Montségur Opportunités aims to be an opportunist equity asset management portfolio, mostly French and European equity, susceptible to being taken over, having an interesting recovery situation or being a value. These shares are chosen outside of all criteria of membership to a specific market index, including small and mid caps.

Equity portfolio key points

1- Shares

The assets are invested at 75% of European listed companies. The portfolio particularly favours French shares with strong revaluation potential, even through a certain time-lag may occur with the markets.

Certain forward financial instruments may be used in order to hedge the portfolio against a risk of a fall in the equity market as well as reducing volatility.

2- Money Market Products

This reserve of cash allows to step into markets to initaite or to defend an investment, as well as meeting eventual client buybacks. The Fund uses monetary mutual funds and short term treasury bonds (State or Private), as long as they at least rate BBB.

Characteristics

• Code ISIN : FR0010109157
• Pricing frequency : daily, except public holidays
• Initial net asset value : 100 €
• Minimum subscription amount : one thousandth
• Release date : 03/09/2004
• Depositary : CM-CIC SECURITIES
• Conditions of subscriptions and redemptions : The subscriptions and redemption orders are centralised through CM-CIC Securities until 11:00am and are executed on the closing price.
• Classification : French Equities
• Taxation System : The Fund is eligible for Saving Equity Plan (PEA).