IMGA Ações Portugal Fund

IMGA Ações Portugal Fund is a specialized equity investment vehicle that provides concentrated exposure to leading Portuguese companies through active management and fundamental analysis. Investment Strategy: • Focused exclusively on equities listed on Euronext Lisbon and other regulated Portuguese markets • Concentrated portfolio of leading Portuguese companies with strong fundamentals and liquidity • Active management approach seeking to outperform the PSI-20 index through selective positioning • Typically holds 15-25 positions for optimal risk-return balance • Bottom-up fundamental analysis combined with macroeconomic assessment Sector Exposure: • Financials - Portuguese banks and financial services companies • Utilities - Energy and water distribution companies • Energy - Oil, gas, and renewable energy companies • Consumer Goods - Portuguese consumer brands and retail companies • Telecommunications - Leading Portuguese telecom operators • Indirect international exposure through multinational operations of portfolio companies Investment Philosophy: • Focus on companies with strong competitive positions in their markets • Emphasis on sustainable business models and quality management teams • Value creation through capital appreciation and dividend income • Long-term investment horizon with tactical allocation adjustments Performance Objectives: • Capture long-term capital growth through appreciation of leading Portuguese equities • Generate alpha through selective overweight/underweight positions relative to PSI-20 • Provide diversified exposure to Portuguese economic growth • Deliver superior risk-adjusted returns through active portfolio management The fund leverages IMGA's deep knowledge of Portuguese capital markets and extensive research capabilities, backed by Millennium bcp Group's institutional infrastructure and market insights.