DGC – Stock Selection
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This webpage is a marketing communication. Please refer to the Prospectus and the PRIIPs Key Information Document (KID) before making any final investment decisions.
Fund profile
NS Partners’ flagship global equity UCITS fund.
DGC Stock Selection benefits from the experience of a seasoned investment team across different market cycles. Recognised by external rating agencies, the strategy aims to serve as a long-term core global equity allocation within a diversified 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
- Strong emphasis on Price Earning Ratio (PER)
- 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
Investment Risks
- The value of investments may fluctuate and investors may not recover the full amount invested.
- Equity markets can be volatile and may be affected by economic, political and market developments.
- Investments in international equities may be exposed to currency fluctuations.
- ESG criteria are integrated into the investment process but may not necessarily result in improved investment performance.
- Please refer to the Prospectus and PRIIPs KID for a full description of risks associated with the Fund.
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
07.05.2026
- 30+ years’ experience in managing global equity portfolios
- Long-term investment experience 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 long-term investment approach makes it the candidate of choice as a core position for any investment portfolio. ”
Pierre Mouton
Fund Manager
Investment team
Pierre Mouton
HEAD OF LONG ONLY INVESTMENTS, MEMBER OF THE EXECUTIVE COMMITTEE
Maximilien Mestelan
PORTFOLIO MANAGER & EQUITY ANALYST
Marie-Caroline Benoiston
SENIOR PORTFOLIO MANAGER, HEAD OF ESG
Maria Hernandez Sanchez
PORTFOLIO MANAGER, EQUITY AND ESG ANALYST
Angel Sanz, CFA
CHIEF INVESTMENT OFFICER, HEAD OF ASSET MANAGEMENT
Julien Baltzinger, CFA
PORTFOLIO MANAGER
This webpage is a marketing communication. Please refer to the Prospectus and the PRIIPs Key Information Document (KID) before making any final investment decisions.
The information contained on this webpage is provided for information purposes only and does not constitute investment advice, an offer, solicitation or recommendation to buy or sell any financial instrument or investment product.
The views and opinions expressed are those of NS Partners at the date of publication and may change without notice.
Investments involve risks, including possible loss of capital. The value of investments and the income derived from them may fluctuate and investors may not recover the amount originally invested.
Past performance does not predict future returns.
Any reference to rankings, ratings or awards is provided for information purposes only and should not be interpreted as a guarantee of future performance.
Please refer to the Prospectus and PRIIPs KID for a full description of the Fund’s objectives, investment policy, risks and costs.
The Fund is authorised and regulated in Luxembourg and may not be offered or distributed in jurisdictions where such distribution would be prohibited.