Fund Overview
R-co Valor C EUR is a flexible global multi-asset SICAV managed by Rothschild & Co Asset Management. Its defining characteristic is the ability to dynamically adjust exposure between equities and fixed income, rather than relying on a static allocation model. The fund is not benchmark-constrained, which means performance is driven by discretionary positioning and capital allocation decisions rather than index replication. ππ
The strategy seeks performance over a five-year investment horizon, combining bottom-up issuer analysis with an active macro framework. In practical terms, equity exposure can range from 0% to 100%, fixed income exposure can also vary between 0% and 100%, and interest-rate sensitivity may fluctuate between β1 and 9. This structural flexibility is central to understanding the fund: it is designed to reallocate risk depending on inflation trends, rate cycles and relative valuation across asset classes. ππ
ISIN: FR0011253624
Structure: UCITS β SICAV (France-domiciled)
Investment Manager: Rothschild & Co Asset Management
Asset Class: Flexible Mixed (Global Equity & Fixed Income)
Currency: EUR
Fund inception: 03/10/2012
Share class inception: 08/04/1994
The share class is accumulation and fully exposed to market movements, with no capital guarantee. β³πΆ
Historical Performance
The 10-year chart shows a clear structural upward trend, despite temporary drawdowns along the way. Over the last decade, cumulative performance reaches +173.63%, illustrating the compounding effect of flexible allocation across very different market regimes. πβ±οΈ
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
January 202Over five years, cumulative performance stands at +60.45%, while three-year performance reaches +40.94%. The trajectory reflects the ability of the fund to participate in bullish phases while maintaining enough flexibility to reposition during stress environments. ππ
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
The annual breakdown reinforces this reading. After delivering +12.72% in 2021, the fund declined β8.06% in 2022 as global bonds and equities repriced simultaneously. The recovery in 2023, 2024 and 2025 confirms that the strategyβs value lies in reallocation capability, not in static diversification.
What this performance history ultimately shows is that R-co Valor behaves as a cycle manager rather than a market timer.
Portfolio Snapshot
Equities represent 71.7% of assets, while 28.3% is allocated to cash and other instruments. This is not just a positioning statistic; it defines the fundβs current risk budget. A 70% equity exposure signals constructive conviction, yet the nearly 30% held outside equities preserves optionality. In a flexible strategy, liquidity is not idle capital, it is strategic capacity.βοΈπΌ
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
While equities represent the core driver of performance, the remaining allocation plays a stabilising role. The fixed income and liquidity component provides defensive ballast, allowing the managers to adjust duration and credit exposure according to macro conditions. This segment enhances flexibility and supports drawdown management during periods of market stress. π‘οΈπ
Within the fixed income universe, the rating distribution shows a meaningful presence in A and AA categories, alongside exposure to BBB and selective lower-rated segments. This balanced credit profile indicates a controlled approach to yield enhancement without excessive concentration in high-risk issuers. ππ¦
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
On the equity side, style exposure shows a tilt toward large-cap blend and value, with meaningful weight in established companies. Mid and small caps remain marginal, reinforcing liquidity and balance sheet strength within the equity segment.
Source: Morningstar Direct β R-co Valor C EUR, Equity Style Box (Weight view), data as of January 2026.
Regarding, the sector allocation is led by Technology at 29%, followed by Mining, Industrials, Financials and Health Care. This mix blends structural growth themes with cyclical and commodity exposure, creating diversification across economic drivers. π»βοΈ
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
Geographically, the portfolio is globally diversified. The United States accounts for 37.7%, Asia ex-Japan 22.4%, Canada 12.9% and France 12.4%. The allocation therefore combines US leadership, Asian growth dynamics and European exposure within a single framework. ππ
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
The portfolio holds 51 securities, reflecting selective diversification. Alphabet is the largest position at 3.2%, followed by Freeport-McMoRan, Alibaba, Ivanhoe Mines, Agnico Eagle Mines, Airbus and LVMH.
Source: Rothschild & Co Asset Management β R-co Valor C EUR Factsheet
Finally, the combination of equity leadership and diversified credit exposure reflects the fundβs multi-asset identity. Equities provide long-term growth potential, while fixed income and liquidity contribute to risk management and capital preservation, particularly in volatile macro environments. ππ§
Risk Profile
R-co Valor is classified as Risk Level 4 out of 7, indicating a medium risk profile. This reflects its discretionary exposure to global equity and bond markets. β οΈπ
Source: Rothschild & Co Asset Management β Key Information Document (KID), R-co Valor C EUR, Risk Indicator (SRRI 4/7).
The strategy does not provide capital protection. Investors may experience drawdowns during adverse market phases, and the recommended five-year holding period aligns with the fundβs cyclical allocation profile. π§β³
Fund Managers
The lead portfolio managers are Yoann Ignatiew, Charles-Edouard Bilbault, and Henri Captier.
Together, they contribute to portfolio construction, asset allocation decisions and security selection, ensuring consistency between strategic views and implementation.
Their complementary skill sets create a cohesive and disciplined investment team, capable of navigating different market environments while maintaining a structured investment framework. π€
Why Consider R-co Valor
As a conclusion we can say that R-co Valor stands out for its structural flexibility. The fund is built to adjust equity exposure, duration and credit risk as macro conditions evolve, rather than remain anchored to a fixed allocation model. ππ
It may suit investors seeking a core multi-asset strategy capable of navigating different market regimes without relying on a single asset class for returns, while aiming for growth with moderated volatility over the medium to long term. ππ
Here is a recent interview with Yoann Ignatiew, which may help provide deeper insight into the philosophy and thinking behind the fund.
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