PERFORMANCE DES FONDS

DIGITAL STARS EUROPE

Inception date : 13/11/98

DIGITAL STARS EUROPE EX UK

Inception date : 30/06/06

DIGITAL STARS EUROPE SMALLER COMPANIES

Inception date : 16/12/16

DIGITAL STARS US EQUITIES

Inception date : 16/10/17

DIGITAL STARS EUROZONE

Inception date : 01/10/18
 

DIGITAL STARS EUROPE

Monthly update March 2021March saw the equity markets continuing their upward trend (MSCI Europe NR +6.5%, S&P 500 NR +4.0%), the entire impact of the Covid crisis on the European indices has been erased, while in the US the S&P 500 index is recording new highs. The economic recovery will be strong. Earnings publications surprise positively and our European Economic Momentum indicator is at a 3-year high. The market seems to be confident in the effectiveness of the vaccines and the 3rd wave of the pandemic severely affecting an unvaccinated Europe is nothing but a small delay Central banks will remain accommodating for as long as necessary. Moreover, the stimulus plans will be massive, and consumption will be stimulated by abundant savings. Despite the rise in indices, valuation remains relatively healthy, especially in Europe where the risk premium is 5.6% above its 20-year average of 5.0%. In the US, it is at 3.0%, its historical average. The Digital Funds continued to grow in March and performed in line with their benchmarks. Following on from the end of February, the first few days of March saw profit-taking on “growth” stocks, which were affected by rising interest rates. The Internet retail sector and semiconductors suffered particularly badly... before recovering during the rest of the month. Performance was then driven by the technology sector (ASM, ASML, Besi, Softcat, Qt Group), online gaming (Evolution Gaming, Kindred, Gamesys), logistics stocks (PostNL, Royal Mail) and shipping (MPC Container Ships, Kuehne+Nagel). The cyclical bias of the funds leads to an ex-ante beta of 1.1, which explains the slight amplification of market movements. The monthly performance of Digital Stars Europe Acc is +6.2%, compared to +6.5% for the MSCI Europe NR.

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Objectives

The objective of the sub-fund is to generate long-term capital appreciation and outperform the European markets as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify the “star” performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes around 1,700 stocks from the European Union, the United Kingdom, Switzerland and Norway with capitalizations exceeding 100 million euros. The sub-fund may invest up to 50% of its net assets in large cap stocks belonging to the Stoxx 50.

DIGITAL STARS EUROPE EX-UK

Monthly update March 2021
March saw the equity markets continuing their upward trend (MSCI Europe NR +6.5%, S&P 500 NR +4.0%), the entire impact of the Covid crisis on the European indices has been erased, while in the US the S&P 500 index is recording new highs. The economic recovery will be strong. Earnings publications surprise positively and our European Economic Momentum indicator is at a 3-year high. The market seems to be confident in the effectiveness of the vaccines and the 3rd wave of the pandemic severely affecting an unvaccinated Europe is nothing but a small delay Central banks will remain accommodating for as long as necessary. Moreover, the stimulus plans will be massive, and consumption will be stimulated by abundant savings. Despite the rise in indices, valuation remains relatively healthy, especially in Europe where the risk premium is 5.6% above its 20-year average of 5.0%. In the US, it is at 3.0%, its historical average. The Digital Funds continued to grow in March and performed in line with their benchmarks. Following on from the end of February, the first few days of March saw profit-taking on “growth” stocks, which were affected by rising interest rates. The Internet retail sector and semiconductors suffered particularly badly... before recovering during the rest of the month. Performance was then driven by the technology sector (ASM, ASML, Besi, Qt Group), online gaming (Evolution Gaming, Kindred), logistics stocks (PostNL) and shipping (Kuehne+Nagel). The cyclical bias of the funds leads to an ex-ante beta of 1.1, which explains the slight amplification of market movements. Digital Stars Europe Ex-UK Acc ended March at +6.2% compared to +6.6% for the MSCI Europe ex UK NR.

Read the monthly report in PDF format

Objectifs

The objective of the sub-fund is to generate long-term capital appreciation and outperform the European markets (excluding the United Kingdom) as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify the “star” performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes around 1,300 stocks from the European Union (excluding the United Kingdom), Switzerland and Norway, with capitalization exceeding 100 million euros. The sub-fund may invest up to 50% of its net assets in large capitalization securities belonging to the Euro Stoxx 50.

DIGITAL STARS EUROPE SMALLER COMPANIES

Monthly update March 2021March saw the equity market continuing its upward trend (MSCI Europe NR +6.5%), the entire impact of the Covid crisis on the European indices has been erased, while in the US the S&P 500 index is recording new highs. The economic recovery will be strong. Earnings publications surprise positively and our European Economic Momentum indicator is at a 3-year high. The market seems to be confident in the effectiveness of the vaccines and the 3rd wave of the pandemic severely affecting an unvaccinated Europe is nothing but a small delay Central banks will remain accommodating for as long as necessary. Moreover, the stimulus plans will be massive, and consumption will be stimulated by abundant savings. Despite the rise in indices, valuation remains relatively healthy in Europe where the risk premium is 5.6% above its 20-year average of 5.0%. Digital Stars Europe Smaller Companies Acc rose by +4.4% in March, slightly behind the MSCI Europe Small Cap NR (+5.1%). Technology weighed negatively on performance: after a difficult start to the month for the sector as a whole, the recovery in semiconductors was not enough to turn the tide. Industrials shone, particularly in freight (John Menzies, NTG) and logistics (PostNL, Royal Mail). The UK also performed well (CMC Markets, Tremor, Kin and Carta), boosted by the strength of the pound.

Read the monthly report in PDF

Objectives

The objective of the sub-fund is to generate long-term capital appreciation and outperform the European small-cap markets by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify the “star” performers.

Fund Profile

An extremely well diversified portfolio, invested in small and mid caps in a purely quantitative style. Its investment universe includes around 1,500 stocks from the European Union, the United Kingdom, Switzerland and Norway, whose capitalization exceeds 50 million euros and does not exceed the largest capitalization of the MSCI Europe index. Small Cap.

DIGITAL STARS US EQUITIES

Monthly update March 2021March saw the equity market continuing its upward trend in the US, with the S&P 500 index recording new highs (S&P 500 NR +4.3%). A strong economic recovery is already materialising. Earnings publications surprise positively and our American Economic Momentum indicator is improving. The market seems to be confident in the effectiveness of the vaccines and the 3rd wave of the pandemic is nothing but a small delay Central banks will remain accommodating for as long as necessary. Moreover, the stimulus plans will be massive, and consumption will be stimulated by abundant savings. Despite the rise in indices, valuation remains relatively healthy with a risk premium at 3.0%, its 20-year historical average. Digital Stars US Equities Acc USD finished up +4.0% this month, slightly behind the S&P 500 NR at +4.3%, but ahead of the Russell 2000 NR at +1.0%. The financial sector was the big winner this month, particularly in banking (Live Oak Bank, Silvergate Capital, Pacific Premier) and mortgages (PennyMac, MrCooper). Technology, the best contributor since the beginning of the year, suffered a setback this month, both in software (Agilysys, Trade Desk) and semiconductors (Alpha and Omega Semiconductor).  

Read the monthly report in PDF format

Objectifs

The objective of the sub-fund is to generate long-term capital appreciation and outperform the American markets as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify “star” performers.

Profil du fonds

323 / 5000 Résultats de traduction An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes approximately 2,700 stocks from the US market, with a capitalization exceeding $ 100 million, and monitored by a minimum of 3 financial analysts.

DIGITAL STARS EUROZONE

Monthly update March 2021March saw the equity markets continuing their upward trend (MSCI Europe NR +6.5%, S&P 500 NR +4.0%), the entire impact of the Covid crisis on the European indices has been erased, while in the US the S&P 500 index is recording new highs. The economic recovery will be strong. Earnings publications surprise positively and our European Economic Momentum indicator is at a 3-year high. The market seems to be confident in the effectiveness of the vaccines and the 3rd wave of the pandemic severely affecting an unvaccinated Europe is nothing but a small delay Central banks will remain accommodating for as long as necessary. Moreover, the stimulus plans will be massive, and consumption will be stimulated by abundant savings. Despite the rise in indices, valuation remains relatively healthy, especially in Europe where the risk premium is 5.6% above its 20-year average of 5.0%. In the US, it is at 3.0%, its historical average. The Digital Stars Eurozone fund continued to grow in March, performing slightly worse its benchmark. Following on from the end of February, the first few days of March saw profit-taking in growth stocks, which were affected by rising interest rates. The internet distribution sector and semi-conductors suffered particularly badly...before recovering during the month. Performance was then driven by technology (Qt Group, BE Semiconductor Industries, ASM International), logistics (PostNL), and consumer discretionary (Unieuro, De'Longhi). Digital Stars Eurozone Acc achieved +4.1% in March, behind the MSCI EMU NR +6.6%.

Read the monthly report in PDF format

Objectives

The objective of the sub-fund is to generate long-term capital appreciation and outperform the Eurozone markets as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify the top "stars" performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes Eurozone market stocks, whose capitalization exceeds $ 100 million, and monitored by a minimum of 3 financial analysts.