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The nineteenth edition of the list established by the Fundclass firm distinguishes the best management companies over the period from 1er<\/sup> April 2021 to December 31, 2024. Fourteen French actors are rewarded this year, for their French, Luxembourg or Multipays range, depending on the case. Fundclass also awards trophies for the regularity of seven -year performance as well as individual prices to the best funds in seven categories.<\/p>\n Julien-Pierre Nouen, director of economic studies, and James Ogilvy, co-director of small capitalizations, of Lazard Fr\u00e8res Gestion-Best European Management Company for category from 71 to 100 funds and Fundclass trophy in the same category.<\/p>\n \u201cThe small European values \u200b\u200bstill offer catch-up potential after five years of underperformance due to the focusing of markets on very large capitalizations, especially in the United States, with tech values, but also in Europe. At the end of January, the MSCI Emu Small Cap index increased by 31 % over five years against 52 % for the Euro Stoxx 50.<\/p>\n The valuations are particularly attractive for the microcapitalization segment, which we define as companies whose valuation is less than 100 million euros. Our portfolio specializing in this rating segment has a course-benefit ratio of 13.8 times against a historic average around 17 to 18 times, for average growth in the expected results around 11 % this year.<\/p>\n We invest in securities whose market capitalization is less than 100 million euros when purchasing, then we keep them without size limit, as long as they remain undervalued. Thus, the average capitalization of the portfolio amounts to 365 million euros, with a peak at 1.8 billion euros for the German company Atoss working in the field of human resources management software. \u00bb\u00bb<\/p>\n“European microcapitalizations are well oriented”<\/h3>\n