Placeuro Abacus Discovery
Fundamental Eurozone Small/Micro Cap management combining financial and extra-financial criteria
Article 8 SFDR
Investment objective
Abacus Discovery is a sub-fund of the Luxembourg SICAV Placeuro invested in listed small and micro caps from eurozone countries (market capitalisation ≤ €2bn), selected for their fundamental qualities through our proprietary Abacus methodology, entirely independently of stock market indices. This approach aims to deliver better risk-adjusted performance. The sub-fund is eligible for the French PEA and PEA-PME share savings plans. The benchmark index is the EuroStoxx Small NR.
Classified as Article 8 under SFDR, the fund fully integrates extra-financial analysis into its investment process, based on a double materiality approach (financial and impact). Where necessary, the management team engages in active shareholder dialogue to support companies’ progress on sustainability. The fund applies reinforced norm-based and sector exclusions, notably on fossil fuels, and follows a Best-in-Universe approach. At least 70% of the portfolio is invested in issuers promoting environmental and/or social characteristics and applying good governance practices.
Portfolio Manager
Performance chart
Performance table
| Data as of 18/06/2026 | ||||||
| YTD | 2025 | 2024 | 2023 | 2022 | Since 2021 | |
| Abacus Discovery I | + 10.8 % | + 26.6 % | + 7.8 % | + 12.4 % | - 26.4 % | + 71.0 % |
| MSCI Europe ex-UK Micro NR | + 2.2 % | + 22.6 % | - 1.3 % | - 2.3 % | - 25.5 % | + 9.7 % |
| EuroStoxx Small NR | + 11.1 % | + 21.5 % | - 3.5 % | + 13.9 % | - 15.5 % | + 52.7 % |
Performance figures are net of management fees.
Past performance is not indicative of future performance.
Characteristics
Legal form
Sub-fund of a Luxembourg SICAV
Implementation of the Abacus methodology
30/06/2021
Reference currency
EUR
Valuation
Daily – 12 noon Lux. cut-off (D-1)
Recommended investment horizon
> 5 years
Risk level (SRI)
3 out of 7
Management company
Ascender Fund Partners (Lux.)
Delegated investment manager
Philippe Hottinguer Gestion
Depositary
CACEIS Bank, Luxembourg Branch
ISIN code – I share / R share
LU0272991307 / LU1120754533
PEA / PEA-PME eligible
Yes
SFDR classification
Article 8
Documents to download
Regulatory documents
Marketing documents
Fees
| Entry fees | Max 2.00% up to €25,000 – 1.00% above |
| Exit fees | None |
| Fixed management fees – I share | 1.20% incl. taxes max. |
| Fixed management fees – R share | 2.05% incl. taxes max. |
| Performance fee* | 20% incl. taxes |
* 20% of the outperformance of the NAV relative to the EuroStoxx Small (dividends reinvested), over a 5-year reference period. Annual crystallisation on the last day of the calendar year.
Platform availability
Référencement
The team
Chief Investment Officer and Partner
Head of ESG
Financial Analyst
Financial Analyst
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