CAC 40	Perf Jour	Perf Ytd
8019.65	-1.22%	+8.65%

DIVERSIFIÉS / FLEXIBLES Perf. YTD

SRI

Pour en savoir plus, cliquez sur un fonds
H2O Moderato	22.07%
Ginjer Actifs 360	21.78%
GF Ambition Solidaire	21.39%
Moneta Long Short	20.66%
Clartan Valeurs	18.95%
BDL Rempart	15.29%
R-co Valor	14.87%
Claresco Allocation Flexible	13.92%
AXA WF Global Optimal Income	11.94%
M&G (Lux) Dynamic Allocation Fund	11.88%
Carmignac Patrimoine	11.55%
ELEVA Global Multi Opportunities	10.20%
Dorval Convictions	9.83%
R-co Valor Balanced	9.72%
ELEVA AR - Dynamic	9.43%
VEGA Patrimoine ISR	8.94%
Sienna Diversifié Flexible Monde	8.78%
First Eagle Amundi International Fund	8.65%
Ruffer Total Return International	8.54%
Russell Inv. MAGS	8.21%
GIS Global Multi Asset Income	8.15%
Mandarine Solution	7.83%
Auris Diversified Beta	7.67%
Ofi Invest ESG MultiTrack	7.66%
BNY Mellon Global Real Return Fund (EUR)	7.34%
Eurose	7.31%
Exane Ceres	6.84%
Dorval Global Allocation	6.60%
Elkano Global Fund	6.51%
Nova Dynamique	6.14%
VALBOA Exclusif	4.46%
Sycomore Next Generation	4.43%
DNCA Invest Evolutif	4.26%
Echiquier ARTY SRI	4.09%
Tikehau International Cross Assets	4.03%
IDE Dynamic World Flexible	3.56%
Trusteam Optimum	3.09%
Tailor Allocation Defensive	2.89%
VEGA Euro Rendement ISR	2.80%
Monocle Fund	2.15%
ACATIS Value Event	0.60%
ODDO BHF Polaris Balanced	-0.98%
Mansartis Investissements ISR	-2.21%
Gay-Lussac Europe Flex	-4.40%

ACTIONS Perf. YTD

Pour en savoir plus, cliquez sur un fonds
CM-AM Global Gold	93.82%
Jupiter Financial Innovation	24.29%
Piquemal Houghton Global Equities	21.95%
GemEquity	20.55%
Aperture European Innovation	20.46%
Candriam Equities L Robotics & Innovative Technology	18.37%
Digital Stars Europe	17.92%
Echiquier Artificial Intelligence	16.61%
Sienna Actions Bas Carbone	15.58%
R-co Thematic Blockchain Global Equity	15.50%
Candriam Equities L Oncology	15.27%
Carmignac Investissement	14.77%
Auris Gravity US Equity Fund	13.16%
HMG Globetrotter	12.15%
Athymis Industrie 4.0	10.86%
Groupama Global Disruption	10.43%
Sycomore Sustainable Tech	10.13%
Square Megatrends Champions	9.44%
Groupama Global Active Equity	9.31%
AXA Aedificandi	8.69%
Pictet - Clean Energy Transition	8.43%
FTGF ClearBridge Infrastructure Value	8.39%
EdRS Global Resilience	8.05%
Fidelity Global Technology	7.86%
BNP Paribas Funds Disruptive Technology	7.03%
R-co Thematic Real Estate	6.78%
GIS Sycomore Ageing Population	6.17%
Eurizon Fund Equity Innovation	6.01%
Sienna Actions Internationales	5.94%
ODDO BHF Artificial Intelligence	5.30%
Pictet - Digital	5.29%
Franklin Technology Fund	4.78%
EdR Fund Big Data	4.75%
Echiquier World Equity Growth	4.58%
JPMorgan Funds - US Technology	4.06%
Russell Inv. World Equity Fund	3.44%
Janus Henderson Horizon Global Sustainable Equity Fund	3.41%
CPR Invest Climate Action	3.37%
Palatine Amérique	3.29%
JPMorgan Funds - Global Dividend	3.18%
Mandarine Global Transition	3.01%
Thematics AI and Robotics	2.98%
DNCA Invest Beyond Semperosa	2.87%
Covéa Ruptures	2.39%
Sanso Smart Climate	2.28%
Echiquier Global Tech	1.37%
Mirova Global Sustainable Equity	0.88%
Claresco USA	0.66%
M&G (Lux) Global Listed Infrastructure Fund	-0.03%
Covéa Actions Monde	-0.25%
BNP Paribas Aqua	-0.34%
Comgest Monde	-0.42%
Ofi Invest Grandes Marques	-0.74%
M&G (Lux) Global Dividend Fund	-1.90%
Thematics Water	-1.95%
MS INVF Global Opportunity	-2.22%
CPR Global Disruptive Opportunities	-2.41%
Loomis Sayles U.S. Growth Equity	-2.46%
EdR Fund Healthcare	-2.65%
JPMorgan Funds - America Equity	-2.76%
Pictet - Water	-3.47%
AXA WF Robotech	-5.03%
ODDO BHF Global Equity Stars	-5.12%
BNP Paribas US Small Cap	-5.13%
Athymis Millennial	-6.04%
Thematics Meta	-6.63%
Pictet - Security	-6.63%
Franklin U.S. Opportunities Fund	-6.73%
FTGF Royce US Small Cap Opportunity Fund	-8.43%
MS INVF Global Brands	-12.23%
Franklin India Fund	-12.85%

PERFORMANCE ABSOLUE Perf. YTD

SRI

Pour en savoir plus, cliquez sur un fonds
Pictet TR - Atlas Titan	10.99%
Jupiter Merian Global Equity Absolute Return	10.30%
H2O Adagio	8.26%
Fidelity Absolute Return Global Equity Fund	7.71%
RAM European Market Neutral Equities	7.31%
M&G (Lux) Episode Macro Fund	6.49%
Sienna Performance Absolue Défensif	6.40%
Syquant Capital - Helium Selection	6.38%
Pictet TR - Atlas	5.91%
DNCA Invest Alpha Bonds	4.80%
BNP Paribas Global Absolute Return Bond	4.74%
Exane Pleiade	4.48%
Cigogne UCITS Credit Opportunities	4.30%
AXA WF Euro Credit Total Return	3.59%
Candriam Bonds Credit Alpha	2.22%
Candriam Absolute Return Equity Market Neutral	1.38%

H2O AM : « Lorsque le ciel est resté bleu trop longtemps, on a peine à croire que la tempête arrive...»

Les points-clés de l'analyse :

Jusqu’ici, tout va bien.

Pas d’investisseurs naturels pour les actions européennes

Des actions oui, mais en version allégée…

…qui deviennent désormais vulnérables

Le secteur bancaire s’est profondément restructuré…

…et retrouve une certaine stabilité

Les banques peuvent enfin profiter du cycle économique…

…et le montrent par le paiement de vrais dividendes

Devant l’inconnu, s’en remettre au pilotage automatique est dangereux

La martingale n’existe plus

La normalisation ramènera les fondamentaux au premier plan

Pour lire l'analyse complète de H2O, cliquer ici

H2O Moderato : + 7,12% YTD

H2O Multibonds : + 10,55% YTD

H2O Multistratégies : + 20,08% YTD

Pour en savoir plus sur les fonds H2O, cliquer ici

Publié le vendredi 15 mai 2015

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ACTIONS PEA Perf. YTD

Pour en savoir plus, cliquez sur un fonds
Axiom European Banks Equity	53.67%
Alken Fund Small Cap Europe	50.97%
Indépendance Europe Small	39.69%
Tailor Actions Avenir ISR	31.00%
Tocqueville Value Euro ISR	28.39%
JPMorgan Euroland Dynamic	26.48%
Groupama Opportunities Europe	23.55%
Moneta Multi Caps	23.27%
Uzès WWW Perf	22.22%
IDE Dynamic Euro	21.27%
BDL Convictions	20.59%
Quadrige France Smallcaps	17.82%
Tocqueville Euro Equity ISR	17.58%
Indépendance France Small & Mid	17.18%
Ecofi Smart Transition	16.83%
R-co 4Change Net Zero Equity Euro	16.11%
VALBOA Engagement ISR	14.51%
Tikehau European Sovereignty	14.20%
Sycomore Sélection Responsable	13.57%
DNCA Invest Archer Mid-Cap Europe	13.55%
Mandarine Premium Europe	13.05%
EdR SICAV Tricolore Convictions	13.01%
Covéa Perspectives Entreprises	12.44%
Sycomore Europe Happy @ Work	11.53%
Europe Income Family	10.83%
Lazard Small Caps Euro	10.47%
Fidelity Europe	9.23%
Mandarine Europe Microcap	9.23%
ADS Venn Collective Alpha Europe	8.26%
Groupama Avenir PME Europe	8.14%
Mirova Europe Environmental Equity	7.64%
Gay-Lussac Microcaps Europe	7.27%
HMG Découvertes	6.47%
Norden SRI	5.52%
VEGA France Opportunités ISR	5.32%
Tocqueville Croissance Euro ISR	5.21%
Mandarine Unique	4.67%
Dorval Drivers Europe	4.60%
ELEVA Leaders Small & Mid Cap Europe	4.55%
CPR Croissance Dynamique	4.12%
VEGA Europe Convictions ISR	3.81%
LFR Euro Développement Durable ISR	3.15%
Amplegest Pricing Power	1.25%
Echiquier Agenor SRI Mid Cap Europe	1.13%
Echiquier Major SRI Growth Europe	-4.57%
Eiffel Nova Europe ISR	-5.67%
DNCA Invest SRI Norden Europe	-7.39%
ADS Venn Collective Alpha US	-8.19%

ARTICLE 9 Perf. YTD

Pour en savoir plus, cliquez sur un fonds
R-co 4Change Net Zero Equity Euro	16.11%
Dorval European Climate Initiative	12.69%
EdR SICAV Euro Sustainable Equity	11.22%
BDL Transitions Megatrends	10.41%
Palatine Europe Sustainable Employment	9.22%
La Française Credit Innovation	4.18%
DNCA Invest Beyond Semperosa	2.87%
Aesculape SRI	2.42%
Triodos Impact Mixed	0.84%
Triodos Global Equities Impact	-0.17%
Triodos Future Generations	-2.75%
Echiquier Positive Impact Europe	-3.31%

OBLIGATIONS Perf. YTD

Pour en savoir plus, cliquez sur un fonds
H2O Multibonds	28.58%
Axiom Emerging Markets Corporate Bonds	7.04%
IVO Global High Yield	6.44%
Carmignac Portfolio Credit	6.13%
IVO EM Corporate Debt UCITS	6.11%
Axiom Obligataire	5.90%
LO Fallen Angels	5.37%
Lazard Credit Fi SRI	5.31%
IVO EM Corporate Debt Short Duration SRI	5.27%
Income Euro Sélection	5.08%
Lazard Credit Opportunities	4.90%
Omnibond	4.85%
Jupiter Dynamic Bond	4.81%
EdR SICAV Financial Bonds	4.75%
FTGF Brandywine Global Income Optimiser Fund	4.68%
Schelcher Global Yield 2028	4.53%
Axiom Short Duration Bond	4.42%
DNCA Invest Credit Conviction	4.20%
La Française Credit Innovation	4.18%
Tikehau European High Yield	3.89%
EdR SICAV Short Duration Credit	3.84%
Ofi Invest High Yield 2029	3.78%
Ostrum SRI Crossover	3.76%
R-co Conviction Credit Euro	3.64%
Hugau Obli 1-3	3.53%
Alken Fund Income Opportunities	3.40%
BNY Mellon Global Short-Dated High Yield Bond Fund (EUR)	3.38%
Ofi Invest Alpha Yield	3.38%
Auris Investment Grade	3.37%
Hugau Obli 3-5	3.36%
La Française Rendement Global 2028	3.32%
Tikehau 2029	3.30%
Tikehau 2027	3.21%
Pluvalca Credit Opportunities 2028	3.19%
M All Weather Bonds	3.17%
EdR SICAV Millesima 2030	3.02%
Tailor Crédit Rendement Cible	2.85%
SLF (F) Opportunité High Yield 2028	2.82%
Tailor Credit 2028	2.73%
Auris Euro Rendement	2.73%
EdR Fund Bond Allocation	2.50%
Eiffel Rendement 2028	2.34%
Mandarine Credit Opportunities	1.92%
LO Funds - Short-Term Money Market CHF	1.59%
Sanso Short Duration	1.48%
Epsilon Euro Bond	1.11%
AXA IM FIIS US Short Duration High Yield	-6.07%
Amundi Cash USD	-7.23%
Goldman Sachs Yen Liquid Reserves Fund Institutional	-9.47%