A DUAL APPROACH TO INVESTMENT TO GUARANTEE LONG-TERM PERFORMANCE AND OPTIMAL RESPONSIVENESS TO MARKET OPPORTUNITIES

Our investment process is, above all, in keeping with our raison d'être: independence and expertise at the service of your investments. Above all, it is based on a dual approach: top-down and bottom-up, which allows us to optimize the performance of our UCIs.

Our top-down approach covers macroeconomic research. It makes it possible to establish the main axes of the investment strategy, in particular, the type of sectors or geographies to be favoured, the acceptable duration risk, the orders of magnitude of the returns to be sought, the market hedges to be put in place work. It also makes it possible to highlight certain risks or uncertainties to be integrated into day-to-day management.

Our bottom-up approach essentially encompasses, on the one hand, fundamental and prospective analysis of the credit quality of companies and, on the other, our very detailed knowledge of the bond markets. We derive our investment universe and the types of products that we wish to favour.

MACRO-ECONOMIC RESEARCH

Our macroeconomic analysis is proprietary and independent.

It is provided by Catherine Huguel (PhD in Economics, analyst and member of the National Association for Business Economics – NABE in the United States) and Valérie Rizk (Economist graduated from HEC Paris). In particular, they follow the economies of the United States and the Euro Zone and are responsible for interest rate forecasts for the major economic zones in which we are invested (primarily the Euro Zone, but also the United States , UK, Japan). Our interest rate forecasts are published every six months in our Investment Strategy document, which is drafted jointly by economists and the management team. Finally, the work of economists serves as the basis for asset allocation.

FUNDAMENTAL ANALYSIS OF ISSUERS

The corporate culture is strong at Hugau Gestion.

We carry out our credit analyzes internally in order to establish the universe of issuers eligible for our funds. As such, we have set up our own internal credit rating procedure in accordance with the terms of the CRA Directive and the European Regulation on money market funds. Overall, we favor European issuers of good credit quality (investment grade ratings).

TRADING OF SECURITIES ON THE MARKETS

Once the investment universe has been defined, the selection of bonds (types, maturities, currencies – mainly the Euro but others are possible and fully covered when authorized by the KIID of the UCI) and the constitution of wallets can start.

Line assembly is carried out by our two managers. It is a real work of "grocery" to succeed in constituting important lines. Our size and our "boutique" aspect are an asset allowing us to select smaller stocks than those of our large group competitors (who are mainly positioned on banking and sovereign stocks). Our portfolios are therefore more diversified and often offer better returns.

60, rue Saint-Lazare
75009 Paris
Phone: +33 1 78 09 83 20
EN
Disclaimer for Professional/Semi-professional investors

This section of the website provides information on funds which are registered for marketing to professional investors in Germany. Access to this section of the website is reserved for professional and semi-professional investors in Germany.

The funds presented on this section of the website may not be available to persons subject to another jurisdiction by virtue of their nationality, their place of residence, or any other reason. See the Terms and conditions.

The user is solely responsible for correctly indicating his/her country, categorisation, and language before accessing sections of this website with information relating to funds, in accordance with the Terms and conditions.

The website is provided for information purposes only. No part of this website constitutes an offer or solicitation to invest in funds managed by Hugau Gestion. See the Terms and conditions.

Prospective investors should be aware that past performance is no indication of future returns. All investment entails risk. Prospective investors should refer to the prospectus, the Key Investor Information Document (KIID), the most recent annual report and semi-annual report, if this is more recent.

Prospective investors should generally seek professional advice before making an investment decision. See the Terms and conditions. Hugau Gestion will not accept any kind of liability for any loss or damage resulting from the use of this webiste, in accordance with the Terms and conditions.

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Disclaimer for Private investors in Germany

This section of the website provides information on funds which are registered for marketing to private investors (“non-professional investors”) in Germany. Access to this section of the website is reserved for non-professional investors in Germany.

The funds presented on this section of the website may not be available to persons subject to another jurisdiction by virtue of their nationality, their place of residence, or any other reason. See the Terms and conditions.

The user is solely responsible for correctly indicating his/her country, categorisation, and language before accessing sections of this website with information relating to funds, in accordance with the Terms and conditions.

The website is provided for information purposes only. No part of this website constitutes an offer or solicitation to invest in funds managed by Hugau Gestion. See the Terms and conditions.

Prospective investors should be aware that past performance is no indication of future returns. All investment entails risk.

Prospective investors should refer to the prospectus, the Key Investor Information Document (KIID), the most recent annual report and semi-annual report, if this is more recent. Prospective investors should generally seek professional advice before making an investment decision. See the Terms and conditions.

Hugau Gestion will not accepts any kind of liability for any loss or damage resulting from the use of this webiste, in accordance with the Terms and conditions.

I hereby declare that:
You must select the below checkbox
I am a non-professional investor in Germany
and I am familiar with and accept in full this disclaimer as well as the Terms and Conditions and the Privacy Policy.
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