Mandarine Unique is celebrating its 5th anniversary !
The Mandarine Unique European Small & Mid Cap fund is celebrating its 5th anniversary with a track record of performance that has led it to obtain a 5-star rating from Morningstar and the no. 1 ranking in its category over five years (out of 87 funds, Morningstar Europe Mid-Cap Equity category).
Managed by a 100% female team made up of Diane Bruno, Marie-Jeanne Missoffe and Marie Guigou, the fund has posted a performance of +136% since its creation in March 2010 with annualised volatility since inception of 15.8% (vs. a performance of +85% and volatility of 18.5% for its benchmark index, the Stoxx Europe Small 200 dividends reinvested).
The fact that the fund has outperformed its benchmark index in every calendar year since its creation in association with volatility lower than the market has enabled the fund to enjoy substantial inflows and reach €400m in assets under management with subscriptions from institutional clients and through distributors, including from international clients (nearly 50% of assets under management), with whom the fund has become a spearhead of development for Mandarine Gestion.
A highly favourable context
Boosted by the “triple shock” at the beginning of the year (the fall in oil prices, the drop in the euro and the low interest rate environment), the small & mid caps universe is benefiting from a European economy that appears to have found the path to renewed growth.
According to Diane Bruno, the manager of the Mandarine Unique fund, “this is a good time to invest in small & mid caps, as these stocks tend to outperform large caps in phases of economic recovery. In effect, these stocks offer greater exposure to the cyclical portion of the market, such as the Industry sector. Additionally, from a fundamental point of view, the small & mid caps sector offers a high concentration of leading companies on niche growth markets that have come out reinforced from the economic difficulties. Finally, the valuation premium compared to the large caps remains much lower than its historical average. 2015 consequently offers a highly attractive combination of favourable timing and good fundamentals.”