Pharus Sicav Asian Value Niche
Class Q (Listed)
ISIN: LU1867072735
Category: Asia Allocation
09.04.2026
Key Information
| Net Asset Value | 155,60 EUR |
|---|---|
| Fund Size | 35.916.802 EUR |
| Launch Date | 15 feb 2019 |
Management information
| Sicav | Pharus Sicav |
|---|---|
| Management Company | Pharus Management Lux SA |
| Investment Manager | Niche Asset Management LTD |
Investment objective
The Sub-Fundâs investment objective is to achieve long term capital growth by investing up to 70% of its assets in equities mainly exposed to Asian Pacific markets, including also Middle East, Russia and Turkey. Moreover, it can invest in debt securities of any kind, money market instruments, cash and cash equivalents, financial derivatives instruments.
Risk & reward profile
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09.04.2026
Manager comment
Following an acceleration in the final phase of the month, the fund closed December with a gain of 1.11%.
The year therefore ended with a gain of 14.54%, approximately 270 basis points higher than the MSCI Asia Pacific Value Index.
In December, there was some dispersion in performance within the fund's thirteen equity niches: three of them showed mid-single digit gains, while four showed marginal declines, confirming the validity of diversification within value themes. The largest contribution came from Internet and AI Victims (+5.8%), thanks to the continued strength of banking stocks, and 6G (+5%), supported mainly by the rerating of Samsung Electronics. Fly with me (+4.9%) also performed well, with tourism-related groups such as Tui and Carnival and several airlines shining, supported by the continuing positive trend in demand, combined with lower fuel costs. On the other hand, the Niches Deglob (-1.9%), Beauty for Nothing (-2.1%) and Champagne (-3.6%) made a negative contribution, as did Indonesia Infrastructure small cap (-0.5%), the latter affected by further currency weakness, which was not justified by the country's solid fundamentals.
The bond component, which represents approximately 14% of NAV, remained largely unchanged, partly due to uncertainty about the next moves by central banks after the cycle of interest rate cuts.
The year therefore ended with a gain of 14.54%, approximately 270 basis points higher than the MSCI Asia Pacific Value Index.
In December, there was some dispersion in performance within the fund's thirteen equity niches: three of them showed mid-single digit gains, while four showed marginal declines, confirming the validity of diversification within value themes. The largest contribution came from Internet and AI Victims (+5.8%), thanks to the continued strength of banking stocks, and 6G (+5%), supported mainly by the rerating of Samsung Electronics. Fly with me (+4.9%) also performed well, with tourism-related groups such as Tui and Carnival and several airlines shining, supported by the continuing positive trend in demand, combined with lower fuel costs. On the other hand, the Niches Deglob (-1.9%), Beauty for Nothing (-2.1%) and Champagne (-3.6%) made a negative contribution, as did Indonesia Infrastructure small cap (-0.5%), the latter affected by further currency weakness, which was not justified by the country's solid fundamentals.
The bond component, which represents approximately 14% of NAV, remained largely unchanged, partly due to uncertainty about the next moves by central banks after the cycle of interest rate cuts.
Documents
Last updated on 09.04.2026
* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
| Sc Sicav Ele Mob Vl Nic-baeu | 13.69 % |
|---|---|
| Nichejungl Indn Inf Sc Sdg-i | 11.31 % |
| Nichej Korea Reuni Sdg-i Eur | 7.89 % |
| Treasury Bill 0% 24.12.26 | 2.35 % |
| United Kingdom Gilt 4.5% 07.03.35 | 1.97 % |
| United Kingdom Gilt 4.375% 31.01.40 | 1.89 % |
| Us Treasury N/b 4.25% 15.05.35 | 1.85 % |
| Us Treasury N/b 3.5% 30.09.27 | 1.64 % |
| Nichej Japan Orphan Co-i Eur | 1.45 % |
| Wpp Finance 2013 4% 12.09.33 | 0.84 % |
