The DNCA Miuri targets to outperform the risk-free by investing only in large- and medium-cap companies in Europe (EEE and Switzerland). Fundamental financial analysis of their valuation levels is at the core of the managements investment decisions. The fund seeks long exposure to potentially undervalued equities whilst covering those with short exposure in the corresponding index. The managers seek European stocks likely to outperform either their sector-based or market indices. The Miuri Fund targets a net exposure between -30/+30% with the gross exposure set at 200%.