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
Flexible equity fund
Equity long/short. Stock picking takes a bottom-up approach, i.e., based on direct knowledge of the individual companies
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
Deliver positive absolute returns
Highest risk indicator in the Sub-fund. For details of the individual classes, please refer to the KID