Choisissez un pays pour afficher le contenu spécifique à votre localisation :
Avertissement
Prenez connaissance de l'avertissement légal

YOUR USE OF THIS WEBSITE REQUIRES FULL ACCEPTANCE WITHOUT RESERVATION ON YOUR PART OF THE CONDITIONS OUTLINED BELOW. IF YOU DO NOT ACCEPT THESE CONDITIONS, DO NOT ACCESS THE WEB SITE OR ANY OF ITS PAGES.

Important Information

The content of this website is intended to Professional Investors. If you are a Private Investor, you should ensure to select the correct investor category when you enter this site, as failure to do so may result in you accessing material about investment funds and investment services which may not be suitable for you and/or may not be available for you to invest in.

Limited access

The information provided herein is also intended for Users in territories where it is permissible for Users to access information. This website may indeed contain information about funds established in different jurisdictions and/or investment services offered too. Please consult the specific sections and material to obtain more information. Users are responsible for ascertaining they are legally authorized to consult the information herein and should therefore ensure the investor category chosen to enter this website is correct.

Use of Cookies

Cookies help us collect data about you and how you use our website. For example, we are interested in knowing which internet browser is used, how long you visited the website and which pages you looked at. Information gathered are used to understand how we can improve the design and functionality of our website to better serve you in future. However, if you wish to restrict the cookies set by us or by any third-party sites, you may generally disable cookies in your internet browser. Your browser help function should let you know how to do this. Please keep in mind that restricting cookies may impact your experience and the functionality on this website.

The Interactive Advertising Bureau has produced a guide which explains how cookies work and how they are managed. Please visit www.allaboutcookies.org to read more on this subject.

OYSTER

The data and information featured on this website are provided free of charge and solely for information purposes. The information contained herein constitutes neither an offer to purchase nor a solicitation to sell and may not be construed as an investment recommendation on the part of iM Global Partner Asset Management or other entities of the group iM Global Partner, its affiliates, managers, officers, or employees (hereafter « iMGP ») and has no legal or contractual value. Furthermore, any reference to a specific security in any published material is included by way of illustrative example and should not be construed as a recommendation to purchase, hold or sell such a security nor does it in any manner constitute the provision of investment advice in relation to same. OYSTER ( hereafter « OYSTER », « OYSTER Funds » or « Fund ») has not taken any measures to adapt to each individual investor who remains responsible for his own independent decisions. Any investment in the funds presented on the website must be made in conformity with the related legal documentation in force (prospectus, key investor information documents), as approved, where applicable, by the regulatory authority in your country. Oyster is an open-ended umbrella investment company established and regulated in Luxembourg. OYSTER is not open to citizens or residents of the USA or to any other party deemed to be a US person. OYSTER’s current prospectus, key investor information document, by-laws and the annual and, if any subsequent, the semi-annual reports of the Fund can be obtained on this website or from the OYSTER offices at 5, Allée Scheffer, L-2520 Luxembourg or from the Agents and Representatives listed on this website for the specific

jurisdictions where OYSTER is registered. Investors are advised that they should consult the Prospectus before seeking to subscribe and for further details on the risks involved. Moreover, investors are also advised to consult their legal, financial or tax advisors before taking any investment decisions.

Investors are reminded that past performance is not an indicator of future returns, nor does it guarantee future profits, and that they risk, in some cases, losing all or part of the amount initially invested. An investment may increase or decrease by virtue, in particular, of market fluctuations and exchange rate variations in the currency in which the Sub-fund is invested where this differs from the currency of the shareholder.

Disclosure in respect of iM Global Partner Asset Management

Any reference to iM Global Partner Asset Management (« iMGP AM ») or iM Global Partner (« iMGP ») in the material published on this website should be construed as being a reference to one or more of the legal entities, listed below, dependent on the particular jurisdiction in which it is being accessed.

iMGP AM is the Luxembourg management company of OYSTER.

iMGP is a French regulated entity which represents and distributes OYSTER that have been registered in France having branches in Italy, Spain, Germany and also subsidiaries in Switzerland and in the UK for that purpose. iMGP AM is also a subsidiary of iMGP.

Use of links

This website may direct you to automatic links to other websites. Use of these links is made at your own risk. iMGP and the Fund will not have developed, verified the accuracy or scrutinised the data contained in the aforementioned links. iMGP and the Fund may not be held responsible for damage or losses caused by delays, defects or omissions that may exist in the real, indicated or indirect services, information or other content provided on this site. iMGP and the Fund give no guarantee, makes no declaration and will not be held responsible for any content transmitted by electronic means to a third party, including the accuracy, subject, quality or the appropriate character of said content.

Copyrights and Trademarks

The entire content of this website is subject to copyright with all rights reserved to iMGP and the Fund. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of iMGP.

By clicking on the « Accept » button, you expressly acknowledge that you have read the aforementioned and that you are authorized by the applicable law to access this website.

YOUR USE OF THIS WEBSITE REQUIRES FULL ACCEPTANCE WITHOUT RESERVATION ON YOUR PART OF THE CONDITIONS OUTLINED BELOW. IF YOU DO NOT ACCEPT THESE CONDITIONS, DO NOT ACCESS THE WEB SITE OR ANY OF ITS PAGES.

Important Information

The content of this website is intended to Professional Investors. If you are a Private Investor, you should ensure to select the correct investor category when you enter this site, as failure to do so may result in you accessing material about investment funds and investment services which may not be suitable for you and/or may not be available for you to invest in.

Limited access

The information provided herein is also intended for Users in territories where it is permissible for Users to access information. This website may indeed contain information about funds established in different jurisdictions and/or investment services offered too. Please consult the specific sections and material to obtain more information. Users are responsible for ascertaining they are legally authorized to consult the information herein and should therefore ensure the investor category chosen to enter this website is correct.

Use of Cookies

Cookies help us collect data about you and how you use our website. For example, we are interested in knowing which internet browser is used, how long you visited the website and which pages you looked at. Information gathered are used to understand how we can improve the design and functionality of our website to better serve you in future. However, if you wish to restrict the cookies set by us or by any third-party sites, you may generally disable cookies in your internet browser. Your browser help function should let you know how to do this. Please keep in mind that restricting cookies may impact your experience and the functionality on this website.

The Interactive Advertising Bureau has produced a guide which explains how cookies work and how they are managed. Please visit www.allaboutcookies.org to read more on this subject.

OYSTER

The data and information featured on this website are provided free of charge and solely for information purposes. The information contained herein constitutes neither an offer to purchase nor a solicitation to sell and may not be construed as an investment recommendation on the part of iM Global Partner Asset Management or other entities of the group iM Global Partner, its affiliates, managers, officers, or employees (hereafter « iMGP ») and has no legal or contractual value. Furthermore, any reference to a specific security in any published material is included by way of illustrative example and should not be construed as a recommendation to purchase, hold or sell such a security nor does it in any manner constitute the provision of investment advice in relation to same. OYSTER ( hereafter « OYSTER », « OYSTER Funds » or « Fund ») has not taken any measures to adapt to each individual investor who remains responsible for his own independent decisions. Any investment in the funds presented on the website must be made in conformity with the related legal documentation in force (prospectus, key investor information documents), as approved, where applicable, by the regulatory authority in your country. Oyster is an open-ended umbrella investment company established and regulated in Luxembourg. OYSTER is not open to citizens or residents of the USA or to any other party deemed to be a US person. OYSTER’s current prospectus, key investor information document, by-laws and the annual and, if any subsequent, the semi-annual reports of the Fund can be obtained on this website or from the OYSTER offices at 5, Allée Scheffer, L-2520 Luxembourg or from the Agents and Representatives listed on this website for the specific

jurisdictions where OYSTER is registered. Investors are advised that they should consult the Prospectus before seeking to subscribe and for further details on the risks involved. Moreover, investors are also advised to consult their legal, financial or tax advisors before taking any investment decisions.

Investors are reminded that past performance is not an indicator of future returns, nor does it guarantee future profits, and that they risk, in some cases, losing all or part of the amount initially invested. An investment may increase or decrease by virtue, in particular, of market fluctuations and exchange rate variations in the currency in which the Sub-fund is invested where this differs from the currency of the shareholder.

Disclosure in respect of iM Global Partner Asset Management

Any reference to iM Global Partner Asset Management (« iMGP AM ») or iM Global Partner (« iMGP ») in the material published on this website should be construed as being a reference to one or more of the legal entities, listed below, dependent on the particular jurisdiction in which it is being accessed.

iMGP AM is the Luxembourg management company of OYSTER.

iMGP is a French regulated entity which represents and distributes OYSTER that have been registered in France having branches in Italy, Spain, Germany and also subsidiaries in Switzerland and in the UK for that purpose. iMGP AM is also a subsidiary of iMGP.

Use of links

This website may direct you to automatic links to other websites. Use of these links is made at your own risk. iMGP and the Fund will not have developed, verified the accuracy or scrutinised the data contained in the aforementioned links. iMGP and the Fund may not be held responsible for damage or losses caused by delays, defects or omissions that may exist in the real, indicated or indirect services, information or other content provided on this site. iMGP and the Fund give no guarantee, makes no declaration and will not be held responsible for any content transmitted by electronic means to a third party, including the accuracy, subject, quality or the appropriate character of said content.

Copyrights and Trademarks

The entire content of this website is subject to copyright with all rights reserved to iMGP and the Fund. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of iMGP.

By clicking on the « Accept » button, you expressly acknowledge that you have read the aforementioned and that you are authorized by the applicable law to access this website.

Retour

OYSTER
Sustainable Europe

Louis Larere
Co-responsable des stratégies ISR, Zadig Asset Management

Investissement responsable à prix raisonnable (SARP)

En quoi l'approche de Zadig en matière d'investissement durable est-elle si différente de celle de ses contemporains ? Matthieu Beyler d'iM Global Partner interroge Louis Larère, co-gérant du fonds OYSTER Sustainable Europe, sur l'approche d'investissement de l'équipe.

MB : Qu’est-ce qui distingue votre approche sur l’investissement durable ?

LL : Notre approche est née début 2019, avec comme devise "Sustainability at a Reasonable Price" (SARP), ou "investissement responsable à un prix raisonnable". Nous avons voulu nous différencier des acteurs historiques de l’ISR par une approche concentrée sur nos plus fortes convictions tout en diversifiant les styles d’investissement. Nous sommes convaincus qu’il existe des investissements ISR intéressants hors des secteurs de croissance du marché. De nombreuses entreprises plus cycliques ou ‘value’ ont tendance à être délaissées par les investisseurs ISR. Nous construisons un portefeuille équilibré de leaders du développement durable et d'entreprises en transition. Ces entreprises sont sous-valorisées a et donc accessibles à des niveaux de multiples intéressants. Cela nous permet ainsi de surperformer le marché tout en conservant une forte exposition aux Objectifs de Développement Durable des Nations-Unies.

Matthieu Beyler,
Director Distribution France & Luxembourg

Pourquoi le fonds est-il si concentré (avec 25 titres en moyenne) ?

La concentration est le résultat de nos convictions, nous pensons simplement qu’il est difficilement crédible d’avoir 100 bonnes idées d’investissements ! Moins on est concentré, plus on ressemble à un indice… La concentration n’est pas l’ennemi de la diversification et de la gestion des risques. Nous faisons attention à investir dans des titres différents les uns des autres, et connaissons parfaitement chaque ligne du portefeuille ; cette approche de gestion concentrée et de gestion des risques est employée avec succès depuis 15 ans chez Zadig.

Moins on est concentré, plus on ressemble à un indice…

Quel est le positionnement du portefeuille en termes de style d'investissement?

Nous cherchons à être le plus équilibré possible en termes d’exposition aux différents styles du marché : value, croissance, momentum, etc. Nous sommes sur ce point très différents des fonds ISR qui ont généralement des biais assez marqués vers les entreprises de croissance, ce qui a d’ailleurs contribué aux bonnes performances de l’ISR depuis quelques années.
Depuis les annonces de l’efficacité du vaccin Pfizer le 9 Novembre 2020, le fonds s’est très bien comporté, notamment grâce à nos investissements plus cycliques, et est en hausse de 17.9%, en ligne avec le marché Européen, contre une hausse de 15% pour le MSCI SRI Europe.

La transparence est devenue un sujet clé de l’ISR, quelle est votre méthodologie ?

Conscients des nombreux débats sur les notations ESG, des désaccords fréquents entre les différentes agences de notation et de l’opacité des processus, nous avons pris le parti du pragmatisme en anticipant les changements de classification Européenne. Pour l'instant, les agences de notation ne viseront que la « green share » des activités d’une entreprise. Cependant, nous retenons une approche plus large en calculant un pourcentage d’exposition de l'entreprise aux Objectifs de Développement Durable de l’ONU. L’environnement et le changement climatique sont évidemment inclus, mais aussi la santé, l’éducation, l’accès à l’information, etc. Le fonds est labellisé ISR depuis 2020 et se conformera aux exigences de transparence de l’article 9 de SFDR.

Nous avons pris le parti du pragmatisme en anticipant les changements de la classification Européenne

En savoir plus sur OYSTER Sustainable Europe

Philosophie d'investissement

En savoir +

Performances des fonds

Cliquez ici

Géré par

Fondée en 2005, Zadig Asset Management est une société de gestion Européenne (Londres, Luxembourg, France). Spécialiste des actions européennes « long-only » et « market neutral », la société met en œuvre une gestion de conviction, avec une approche fondamentale concentrée, agnostique en terme de style de gestion.

La société dispose de $2,5 milliards d’actifs à fin avril 2021

Visiter Zadig Asset Management

En savoir plus sur la gamme de fonds OYSTER

Contactez-nous