
The PV Buyback USA Fund, launched in June 2011, is a long-only fund focused on small and mid caps listed on the US equity market.
It invests in companies announcing share buyback programs to take advantage of an undervalued stock price. To identify those firms where the repurchase is most likely motivated by undervaluation, the Fund has developed a systematic approach.
Fund managers are highly experienced and have a strong track record in developing and implementing this investment strategy.
The fund is a Luxembourg SIF managed by DIMlux S.A.. It holds circa 30 positions with a portfolio turnover of circa 0.3 times per year. Its reference index is Russell 2000.