe
Listed European convertible bonds and options
Echiquier Altrarocca Convertibles
Euro
Echiquier Convexite Europe
All currencies/Currency hedging (including implicit)
Echiquier Altrarocca Convertibles
Greater than €100 million
Echiquier Convexite Europe
No minimum size
Echiquier Altrarocca Convertibles
High yield < 20% of the fund Issuers not officially rated but benefiting internally from a rating based on an agency-type methodology (S&P) can represent up to 100% of the fund.
Echiquier Convexite Europe
No constraints
Echiquier Altrarocca Convertibles
No
Echiquier Convexite Europe
Yes

ESG integration

To exercise our responsibility towards companies and our investors

All of our actively managed funds integrate the analysis of ESG (Environmental, Social and Governance) criteria. We are actively working to progressively align the practices of the entire management team with those implemented within the framework of Socially Responsible Investment funds.

Thus, in addition to carrying out this detailed work of ESG analysis of companies with the same rigour, we strive to exclude from our portfolios all sectors involving the production of tobacco, thermal coal and controversial armaments. We are also vigilant about controversies that may affect the companies in the portfolio. Our Ethics Committee’s purpose is to discuss and rule on the most sensitive cases of controversy.