Portfolio Delmi analysis

How to read table data :

ISIN: is the identification code most commonly used to identify funds, ETFs and other financial instruments
Fund: by clicking, you will be able to view the simplified fund fact sheet
Currency : is the currency in which the fund is denominated
Esgap: "ESG Adjusted Performance." It is a proprietary measure of MCSR that allows a summary evaluation of funds considering the quality of the sustainable investment process, continuity, and measurement of performance and risk parameters. The maximum value is 18 points.
MCSRIntensity: This is a proprietary measure of MCSR that summarizes assessments of the quality of the sustainable investment process. Funds rated 5 have an excellent investment process in ESG instruments. Funds with lower scores are still preferable to funds that do not engage in positive finance.
Average Intensity: This is the average of ESG intensity ratings related to individual parameters
SFDR: This is the European regulation that commits Society management to declare whether the fund also considers ESG aspects (Article 8) or whether ESG aspects are prioritized over financial aspects (Article 9)
Performance: Measures the fund's performance continuity (expressed in euros) over three different time periods with a scale from 1 to 5. Funds rated 5 are excellent in performance.
Risk: Measures the continuity of risk taken by the fund in terms of volatility over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent at controlling risk.
Cost: This is the aggregate cost of the fund on an annual basis. In Portfolio it is the aggregate cost of all its component instruments.
SRRI: This is the legal parameter that defines the measure of risk that the fund should maintain over time. The scale ranges from 1 (lowest risk) to 7 (highest risk)
Performance 6 months / 1 year / 3 years: performance expressed in euros over the past 6 months / 12 months / 36 months
Classification: either the market in which the fund invests or the management objective, depending on the context
Instrument: Indicates whether the financial instrument is a fund, ETF or fund of funds
Type: Indicates whether the fund's Portfolio and investment policy is predominantly equity, bond, whether it balances the two components, or whether the manager is free to vary the extent and risk
Theme : when a fund is "thematic," it means that it specializes in managing in a specific investment area.
Environment: is the assessment of ESG intensity related to Environmental aspects
Good Governance is the assessment of ESG intensity related to aspects of good governance
Society is the assessment of ESG intensity related to aspects of Society
Transparency is the assessment of the intensity with which Society management is transparent in its ESG content
Processes is the assessment of the intensity with which Society management is qualified in its ESG processes

Table legend - ESG :

Esgap: "ESG Adjusted Performance." It is a proprietary MCSR measure that allows a summary assessment of funds by considering the quality of the sustainable investment process, continuity, and measurement of performance and risk parameters over the past 3 years. Funds rated 5 have both an excellent ESG process and excellent performance and risk control.
MCSRIntensity: This is a proprietary measure of MCSR that summarizes assessments of the quality of the sustainable investment process and Portfolio where the fund has invested. Funds rated 5 have an excellent process for investing in ESG instruments. Funds with lower scores are still preferable to funds that do not engage in positive finance.
Average Intensity: is the average of the ESG intensity ratings related to individual parameters
SFDR: is the European regulation that commits Society management to declare whether the fund also considers ESG aspects (Article 8) or whether ESG aspects are prioritized over financial aspects (Article 9)
Theme : when a fund is "thematic," it means that it specializes in managing in a specific investment area.
Environment: is the assessment of ESG intensity related to Environmental aspects
Good Governance: is the assessment of ESG intensity related to aspects of good governance of states and enterprises
Society : is the assessment of ESG intensity related to the salient aspects of Society
Transparency: is the assessment of the intensity with which Society management is transparent in its ESG content
Processes: is the assessment of the intensity with which Society management is qualified in its ESG processes
Portfolio : is the assessment of the ESG quality of the Portfolio underlying funds analyzed. It measures the result of the ESG policy implemented by the Fund referred to the overall market. The values of Portfolio 4 and 5 are above the market.

Financial Legend of Tables :

ISIN: is the identification code most commonly used to identify funds, ETFs and other financial instruments
Fund: by clicking, you will be able to view the simplified fund factsheet
Currency : is the currency in which the fund is denominated
Esgap: "ESG Adjusted Performance." It is a proprietary measure of MCSR that allows a summary evaluation of funds considering the quality of the sustainable investment process, continuity, and measurement of performance and risk parameters over the past 3 years. The maximum value is 5 points for funds that cumulate financial and ESG excellence.
Performance: Measures fund performance continuity (expressed in euros) over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent in performance.
Risk: Measures the continuity of risk taken by the fund in terms of volatility over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent at controlling risk.
Cost: This is the aggregate cost of the fund on an annual basis. In Portfolio it is the aggregate cost of all its component instruments.
SRRI: This is the legal parameter that defines the measure of risk that the fund should maintain over time. The scale ranges from 1 (lowest risk) to 7 (highest risk)
Performance 6 months / 1 year / 3 years: performance expressed in euros over the past 6 months / 12 months / 36 months
Classification: the market in which the fund invests or the management objective.
Instrument: Indicates whether the financial instrument is a fund, ETF or fund of funds
Type: Indicates whether the fund's Portfolio and investment policy is predominantly equity, bond, whether it balances the two components, or whether the manager is free to vary the extent and risk
Theme : When a fund is "thematic," it means that it specializes in managing in a specific investment area.

We take great care in handling data and fund analysis. However, our providers may provide us with incorrect data: always check the information you find on Positive Finance and notify us if you find an error, we will correct it as soon as possible.

This isnot a financial advisory site ; our goal is to help you evolve as a Positive Investor and become more aware and competent. Before investing, always check with your adviser or bank that your choices are appropriate and will not harm you.

Never trust the performance shown by funds, they always refer to the past. We use statistical methods to measure returns by estimating with objective methodologies the continuity and robustness of the performance and risks that funds and etfs have achieved. We do not forecast the future of markets or funds.

Our analyses of managers' sustainability policies (denoted MCSR Intensity in the tables), are done with care, method, and passion but cover only a few thousand funds.

We prefer to invest in Article 9 funds because they are the ones where the managers take the greatest responsibility for doing things well and should be the least risky. Remember that a Positive Investor will always find an official indication in the SFDR chapter indicating, under Article 8, whether the company considers sustainability and performance together or, under Article 9, whether it gives priority to the sustainability of the companies in which it invests.

In summary, avoid DIY (unless you want to study finance seriously) and trading (it is a business for professionals), rely on a good advisor. Remember that you are paying him to look after your interests even when you feel you are not paying him.

We will soon build courses to teach you how to invest, how to reduce risk and achieve your goals. You will find that psychology applied to finance clearly explains to us the mistakes of investors.

Read Here you will find our disclaimer