Small and Mid caps, big opportunities

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Groupe La Française, a major player in the asset management industry in Europe*


As the ‘multi-expertise’ asset management arm of Crédit Mutuel Alliance Fédérale, we bring together a number of complementary asset management companies covering diversified expertise across several asset classes. Among others, Groupe La Française AM Finance Services distributes the various areas of expertise of BLI - Banque de Luxembourg Investments. 

* IPE Top 500

BLI - Banque de Luxembourg Investments

BLI - Banque de Luxembourg Investments is one of the asset management companies of Crédit Mutuel Alliance Fédérale.

BLI has acquired recognized experience in international asset allocation across three main asset classes: equities, fixed income and multi asset strategies.

BLI had total assets under management of EUR 12.2 billion as at 30/06/2025.

A flagship expertise: BLI’s Small and Mid cap management

BLI is renowned for over 20 years’ expertise in active management and its solid track record in the small and mid cap universe.

This range of funds includes two equity funds: BL American Small & Mid caps, which targets high-quality US companies, and BL European Small & Mid caps, which focuses on their European counterparts.

Actively managed, the funds reflect the convictions of our Fund Managers anchored in a long-term view of the development potential of the companies selected.

Why invest in SMID’s ?

“Small and Mid cap companies are in the most attractive stage of their development and offer undeniable investment opportunities. Through an active, conviction-based approach focused on the long term, we select quality companies with strong competitive advantages and vectors for long-term profitable growth, while keeping an eye on valuation levels in order to build balanced portfolios offering consistent performance over a full stock market cycle.”

BL American Small & Mid Caps

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BL European Small & Mid Caps

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More on funds BL American Small & Mid Caps & BL European Small & Mid Caps

Undeniable supporting factors for the asset class

The Small and Mid cap asset class is currently benefiting from significant structural drivers.

LONG-TERM OUTPERFORMANCE

Small and Mid cap companies stocks have historically outperformed their large cap counterparts in both Europe and the United States.

ATTRACTIVE VALUATIONS

While Small and Mid caps have historically traded at a premium to their large cap counterparts, they are currently trading at very attractive valuations on both sides of the Atlantic.

UNDEREXPOSURE BY INVESTORS

Despite an attractive risk/return profile, investors are generally underexposed to this market segment. For example, in the US universe, Mid caps represent 23% of the market capitalisation of US equities, but only 10% of the assets of US equity investors. The situation is fairly similar for the European market.

LESS RESEARCH COVERAGE

Smaller companies are generally less covered by external research, providing many opportunities for active managers.

An experienced fund management team

The combination of the market experience of the members of the fund management team and a proven investment methodology developed over the last three decades provide a robust framework for these two funds.

Henrik Blohm
Henrik Blohm
Fund Manager BL American
Small & Mid Caps
Julien Jonas
Julien Jonas
Analyst BL American
Small & Mid Caps
Tom Michels
Tom Michels
Fund Manager BL European
Small & Mid Caps
Amélie Morel
Amélie Morel
Analyst BL European
Small & Mid Caps

More about BLI - Banque de Luxembourg Investments

Our investment approach is based on enduring principles. They have been applied rigorously for more than 20 years, ignoring any fashion effect

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More on Groupe La Française  

Creating and offering targeted investment solutions on behalf of third parties has been the mission of Groupe La Française for more than 40 years.

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Key Risks:

Risk of capital loss, equity market risk, discretionary management risk, exchange risk, liquidity risk, small cap shares.
 

Disclaimer  

Marketing communication for non-professional clients as defined by MiFID 2. 
For a full description of risks and further information on strategies and all fees, please refer to the prospectus and the current key disclosure document, available in English on our website. The Policy on Client Investigation and Complaints implemented by Groupe La Française is available on our website.
It does not constitute an offer or investment advice. Non contractual information considered to be accurate at the date of publication and subject to change over time. The Groupe La Française accepts no liability for any modification, distortion or falsification of this communication. This document may not be reproduced or amended without the express permission of the Groupe La Française. 

Source: Groupe La Française, January 2025.  

La Française Finance Services, an investment company authorised by the ACPR under number 18673 (www.acpr.banque-france.fr) and registered with the ORIAS (www.orias.fr) under number 13007808 on 4 November 2016.

BLI - Banque de Luxembourg Investments (RCS B80479), a management company authorised by the Commission de Surveillance du Secteur Financier (CSSF) – www.bli.lu

The different capabilities of BLI - Banque de Luxembourg Investments are marketed by La Française AM Finance Services.