DGC Stock Selection

Fund profile

NS Partners’ flagship global equity UCITS fund.

DGC Stock Selection has a proven successful track-record across different market cycles. With its seasoned investment team and top rankings, it aims at being a core equity allocation in any portfolio.

Long only, pure global equity fund
Active and fundamental bottom-up approach
Large Caps, developed countries
No style bias, unconstrained in terms of geography and sector (benchmark agnostic)
Concentrated and diversified portfolio in terms of sectors, sub-sectors and countries
SFDR Article 8
Low to moderate turnover
High Active Share
Fully invested at all times, no market timing, no futures, no options
Daily liquidity

Focus on quality

In all sectors, we can find quality companies
Company management track record and reliability
Low leverage
High Free Cash Flow generation
Healthy balance sheets

Valuations are key

Pay high PERs for high quality is OK, but not excessive PERs
2-years Normalized PEG (Price Earnings Growth)
3-years Free Cash-Flow as a percentage of market cap.
Discounted Cash Flow for all stocks (ex-Financials) helps in detecting abnormal valuations (both ways)

Portfolio construction & Risk Management

Continuous risk management with strict risk control rules
Be agnostic (don’t fall in love with a stock, don’t hate a stock either)
No average down
Position sizing matters (Max/Min weightings: 4% and 1%)
Beta monitoring

Commitment to ESG

Fully integrated ESG process
We do not exclude any industry (“best in class” approach)
We do not consider companies with a bad ESG rating
We favour companies that make efforts to improve their ratings
SFDR classification: Article 8

Why invest in this fund ?

Last update 16.01.2025

30+ years’ experience in managing global equity portfolios
Long and successful track-record across different market cycles
Active and fundamental bottom-up approach with proprietary in-house research and database
Focus on high quality companies, with sound balance sheets, high FCF generation and strong competitive advantages
Diversified blended approach (no style bias)
Well suited for investors looking for a core equity allocation
Strong and independent risk management process

“ Thanks to its blended approach, DGC Stock Selection is well suited to navigate any market environment. Its superior results make it the candidate of choice as a core position for any investment portfolio. ”