MainFirst –
Top European Ideas Fund
MainFirst Top European Ideas Fund is designed as a European equity fund. It invests in promising companies that are expected to generate earnings growth thanks to solid balance sheets, high levels of profitability and forward-looking management. The investment decision is based on an in-depth fundamental analysis – with no sector or country restrictions. The aim is to outperform the benchmark index in the long term thanks to a combination of active management and successful stock picking.
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MainFirst – Top European Ideas Fund
More about the fund
MainFirst Top European Ideas Fund invests in promising European companies. To qualify for selection, companies need to have solid balance sheets, high levels of profitability and far-sighted management. The investment decision is based on an in-depth fundamental analysis and a calculation of the company’s fair value. This can include both companies with large market capitalisation and small or mid-cap companies. Investments are made with no sector or country restrictions.
Extensive fundamental analyses are performed before the stocks are picked. The fund management team puts the company concerned and its management under the microscope and calculates the fair value of the stock. A flexible blend approach is adopted, i.e. long-term investments are made in core stocks in order to benefit from revaluations and the growth potential of undervalued companies, while at the same time taking the current economic situation into account in order to be able to act flexibly. Thanks to a combination of this active manage Top European Ideas Fund has almost consistently outperformed the MSCI Europe Net Total Return Index benchmark index since its launch.
The fund management team consists of Olgerd Eichler, Evy Bellet, Alexander Dominicus and Max Vogel.
Opportunities
- Flexible investment policy without benchmarking
- Equity funds: price increases based on market, sector and company developments
- Foreign exchange gains, if applicable
Risks
- Equity funds: price reductions based on market, sector and company developments
- Generally: country risk, solvency and/or credit risks of issuers and/or counterparties
- Use of derivative financial instruments, if applicable
- Foreign exchange risks, if applicable
- The share value may drop below the purchase price the customer paid for the share at any
time.
For detailed information on opportunities and risks, please refer to the current sales prospectus.
UNPRI
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 Top European Ideas Fund are also checked for existing ESG risks using the database of the external rating agency Sustainalytics. This is primarily a qualitative process.
active dialogue
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 Top European Ideas Fund by excluding other sectors:
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Environment:
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Health:
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Ethic:
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GLOBAL STANDARDS
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.
ESG LabelS 
Independent ESG labels provide clarity and act as a compass for investors when deciding on sustainable investment solutions. They are characterised by objective standards, credibility and transparency.
The "FNG label" as the quality standard for sustainable investment funds in German-speaking countries (Germany I Switzerland I Austria) was awarded to the fund.
FNG Sustainability Profile
The FNG Sustainability Profile provides an overview of the sustainability criteria used and other key data on the fund and serves as a guide for selecting sustainable retail funds. The FNG Sustainability Profile is based on the FNG-Matrix - a database for all information about sustainable mutual funds.
Legal notices
This is a marketing communication.
This marketing communication is for information purposes only and provides the addressee with guidance on our products, concepts and ideas. This does not form the basis for any purchase, sale, hedging, transfer or mortgaging of assets. None of the information contained herein constitutes an offer to buy or sell any financial instrument nor is it based on a consideration of the personal circumstances of the addressee. It is also not the result of an objective or independent analysis. MainFirst makes no express or implied warranty or representation as to the accuracy, completeness, suitability, or marketability of any information provided to the addressee in webinars, podcasts or newsletters. The addressee acknowledges that our products and concepts may be intended for different categories of investors. The criteria are based exclusively on the currently valid sales prospectus. This marketing communication is not intended for a specific group of addressees. Each addressee must therefore inform themselves individually and under their own responsibility about the relevant provisions of the currently valid sales documents, on the basis of which the purchase of shares is exclusively based. Neither the content provided nor our marketing communications constitute binding promises or guarantees of future results. No advisory relationship is established either by reading or listening to the content. All contents are for information purposes only and cannot replace professional and individual investment advice. The addressee has requested the newsletter, has registered for a webinar or podcast, or uses other digital marketing media on their own initiative and at their own risk. The addressee and participant accept that digital marketing formats are technically produced and made available to the participant by an external information provider that has no relationship with MainFirst. Access to and participation in digital marketing formats takes place via internet-based infrastructures. MainFirst accepts no liability for any interruptions, cancellations, disruptions, suspensions, non-fulfilment, or delays related to the provision of the digital marketing formats. The participant acknowledges and accepts that when participating in digital marketing formats, personal data can be viewed, recorded, and transmitted by the information provider. MainFirst is not liable for any breaches of data protection obligations by the information provider. Digital marketing formats may only be accessed and visited in countries in which their distribution and access is permitted by law.
For detailed information on the opportunities and risks associated with our products, please refer to the current sales prospectus. The statutory sales documents (sales prospectus, key information documents (PRIIPs-KIDs), semi-annual and annual reports), which provide detailed information on the purchase of units and the associated risks, form the sole authoritative and binding basis for the purchase of units. The aforementioned sales documents in German (as well as in unofficial translations in other languages) can be found at www.mainfirst.com and are available free of charge from the investment company ETHENEA Independent Investors S.A. and the custodian bank, as well as from the respective national paying or information agents and from the representative in Switzerland. These are:
Austria, Belgium, Germany, Liechtenstein, Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg; France: Société Générale Securities Services, Société anonyme, 29 boulevard Haussmann, 75009 Paris; Italy: Allfunds Bank Milan, Via Bocchetto, 6, 20123 Milano; SGSS S.p.A., Via Benigno Crespi 19A-MAC2, 20159 Milano; Portugal: BEST - Banco Eletronico de Servico Toal S.A., Praca Marques de Pombal, 3A,3, Lisbon; Spain: Société Générale Securities Services Sucursal en Espana, Plaza Pablo Ruiz Picasso, 1, 28020 Madrid; Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, CH-8022 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich.
The investment company may terminate existing distribution agreements with third parties or withdraw distribution licences for strategic or statutory reasons, subject to compliance with any deadlines. Investors can obtain information about their rights from the website www.ethenea.com and from the sales prospectus. The information is available in both German and English, as well as in other languages in individual cases. Explicit reference is made to the detailed risk descriptions in the sales prospectus.
This publication is subject to copyright, trademark and intellectual property rights. Any reproduction, distribution, provision for downloading or online accessibility, inclusion in other websites, or publication in whole or in part, in modified or unmodified form, is only permitted with the prior written consent of MainFirst.
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