KIS European Long/Short

KIS European Long/Short

KIS European Long/Short is a flexible equity fund that invests in the European market with a focus on stocks with favorable business prospects in the medium to long term and in the global market opportunistically while offering a sufficient level of diversification.

The portfolio is constructed with a long/short approach which combines bottom-up, top-down analysis and trading activity using financial derivative instruments.

The investment universe is European (about 1,200 names), the securities are selected or excluded on the basis of qualitative criteria up to the reference universe made up of approximately 200 securities, according to ESG logic.

The investment process is based on in-depth fundamental, technical and informational analysis aimed at selecting the best opportunities, assessing the potential specific risk/return and the macro context.

The strategy involves building long positions in European companies with good fundamentals with growing trends and short positions in European companies with declining business models, inefficient capital allocators, unsustainable balance sheets and aggressive accounting.

Flexibility and timing in stock selection, experience and proven ability to take both long and short positions are key.

The objective of the management is the appreciation of the capital in the medium-long term against a medium level of risk.

Recording date May 2022

Identity card

  • Category

    Flexible equity fund

  • Management style

    Equity long/short. Stock picking takes a bottom-up approach, i.e., based on direct knowledge of the individual companies

  • Investment universe

    European medium and large cap equities. The portfolio is relatively concentrated on a maximum of 10-20 highly convincing investment ideas with both long and short positions in roughly 20–30 shares

  • Objective

    Deliver positive absolute returns

  • ESG Approach
    The Sub-Fund promotes environmental and social characteristics and, therefore, is subject to the disclosure obligation pursuant to art. 8 of Regulation (EU) 2019/2088. Further information is available at and in the prospectus.
  • Level of risk
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6
    • 7

    Highest risk indicator in the Sub-fund. For details of the individual classes, please refer to the KID

  • Factsheet