Euro Value Stars
As a European equity fund, MainFirst Euro Value Stars invests in eurozone companies with sound fundamentals that are clearly undervalued (hidden champions), but stand out thanks to their management and solid business models. The aim is to achieve long-term capital growth while maintaining an appropriate level of risk diversification.Learn more
MainFirst – Euro Value Stars
More about the fund
This equity fund invests in eurozone companies that the fund management team believes to be trading at a sizeable discount to their intrinsic value. The team selects companies with sound fundamentals, solid business models and strong management. The equity fund combines a broad range of value-oriented strategies, including conventional value-oriented investment, an event-driven and a contrarian approach. The strategy also includes companies with substantial valuation discounts relative to their peers (deep value).
MainFirst Euro Value Stars pursues a value investing approach. This means that the fund management team invests primarily in undervalued companies with a solid business model and management that focuses on sustainability. What is important: There has to be a real chance of revaluation in order to generate a reasonable return. The process involved in selecting suitable companies takes both qualitative and quantitative factors into account. MainFirst Euro Value Stars invests in companies that are currently undervalued, the aim being to achieve capital growth in the medium to long term.
MainFirst is committed to the Principles for Responsible Investment (UNPRI) for all investments.
ESG risk analysis
For us, sustainable investing means incorporating ESG risks as a key aspect of the investment process into our investment decisions. During this process, the companies in the MainFirst Euro Value Stars are also checked for existing ESG risks using the database of the external rating agency Sustainalytics. This is primarily a qualitative process.
We engage in an active dialogue with the representatives of the companies in our portfolio positions. This facilitates a constructively critical exchange on strategic and sustainability-oriented topics. Through this commitment, we aim to achieve an improvement in the ESG profile at company level. Companies with serious risks ("Severe Risk") are assessed separately and their management is approached individually to remedy and improve the relevant issues. For us, this also includes actively exercising voting rights and carrying out regular performance reviews.
SECTOR EXCLUSIONs (PRODUcT ENGAGEMENT)
In addition, the fund management team wants to make the world a better place by actively investing sustainably. Therefore, we strengthen the sustainability approach of the MainFirst Euro Value Stars by excluding other sectors:
Energy & Environment:
Defence & Military:
The exclusion of companies that do not meet the criteria of human rights, labour rights, environment or anti-corruption according to the Global Standards of the UN Global Compact is also a basic requirement of the investment.
The European SRI Transparency logo signifies that the MainFirst Affiliated Fund Managers (Deutschland) GmbH commits to provide accurate, adequate and timely information to enable stakeholders, in particular consumers, to understand the Socially Responsible Investment (SRI) policies and practices relating to the fund. Detailed information about the European SRI Transparency Guidelines can be found on www.eurosif.org. The Transparency Guidelines are managed by Eurosif, an independent organisation. The European SRI Transparency Logo reflects the fund manager’s commitment as detailed above and should not be taken as an endorsement of any particular company, organisation or individual.
The current European Transparency Code of the fund can be found here.