NARVAL EUROPA
A unique fund in an ocean of investments
Every investor has their own investment objectives, but they all have the same goal of protecting their wealth and increasing their equity.
Our equity fund aims to grow its investors’ capital at a faster rate than the stock markets over the long term. We invest in leading European multinational companies to benefit from global growth and development. We seek value in great companies. Regardless of the sector in which they operate, Narval Europe invests in companies with a strong culture of innovation so that, as long-term investors, we place our capital in companies capable of creating their own future.
Benefit from long-term strategies with Miralta Narval Europe. Outperform the indices with maximum risk containment.
CLASE A
PERFORMANCE ↓
21.39 %Since inception
133.813363€
Net asset value* as at2023-12-06
-0.34%
Daily valuation
- YTD
- 2022
- 2021
- 2020
- 2019
- 2018
- 16.69%
- -11.29%
- 12.70%
- 16.73%
- 8.12%
- -11.27%
DETAILS OF THE FUND ↓
EVOLUTION OF THE NET ASSET VALUE
HISTORIC class A FUND – Data as at close of business 30/11/2023. Source: Miraltabank.
From 23/12/2022: Change in Class A management fees (1.20%/9% success) and change in benchmark index to MSCI Europe.
From 02/11/2020: Class A data valid until 23/12/22 with management fee of 1.60%, and benchmark Stoxx600 TR.
Before 02/11/2020: Class A data valid until 02/11/20 with management fee of 1.10% and Stoxx600 TR benchmark”
Managers’ comments
Risk appetite has returned with a vengeance during the month of November as not only the end of the upward cycle but also the beginning of the downward cycle is discounted, as inflation is gradually converging with the central bank’s target.
The fund gained around 6% over the month, on a par with its benchmark, despite the underweight we maintained. We have increased exposure to the mining sector, including companies such as Abermale and Sociedad Química y Minera de Chile, which give us exposure to the lithium market, and to the banking and defense sectors. We have also significantly increased exposure to the yen, given the underperformance it is having compared to long rates.
We expect the BoJ to announce the end of its negative rate policy in the coming weeks, which should give a strong boost to the Japanese currency.
GENERAL DETAILS
- CNMV Registration No
- ISIN Code
- Launched on
- Currency
- Type of assets
- Benchmark index
- Management fee
- Deposit fee
- Minimum investment
- Auditor
- 5200
- ES0173367048
- 22/11/2020
- Euro
- Monetario, renta variable, gestión
- STOXX Europe 600 Net Return
- 1,20% / 9% éxito
- 0,10% /0,075%
- 100 €
- Deloitte
CLASS A DETAILS
- Net asset value* as at 2023-12-06
- Variation of the net asset value as at 2023-12-06
- Fund assets as at 2023-12-06
- BASIC RETURNS
- 1 day
- YTD
- 1 month
- Since inception
- 133.813363€
- -0.34%
- 7,627,644.87€
- -0.34%
- 16.69%
- 0.38%
- 21.39%
Documentation
(*): The net asset value and other informative documents of the funds available on this website are published in compliance with article 18.2 of the Law on Collective Investment Undertakings under the responsibility of Miralta Asset Management SGIIC, S.A.U., which is responsible for updating and maintaining them.
Data as at EOB 30/11/2023. Source: Miraltabank. The return expressed above is net of fees and expenses. Past performance is not indicative or a guarantee of future returns.
Track record Narwhal ↓
European Large Cap Equity Fund
• Rating 5 stars in category: EV Europa Large Blend February 2023
• Rating 5 stars in category: EV Europa Large Blend January 2023
• 5-star rating in category: EV Europa Large Blend during 2022
Our pillars ↓
• Financial Method
• Sustainable Investment
• Active Management
MORE INFORMATION ↓
Personal information
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