BNP AM

The sustainable investor for a changing world

European small cap equity strategy

Key features

A high-conviction absolute return strategy

A bottom-up approach to stock selection with ESG integration

A dedicated small cap team with a proven track record since 2007

Investment philosophy 

We believe European small caps are often underestimated and under-researched, which creates compelling investment opportunities. 

We combine growth- and value-driven investing in an absolute return approach, focusing on quality companies with strong and steady earnings growth and cash generation.

To manage the specific risks of small cap equities, we pay special attention to financial discipleship, management track records and balance sheet risks.

Investment process

Our European Small Cap strategy follows a disciplined bottom-up process:

  • Idea generation
  • Stock selection
  • Portfolio construction and risk management

Team and resources

Our European Equity Small & Mid Cap team is based in Paris. Damien Kohler, who has more than 27 years of industry experience, leads the team.  

The team consists of portfolio managers and research analysts with expertise across different sectors. They benefit from access to our global trading and risk management platform, Sustainability Centre, Quantitative Research Group and Macro Research team.

Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the strategies described being in risk of capital loss. There is no guarantee that the performance objective will be achieved.