Pharus Sicav Basic Fund

Class A
ISIN: LU0082941195
Category: EUR Flexible Allocation
16.10.2025
Key Information
Net Asset Value211,01 EUR
Fund Size26.864.103 EUR
Launch Date20 gen 2005
Key Information
Management information
SicavPHARUS SICAV
Management CompanyPHARUS MANAGEMENT LUX SA
Investment ManagerPharus Asset Management SA
Key Information
Investment objective
Pharus Sicav Basic Fund is a flexible fund which aims to provide capital growth through exposure to mainly equity markets and in the Euro area. The focus is on identifying value stories not yet expressed in the stock market, of which the Italian market, especially mid-small caps, is particularly rich.
Key Information

Risk & reward profile

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16.10.2025
Manager comment
Manager comment
During the quarter, the sector recorded a performance of +3.80%.
The market narrative remains optimistic, but beneath the surface, leading indicators are slowing, signalling a cycle that is losing momentum.
In this context, valuations are stretched and much depends on margins holding up and guidance, while 2026 earnings estimates assume a real macro acceleration.
The US shutdown appears to be more political noise than an economic factor, albeit with the risk of delays in data: the picture remains one of a growing divergence between narrative and fundamentals, which calls for selectivity and quality in securities.
Despite all the macro movements, we firmly believe that there will be a resurgence of interest in mid and small caps in Europe in the coming months.
We remain focused on Italy, continuing to maintain our positions on our stock picks.
Documents
N.A.

Last updated on 16.10.2025

* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
Sesa Spa 7.27 %
Italian Wine Brands Spa 7.19 %
Eviso Spa 5.71 %
Pharmanutra Spa 5.52 %
Star7 S.p.a. 5.04 %
Lindbergh Spa 4.99 %
Maps Spa 4.46 %
Azienda Bresciana Petroli No 3.93 %
Reway Group Spa 3.71 %
Lu-ve Spa 3.09 %
Top Ten Holding
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