ALPINUM SICAV-SIF Persistent Edge Asia Fund

Size: px
Start display at page:

Download "ALPINUM SICAV-SIF Persistent Edge Asia Fund"

Transcription

1 ALPINUM SICAV-SIF Persistent Edge Asia Fund MONTHLY REPORT - SEPTEMBER 06 Monthly report for qualified investors in Switzerland NET MONTHLY RETURNS (CLASS AF USD) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD SI Note: Fund launch date May, 06 FUND RETURNS AND STATISTICS Net Assets USD 56'94'506 Eureka HFRI hedge MSCI Alpinum FoFs Asia AC Asia PE Asia Compo EQUITY-SECTOR EXPOSURE Pacific Pacific site FoF's Equity-Sector Long Short Sep 6-0.0% 0.% 0.56%.5% Consumer 4.% 7.7% 06 YTD -0.4%.7%.58% 6.48% Energy 0.% 0.% Cumulative Return -0.4%.7%.58% 6.48% Financials.0% 0.9% Annualized Return -0.% 5.77% 6.0% 6.6% Healthcare.4% 0.5% Maximum Drawdown -.07% -0.44% -0.46% -.76% Industrials 4.5%.9% Annualized Volatility.9%.5%.4% 9.64% Materials.6%.% Sharpe Ratio Technology 6.% 9.% Sortino Ratio Telecom.4% 0.8% % of Winning Years 0% 00% 00% 00% Others % Positive Months 40% 80% 80% 60% 5.5% 8.8% 68.7% 55.% # of Positive Months 4 4 Months PORTFOLIO COMPOSITION AND PERFORMANCE ATTRIBUTION Correlation - Alpinum PE Asia FUND INFORMATION Investment Manager Japan Equity L/S Asia ex- Japan Equity L/S Macro Multi- Strategy Equity Trading Currency classes USD, EUR, CHF, JPY Exposure.% 56.0%.% 7.%.4% 00.0% Domicile Luxembourg SICAV-SIF Average Exposure - 06 Reporting Frequency Monthly NAV Number of Funds.6%.5%.%.6% 40.% 00.0% Fiscal Year-End December st Attribution - September 0.04% -0.05% -0.0% 0.04% -0.0% -0.0% Administration UBS Fund Services (Luxembourg) S.A. Attribution - YTD % -0.9% 0.0% 0.6% -0.8% -0.4% Custodian UBS (Luxembourg) S.A. Auditor KPMG Luxembourg S.à.r.l Convergence Divergence Beta Reduction Exposure 54.0% 4.4% 8.%.4% 00.0% FUND TERMS Average Exposure 06 Amount equivalent to EUR 5,000.- Number of Funds Subscription Frequency Monthly Attribution - September Liquidity Monthly - 5 days notice Attribution - YTD 06.% 4.%.6% 40.% 00.0% % 0.0% 0.06% -0.0% -0.0% -0.40% 0.6% 0.0% -0.8% -0.4% High Watermark CONTACT INFORMATION Investment Manager Talstrasse 8 Switzerland T: F: info@ Sub-Investment Manager Persistent Asset Partners Limited Suite 50, One Exchange Square, 8 Connaugth Place, Central, Hong Kong T: F: info@persistentasset.com, Talstrasse 8, 800 Zurich

2 Portfolio Characteristics Age of underlying funds Portfolio Manager Age #of Funds % of Funds % of Assets < year 5% 4% - years 6 % 4% -5 years 6% % >5 years 9 47% 48% 9 00% 97% >=50 #of Funds % of Funds % of Assets 5% 5% 5 6% % 4 % 4% 6 % 7% 6% 0% 9 00% 97% Size of underlying fund managers #of Funds % of Funds % of Assets <00M % 0% 00-00M 7 6% % 00-.0B 6 % 8%.0-5.0B 4 % 6% >5.0B 0 0% 0% 9 00% 97% Counter Party Statistics Prime Broker Count % of NAV Administrator Count Goldman Sachs 9 6.8% Maples Fund Services Morgan Stanley 4.7% BNY Mellon Normura 5.9% Normura Bank Bank of America / Merill Lynch 0.6% Citibank UBS 5.4% Citco Fund Services Credit Suisse 4.5% Apex Fund Services Deutsche Bank.7% SMT Fund Services (Ireland) Ltd JP Morgan.4% GlobeOp BNY Mellon 0.9% SS&C GlobeOp Fidelity 0.4% Opous Fund Services Ltd Newedge 0.% Equinoxe AIS Jefferies & Company. Inc. 0.% Norhern Trust Hedge Fund Services LLC Interactive Brokers 0.% Other.% % 00.0% % of NAV 0.9% 4.4% 9.5% 9.% 8.7% 7.6%.7%.9%.9%.%.%.% 6.5% 00.0% Auditor Ernst & Young PWC KPMG Eisner Amper Deloitte & Touche Count % of NAV % 5 6.% 5 0.9%.%.% 6.5% %, Talstrasse 8, 800 Zurich

3 MARKET BENCHMARK OVERVIEW HANG SENG SHANGHAI STOCK EXCHANGE A SHARES NIKKEI 5 JASDAQ MSCI AC MOTHERS KOSPI SENSEX S6P 500 NASDAQ ASIA MSCI CHINIA EUREKAHED GE JAPAN HF PACIFIC EUREKAHEDG E ASIAN HF HFRX GLOBAL HF Sep 6.9% -.6% -.59%.8% 4.90% 0.44% -.06% -0.%.89%.5%.6%.9% 0.64% 0.55% 06 YTD* 0.59%.9% -.0% 4.7% -6.%.48% 8.8% 4.99%.4% 6.48%.7% 0.87%.44%.85% *since inception May 06 MONTHLY PERFORMANCE REVIEW JAPAN EQUITY LONG/SHORT The Japan Equity Long/Short sub-portfolio contributed +0.04% in September, with 4 managers up (+0.% to +.4%) and managers down (-0.5% to -.9%). There were no manager changes as of October st in this sub-portfolio. ETF purchase from the BOJ has initiated a new round of sector rotation. Managers with market risk neutrality are preferred. Upcoming earning season may help market to turn more focus on fundamental rather than fund flows. ASIA EX-JAPAN EQUITY LONG/SHORT The Asia ex-japan Equity Long/Short sub-portfolio contributed -0.05% in September, with 8 of our managers up (+0.% to +.%) and managers down (-0.4% to -.6%). There was manager removed as of October st in this sub-portfolio. The recent capital inflow into Asia increased trading volume locally and it provides a better environment for trading oriented strategy. The decease of Thailand s King may introduce some volatility in the region. MACRO There were no manager changes as of October st in this sub- The Macro sub-portfolio contributed -0.0% in September, with manager down (-0.7%). portfolio. Higher volatility may benefit macro managers who use options as their trading instruments. MULTI-STRATEGY EQUITY TRADING The Multi-Strategy Equity Trading sub-portfolio contributed +0.04% in September, with manager up (+.7%). October st in this sub-portfolio. There was manager added as of Data show stocks correlation has come down and pair trading strategies may provide good alpha. PORTFOLIO OVERVIEW AND CHANGES In September, global markets were trendless and produced mixed returns. In the first half of the month, developed markets fell in response to the ECB s disappointing lack of clarity over new quantitative easing and increasing expectations of a U.S. rate hike. Trading volume was light in the latter half of the month ahead of the BOJ and U.S. central banks meetings. More importantly, the U.S. Department of Justice s $4bn litigation charge against Deutsche Bank turned market sentiment bearish. As a result, the S&P 500 and Eurostoxx indices recorded -0.% and -0.69% losses respectively. In Asia, Chinese stocks outperformed and they continued to rebound through September. China s decision to allow its insurance companies to invest in Hong Kong markets further improved the market sentiment, bringing the HSCEI up +0.4% by month end. The Nikkei 5 Index was down -.59% as the market rotated away from large blue chip stocks towards mid-small cap stocks. The portfolio produced an estimated net return of -0.0% in September while the Eurekahedge Asia Pacific Fund of Funds Index and MSCI AC Asia Pacific Index were up +0.% and +.5% respectively. Managers recorded mixed results across sub-portfolios, including for Chinese trading oriented managers, and Taiwanese technology related strategies faced a continuing challenge. In Japan, the market was distorted by the BOJ s ETF buying activities, and the strong rotation from momentum stocks to value stocks hindered the ability of the portfolio s Japanese managers to create alpha. The macro manager was a small detractor this month due to a lack of market trends. Finally, multi-strategy managers posted good returns due to their bullish views on asset classes such as equities and commodities. In terms of portfolio adjustment, the fund subscribed into a Japanese manager who implements a trading oriented strategy. The team also removed one manager in the portfolio due to operational issues. As a result, the portfolio consists of 9 managers as of October st., Talstrasse 8, 800 Zurich

4 Investment Terms Identification Currency Management Fee Liquidity ISIN Bloomberg A Shares "A" "AA" "AB" "AF" USD Amount equivalent to EUR 5,000.- at any time % %.5% % 0% with HWM 0% with HWM 0% with HWM 0% with HWM Quarterly, 5 days notice Monthly, 5 days notice Annually, 5 days notice Monthly, 5 days notice % in st year LU44775 LU LU LU ALPEAAF LX EQUITY B Shares Identification "B" "BA" "BB" "BF" Currency EUR Amount equivalent to EUR 5,000.- at any time Management Fee % %.50% % 0% with HWM 0% with HWM 0% with HWM 0% with HWM Liquidity Quarterly, 5 days notice Monthly, 5 days notice Annually, 5 days notice Monthly, 5 days notice % in st year ISIN LU LU LU LU4478 Bloomberg ALPEABF LX EQUITY C Shares D Shares Identification "C" "CA" "CF" "D" Currency CHF JPY Amount equivalent to EUR 5,000.- at any time Management Fee % 0% with HWM 0% with HWM 0% with HWM Liquidity Quarterly, 5 days notice Monthly, 5 days notice Quarterly, 5 days notice % in st year ISIN LU LU LU LU Bloomberg The information in the above "Investment Terms" table is for reference only and summarized from the Fund's Offering Memorandum (the "OM"). In case of doubt or discrepancy of the information between the table and the OM, the OM shall prevail. Bloobmerg ticker availabe for invested share classes., Talstrasse 8, 800 Zurich

5 LEGAL DISCLAIMER This document does not constitute an offer to anyone, or a solicitation by anyone, to make any investments in securities. Such offer will only be made by means of a personal, confidential memorandum. This document is for the intended recipient only and may not be transmitted or distributed to third parties. Past performance is not a guide to future performance and may not be repeated. You should remember that the value of investments can go down as well as up and is not guaranteed. The actual performance realized by any given investor depends on, amongst other things, the currency fluctuations, the investment strategy invested into and the classes of interests subscribed for the period during which such interests are held. For further information pertaining to risks, please refer to section 4 of the Offering Memorandum (as amended from time to time). Nothing contained in this document constitutes financial, legal, tax, investment or other advice, nor should any investment or any other decisions be made solely based on this document. Any investment decision should be but should be based on the Offering Memorandum, the Annual Report and the Subscription forms etc. Although all information and opinions expressed in this document were obtained from sources believed to be reliable and in good faith, no representation or warranty, express or implied, is made as to its accuracy or completeness and no liability is accepted for any direct or indirect damages resulting from or arising out of the use of this information. All information as well as any prices indicated is subject to change without notice. Any information on asset classes, asset allocations and investment instruments is only indicative. Before entering into any transaction, investors should consider the suitability of the transaction to their own individual circumstances and objectives. The opinions expressed in this document are those of as at the preparation date of this document and may changes at any time and without notification. Unless otherwise stated, all figures are unaudited. We strongly suggest that you consult your independent advisors in relation to any legal, tax, accounting and regulatory issues before making any investments. This publication may contain information obtained from third parties, including but not limited to rating agencies such as Standard & Poor s, Moody s and Fitch. Reproduction and distribution of third-party content in any form is prohibited except with the prior written permission of the related third party. Alpinum Investment Management AG and the third-party providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and will not be responsible for any errors or omissions (negligent or otherwise), or for the results obtained from the use of such content. Third-party data are owned by the applicable third parties and are provided for your internal use only. Such data may not be reproduced or re-disseminated and may not be used to create any financial instruments or products, or any indices. Such data are provided without any warranties of any kind. This document must not be issued, circulated or distributed other than to professional investors as defined in CISA. If you have any enquiries concerning the document please contact your Alpinum Investment Management AG contact for further information. The document is not directed to any person in any jurisdiction which is prohibited by law to access such information. In particular, this document and the information contained herein are addressed exclusively to qualified investors, who are not US persons as defined in Regulation S of the US Securities Act of 9. Consequently, neither this document, nor copies thereof may be sent or brought to the United States of America nor delivered to a US person. All information is subject to copyright with all rights reserved. Any communication with Alpinum Investment Management AG may be recorded. is incorporated in Switzerland and is licensed and regulated by the Swiss Financial Market Supervisory Authority (FINMA) as an asset manager of collective investment schemes. The Fund is compliant with Swiss law for distribution to qualified investors as defined in applicable Swiss law and regulations. This document may not be issued, circulated or disseminated to (Swiss) non- qualified investors. Nothing may be undertaken that would constitute distribution to (Swiss) non-qualified investors and/or require the Fund to register for public distribution or any other additional product registration and/or require to obtain an additional and/or different license in Switzerland or any other country as defined in applicable law and regulations. Contact Information: Talstrasse 8 CH-800 Zurich Tel: Fax: info@, Talstrasse 8, 800 Zurich

3A Alternative Funds. 3A Multi Strategy Fund (USD, EUR, CHF, GBP)

3A Alternative Funds. 3A Multi Strategy Fund (USD, EUR, CHF, GBP) 3A Alternative Funds is a SICAV (Société d'investissement à Capital Variable) established under of the Luxembourg Law of 20 December 2002 and authorised for public distribution in Switzerland as a fund

More information

Areca Sicav SIF-Value Discovery August 2017

Areca Sicav SIF-Value Discovery August 2017 Areca Sicav SIFValue Discovery August 2017 Share Class B USD NAV 121.56 (ISIN: LU0883254434, Swiss Valor: 20540754, Bloomberg: ARVADBS LX) 2017 0.53% 0.83% 0.97% 0.31% 0.60% 0.46% 0.96% 0.50% 4.32% 2016

More information

Areca Sicav SIF-Value Discovery January 2017

Areca Sicav SIF-Value Discovery January 2017 Areca Sicav SIF-Value Discovery January 2017 Share Class B USD NAV 117.33 (ISIN: LU0883254434, Swiss Valor: 20540754, Bloomberg: ARVADBS LX) 2017 0.69% 0.69% 2016-0.27% -1.53% -0.63% -1.26% 0.49% -0.75%

More information

ChinaAMC China Opportunities Fund Fund Factsheet

ChinaAMC China Opportunities Fund Fund Factsheet ChinaAMC China Opportunities Fund Fund Factsheet As of 30 November 2012 37/F, Bank of China Tower, 1 Garden Road, Hong Kong This Fund has not been authorized by the Hong Kong Securities and Futures Commission

More information

Power your way to higher yields

Power your way to higher yields Schroder Asian Income SGD Class Power your way to higher yields * Distributions at a variable percentage per annum of the net asset value per unit of the Schroder Asian Income SGD Class (the Fund ) will

More information

Power. Schroder Asian Income. your way to higher yields. p.a.

Power. Schroder Asian Income. your way to higher yields. p.a. Schroder Asian Income POTENTIAL PAYOUTS 6% PAID MONT HLY* p.a. Power your way to higher yields * It is Schroder Investment Management (Singapore) Ltd s (the Manager s ) current intention to declare distributions

More information

HSBC Global Investment Funds - Asia Pacific ex Japan Equity High Dividend Share Class AS

HSBC Global Investment Funds - Asia Pacific ex Japan Equity High Dividend Share Class AS HSBC Global Investment Funds - Asia Pacific ex Japan Equity High Dividend Share Class 28 Feb 2018 28/02/2018 Fund Objective and Strategy The Fund aims to provide both dividend yield and total return (meaning

More information

Eastspring Investments Asian Low Volatility Equity Fund

Eastspring Investments Asian Low Volatility Equity Fund Factsheet Singapore August 2018 All data as at 31 July 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 305.7 Fund base currency Fund dealing

More information

Eastspring Investments Asian Low Volatility Equity Fund

Eastspring Investments Asian Low Volatility Equity Fund Factsheet Singapore December 2018 All data as at 30 November 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 293.4 Fund base currency Fund

More information

Eastspring Investments Asian Low Volatility Equity Fund

Eastspring Investments Asian Low Volatility Equity Fund Factsheet Singapore October 2018 All data as at 30 September 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 307.3 Fund base currency Fund

More information

HSBC Global Investment Funds - Asia ex Japan Equity Smaller Companies Share Class AD (Active - Closed to All Investors)

HSBC Global Investment Funds - Asia ex Japan Equity Smaller Companies Share Class AD (Active - Closed to All Investors) HSBC Global Investment Funds - Asia ex Japan Equity Smaller Companies Share Class (Active - Closed to All Investors) 28 Feb 2018 28/02/2018 Fund Objective and Strategy The Fund aims to provide long-term

More information

Asia Market Outlook: Expecting the Unexpected

Asia Market Outlook: Expecting the Unexpected March 2017 Asia Market Outlook: Expecting the Unexpected Affin Hwang Asset Management Berhad (429786-T) 1 Table of contents Where are we today? Market Outlook 2017: Asia Why Affin Hwang Absolute Return

More information

HSBC Collective Investment Trust HSBC Asia Pacific ex Japan Equity Volatility Focused Fund

HSBC Collective Investment Trust HSBC Asia Pacific ex Japan Equity Volatility Focused Fund Important information: The Fund invests mainly in Asia Pacific ex Japan Equity. The Fund is subject to the risks of investing in emerging markets. The Fund may invest in financial derivative instruments

More information

AFC VIETNAM FUND UPDATE

AFC VIETNAM FUND UPDATE Fund Category Vietnam Public Equities Country Focus Subscriptions Redemptions Benchmark Fund Manager Investment Manager Investment Advisor Fund Base Currency Vietnam Monthly at NAV (five business days

More information

Asset Management. CS (Lux) Prima Family Presentation. Review Q CS (Lux) Prima Multi-Strategy Fund CS (Lux) Prima Growth Fund.

Asset Management. CS (Lux) Prima Family Presentation. Review Q CS (Lux) Prima Multi-Strategy Fund CS (Lux) Prima Growth Fund. CS (Lux) Prima Family Presentation Review Q3 2014 CS (Lux) Prima Multi-Strategy Fund CS (Lux) Prima Growth Fund December 2014 Merger Deal-Break: AbbVie vs Shire Source: Bloomberg; data as of Nov 2014 Historical

More information

Your gateway to Asia s strong growth potential. Schroder Asian Income

Your gateway to Asia s strong growth potential. Schroder Asian Income Your gateway to Asia s strong growth potential Asian economies rank amongst the fastest-growing and most dynamic globally. The region is set to remain as the world s growth engine for years to come. (the

More information

Multi Asset Indices Selection and Rebalance Dates

Multi Asset Indices Selection and Rebalance Dates 29 January 2015 DBIQ Index Selection Report Multi Asset Indices Selection and Rebalance Dates The report is designed to provide the details of future dates of selection and rebalance of various Multi-Asset

More information

Alternative Funds Solutions Credit Suisse (Lux) Multi-Advisor Equity Alpha Fund

Alternative Funds Solutions Credit Suisse (Lux) Multi-Advisor Equity Alpha Fund Asset Management Alternative Investments Alternative Funds Solutions Credit Suisse (Lux) Multi-Advisor Equity Alpha Fund Dirk Wieringa January 2017 Best Ideas Long/Short Equity January 2017 2 Review of

More information

Active Asset Allocation Growth II

Active Asset Allocation Growth II Marketing Material Active Asset Allocation Growth II Balanced Funds - Flexible May 2018 As at 31/05/2018 Fund Data Investment Policy Active Asset Allocation Growth II aims to generate a positive performanc

More information

HSBC Global Investment Funds Global High Yield Bond

HSBC Global Investment Funds Global High Yield Bond Important information: The Fund invests primarily in non-investment grade and unrated bonds. For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses.

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore October 2018 All data as at 30 September 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,027.1 Fund base currency Fund dealing

More information

Factsheet Reichmuth Himalaja USD December 2016

Factsheet Reichmuth Himalaja USD December 2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Factsheet Reichmuth Himalaja USD December 2016 Indexed performance (net of fees) 2 000 1 750 1 500 1 250 1 000 750 500 250 - Yearly performance

More information

DB Platinum IV Systematic Alpha

DB Platinum IV Systematic Alpha DB Platinum IV Systematic Alpha Investment Strategy Fund Assets under Management: $ 1,449,305,632 DB Platinum IV Systematic Alpha (the "Fund") is an open-ended UCITS compliant fund with Winton Capital

More information

Multi Asset Indices Selection and Rebalance Dates

Multi Asset Indices Selection and Rebalance Dates 30 Jan 2017 DBIQ Index Selection Report Multi Asset Indices Selection and Rebalance Dates The report is designed to provide the details of future selection and rebalance dates of various Multi-Asset Indices

More information

Morgan Stanley Investment Funds Global Balanced Risk Control Fund of Funds

Morgan Stanley Investment Funds Global Balanced Risk Control Fund of Funds Investment management For Marketing Purposes Only FACTSHEET DATA AS OF October 31, 2017 Morgan Stanley Investment s Global Balanced Risk Control of s Investment objective Seeks an attractive level of total

More information

ETF portfolio review, 30th September ETF portfolios with ESG overlay. market overview. portfolio performance

ETF portfolio review, 30th September ETF portfolios with ESG overlay. market overview. portfolio performance ETF portfolio review, 30th September 2017 market overview All our ETF portfolios performed better than s in September and all portfolios bar fixed-income continued to add to their gains year-to-date. Our

More information

CFI Multi-Strategy Equity Fund, LLC Objective and Strategy March 31, 2015

CFI Multi-Strategy Equity Fund, LLC Objective and Strategy March 31, 2015 CFI Multi-Strategy Equity Fund, LLC Objective and Strategy Objective To offer an actively managed, multi-manager investment program that will provide broad exposure to global equity markets. The fund seeks

More information

6,606,978, % 6,606,978, % 6,606,978, % % NAV % (4) Equity Derivatives Warrants, Rights & Subscriptions

6,606,978, % 6,606,978, % 6,606,978, % % NAV % (4) Equity Derivatives Warrants, Rights & Subscriptions Pershing Square Holdings, Ltd. (the "Company") ** - Includes C Stratum Investor Reporting as of 31-Jan-2015 Confirmations & Qualifications Stratum Ref No : F000001258:31JAN2015:10 Morgan Stanley Fund Services

More information

DB Platinum IV Systematic Alpha

DB Platinum IV Systematic Alpha DB Platinum IV Systematic Alpha Investment Strategy Fund Assets under Management: $ 1,347,537,095 DB Platinum IV Systematic Alpha (the "Fund") is an open-ended UCITS compliant fund with Winton Capital

More information

Schroder ISF Global Conservative Convertible Bond. Schroder ISF Asian Convertible Bond

Schroder ISF Global Conservative Convertible Bond. Schroder ISF Asian Convertible Bond Marketing material for professional investors and advisors only. Convertible Bonds Schroder ISF 1 Global Convertible Bond Schroder ISF Global Conservative Convertible Bond Schroder ISF Asian Convertible

More information

LIMMAT CAPITAL ALTERNATIVE INVESTMENTS

LIMMAT CAPITAL ALTERNATIVE INVESTMENTS , Ltd. August 213 Performance Update 267.26 EUR EUR 117.47 USD USD 11.86 Fund Size 1 121 m is a tactical long/short equity trading fund with a focus on liquid European equities and equity futures. Dear

More information

HSBC Global Investment Funds - Economic Scale Global Equity

HSBC Global Investment Funds - Economic Scale Global Equity HSBC Global Investment Funds - Economic Scale Global Equity S Share Class 31 Jan 2019 31/01/2019 Fund Objective and Strategy Investment Objective The Fund aims to provide long-term total return (meaning

More information

Monthly Report. June ,57

Monthly Report. June ,57 NAV JUNE 2017 1 YEAR 3 YEARS 5 YEARS SINCE INCEPTION Global Allocation Fund* 104,98-5,71% -0,43% 22,75% 17,01% 172,77% 176,64% 350.000 Performance of 100.000 March 31, 2006 to June 30, 2017 300.000 Global

More information

HSBC Global Investment Funds - Chinese Equity

HSBC Global Investment Funds - Chinese Equity HSBC Global Investment Funds - Chinese Equity S Share Class 31 Jan 2019 31/01/2019 Fund Objective and Strategy Investment Objective The Fund seeks long-term capital growth by investing in a portfolio of

More information

Global Convertible Bonds Investment Rationale

Global Convertible Bonds Investment Rationale Marketing material for professional investors or advisers only Global Convertible Bonds Investment Rationale Strategy overview 10 year Schroders has been offering convertible bond strategies now for ten

More information

HSBC Global Investment Funds Chinese Equity

HSBC Global Investment Funds Chinese Equity Important information: The Fund invests primarily in Chinese equities. The Fund is subject to the concentration and emerging market risks of investing in a single emerging market. The Fund may invest in

More information

Eastspring Investments Asian Local Bond Fund

Eastspring Investments Asian Local Bond Fund Factsheet Singapore January 2018 All data as at 31 December 2017 unless otherwise stated Eastspring Investments Asian Local Bond Fund RATINGS Class A Morningstar Overall Rating QQQ FUND DETAILS Fund size

More information

Flash Note Japanese equities bolstered by the Bank of Japan

Flash Note Japanese equities bolstered by the Bank of Japan FLASH NOTE Flash Note Japanese equities bolstered by the Bank of Japan Japanese equities face headwinds, but the Bank of Japan (BoJ) is supportive Pictet Wealth Management - Asset Allocation & Macro Research

More information

4th - Asian Fixed Income Summit Investing in Asia s Fixed Income Market

4th - Asian Fixed Income Summit Investing in Asia s Fixed Income Market 4th - Asian Fixed Income Summit Investing in Asia s Fixed Income Market September 217 Derek Armstrong Credit Suisse Head of Debt Capital Markets, Asia Pacific These materials may not be used or relied

More information

Man AHL Diversified Markets EU

Man AHL Diversified Markets EU This material is of a promotional nature. Man AHL Diversified Markets EU FUND AIM Man AHL Diversified markets EU provides investors access to the AHL Diversified Programme. It aims to generate returns

More information

Option replication: an innovative approach to face a non-performing market environment

Option replication: an innovative approach to face a non-performing market environment Option replication: an innovative approach to face a non-performing market environment Presentation for Mondo Hedge November 2010 Contents 1 Motivation to option replication 2 Illustrations of option replication

More information

Smart Beta: Unlocking key drivers of return

Smart Beta: Unlocking key drivers of return Smart Beta: Unlocking key drivers of return Manuela Sperandeo, Head of EII Specialist Sales EMEA March 2017 For professional clients / qualified investors only Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16

More information

Man AHL Diversified Futures

Man AHL Diversified Futures This material is of a promotional nature. REPORTING CLASS: Ltd FUND AIM Ltd provides investors access to the AHL Diversified Programme. It aims to generate returns in the medium term through computerised

More information

INVESTMENT OBJECTIVE 14.05% Year to Date (YTD)

INVESTMENT OBJECTIVE 14.05% Year to Date (YTD) MIRAE ASSET ASIA PACIFIC EQUITY "A" ACC ISIN LU0336300859 Structure: Fund Group: Fund Mgmt. Co.: UCI: Classification Allfunds Category: Asia ex-japan General Eq. European Fund Classification: - Fund Benchmark:

More information

Outlook and Strategy Asia/Global Funds

Outlook and Strategy Asia/Global Funds Q4207 Outlook and Strategy Asia/Global Funds Investment Theme Interest Rate Normalisation Causes Short-term Volatility for Global Bonds The strong economic data in the U.S. and eurozone will continue to

More information

ETFs: Regulatory (High) Impact. Commerzbank, leaders in ETF February 2018

ETFs: Regulatory (High) Impact. Commerzbank, leaders in ETF February 2018 ETFs: Regulatory (High) Impact Commerzbank, leaders in ETF February 2018 What are ETFs? Securities that track the value of an index, commodities or a basket of assets and trade like a stock on the exchange

More information

HSBC Global Investment Funds - Chinese Equity

HSBC Global Investment Funds - Chinese Equity HSBC Global Investment Funds - Chinese Equity S Share Class 31 Aug 2018 31/08/2018 Fund Objective and Strategy Investment Objective The Fund seeks long-term capital growth by investing in a portfolio of

More information

Schroder ISF Global Multi-Asset Income

Schroder ISF Global Multi-Asset Income Unconstrained income investing Schroder ISF Global Multi-Asset Income SGD Share Classes Schroder ISF Global Multi-Asset Income (the "Fund") is designed to help investors generate regular income regardless

More information

Asia Equity Strategy Research Analysts Sakthi Siva

Asia Equity Strategy Research Analysts Sakthi Siva Asia Pacific Equity Research Investment Strategy Asia Equity Strategy Research Analysts Sakthi Siva 65 6212 3027 sakthi.siva@credit-suisse.com Kin Nang Chik 852 2101 7482 kinnang.chik@credit-suisse.com

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore February 2018 All data as at 31 January 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,253.4 Fund base currency Fund dealing

More information

CitiSelect Asia Tilt Balanced

CitiSelect Asia Tilt Balanced CitiSelect Portfolios CitiSelect Asia Tilt Balanced As at 31 July 2006 INVESTMENT MANAGER Smith Barney Fund Management LLC ABOUT THE FUND The Fund seeks to increase capital value through a balanced investment

More information

Pioneer Alternative Investments Funds of Hedge Funds. Mark Barker. Co-CIO Pioneer Alternative Investments FOHFs May 2008

Pioneer Alternative Investments Funds of Hedge Funds. Mark Barker. Co-CIO Pioneer Alternative Investments FOHFs May 2008 Pioneer Alternative Investments Funds of Hedge Funds Mark Barker. Co-CIO Pioneer Alternative Investments FOHFs May 2008 Evolving World of Investment Choices Traditional Investments Traditional Alternatives

More information

AFC VIETNAM FUND UPDATE

AFC VIETNAM FUND UPDATE Fund Category Vietnam Public Equities Country Focus Subscriptions Redemptions Benchmark Fund Manager Investment Manager Investment Advisor Fund Base Currency Vietnam Monthly at NAV (five business days

More information

AI: Weighted Sector Strategy DEC

AI: Weighted Sector Strategy DEC KEN STERN & ASSOCIATES DEC 31 2016 1 Tactical Rebalanced AI: Strategy DEC 31 2016 Ken Stern & Associates Strategy seeks to track the investment results of the Morgan Stanley Capital International USA Investable

More information

EUR-USD USD-JPY AUD-USD USD-SGD GBP-USD** XAU-USD** Spot Support

EUR-USD USD-JPY AUD-USD USD-SGD GBP-USD** XAU-USD** Spot Support FX STRATEGY 7 January 03 The comments represented in this publication are made on the basis of a week outlook Contents EUR USD Pg USD JPY Pg 3 AUD USD Pg USD SGD Pg 5 GBP USD Pg 6 XAU USD Pg 7 Interest

More information

Hedge Funds. HSBC Funds of Hedge Funds Monthly Investment Report. September HSBC Alternative Investments Limited. For Existing Investors Only

Hedge Funds. HSBC Funds of Hedge Funds Monthly Investment Report. September HSBC Alternative Investments Limited. For Existing Investors Only Hedge Funds HSBC Funds of Hedge Funds Monthly Investment Report September 2013 HSBC Alternative Investments Limited For Existing Investors Only Contents 1. Investor Letter 3 2. Performance Overview 4 3.

More information

GS US Equity Absolute Return Portfolio

GS US Equity Absolute Return Portfolio GS US Equity Absolute Return Portfolio For Investors seeking long-term capital appreciation and attractive risk adjusted returns in a variety of market environments 0311 Key Points The GS US Equity Absolute

More information

Preference. Fund Performance Booklet. Performance Data. Risk Rating

Preference. Fund Performance Booklet. Performance Data. Risk Rating Performance Data This booklet contains a number of different performance measures and time periods to help you assess the Preference fund range. The data used to arrive at the figures shown is provided

More information

Preference. Fund Performance Booklet. Performance Data. Risk Rating

Preference. Fund Performance Booklet. Performance Data. Risk Rating Performance Data This booklet contains a number of different performance measures and time periods to help you assess the fund range. The data used to arrive at the figures shown is provided by Morningstar.

More information

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS* OVERVIEW Index Name: Helios Alpha Index Ticker: Inception Date: September 30, 2003 S&P Launch Date: March 3, 2017 Benchmark: MSCI ACWI Index INDEX PERFORMANCE HISTORY As of: October 31, 2018 DESCRIPTION

More information

Global Tactical Asset Allocation

Global Tactical Asset Allocation Global Tactical Asset Allocation This material is solely for informational purposes to be viewed in conjunction with this presentation. The information presented should not be construed as representative

More information

Preference. Fund Performance Booklet. Performance Data. Risk Rating

Preference. Fund Performance Booklet. Performance Data. Risk Rating Performance Data This booklet contains a number of different performance measures and time periods to help you assess the Preference fund range. The data used to arrive at the figures shown is provided

More information

HSBC Global Investment Funds - BRIC Equity

HSBC Global Investment Funds - BRIC Equity HSBC Global Investment Funds - BRIC Equity S Share Class (Active - Closed to New Investors) 31 Jan 2019 31/01/2019 Fund Objective and Strategy Investment Objective The Fund aims to provide long-term total

More information

DB Platinum IV Systematic Alpha

DB Platinum IV Systematic Alpha DB Platinum IV Systematic Alpha Investment Strategy Fund Assets under Management: $ 1,227,765,382 DB Platinum IV Systematic Alpha (the "Fund") is an open-ended UCITS compliant fund with Winton Capital

More information

Asset allocation achieving the right mix

Asset allocation achieving the right mix Asset allocation achieving the right mix Learning outcomes The objective of the presentation is to help develop your understanding of: The benefits and drawbacks of a range of asset allocation styles The

More information

AFC VIETNAM FUND UPDATE

AFC VIETNAM FUND UPDATE Fund Category Country Focus Subscriptions Redemptions Benchmark Fund Manager Investment Manager Investment Advisor Vietnam Public Equities Vietnam Monthly at NAV (five business days before month end) Monthly

More information

Capital International Fund (CIF)

Capital International Fund (CIF) Capital International Fund (CIF) Simplified Prospectus CIF Global Equity Fund CIF All Country Equity Fund CIF European Equity Fund CIF Japan Equity Fund CIF Asia Pacific (All Countries) ex-japan Equity

More information

Please scroll to find the 2018 and 2019 global fund holiday calendars.

Please scroll to find the 2018 and 2019 global fund holiday calendars. Please scroll to find the 2018 and 2019 global fund holiday calendars. 2018 Exchange-Traded fund holiday Vanguard Ireland-domiciled ETFs Jan Feb Mar Apr May Jun 1 2 5 12 15 25 9 12 14 15 16 19 28 20 29

More information

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS* OVERVIEW Index Name: Helios Diversified Index Ticker: Inception Date: September 30, 2003 S&P Launch Date: March 3, 2017 : 45% MSCI ACWI / 25% BBgBarc Agg Bond / 30% Morningstar Div Alts Morningstar SecID:

More information

Outlook and Strategy Income Funds

Outlook and Strategy Income Funds Q 3 Outlook and Strategy Income Funds Industry Recognitions for Asian Fixed Income Capabilities Organiser Award Asia Asset Management Best of the Best Performance Awards 2015: Asian Bonds (3 years) 1 Best

More information

ECPI GLOBAL MEGATREND 100 EQUITY INDEX

ECPI GLOBAL MEGATREND 100 EQUITY INDEX ECPI FACTSHEET ECPI GLOBAL MEGATREND 100 EQUITY INDEX The Index offers investors liquid exposure to securities within investment themes that cut across traditional industry definitions and geographic boundaries.

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore September 2018 All data as at 31 August 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,050.8 Fund base currency Fund dealing

More information

Q Outlook and Strategy Income Funds

Q Outlook and Strategy Income Funds Q3 Outlook and Strategy Income Funds Industry Recognitions for Asian Fixed Income Capabilities Organiser Award Asia Asset Management Best of the Best Performance Awards 2015: Asian Bonds (3 years) 1 Best

More information

Outlook and Strategy Income Funds

Outlook and Strategy Income Funds Q 4 Outlook and Strategy Income Funds Industry Recognitions for Asian Fixed Income Capabilities Organiser Award Asia Asset Management Best of the Best Performance Awards 2015: Asian Bonds (3 years) 1 Best

More information

Capricorn GEM Fund. Objective. Manager's Comments 7,5% 199,7 6,3% (11,1%) 99,7% 2,4% 189,3 89,3% (14,0%) 2,1% 6,9% 4,2% 89,8% 4,8% 7,0% (13,0%) 189,8

Capricorn GEM Fund. Objective. Manager's Comments 7,5% 199,7 6,3% (11,1%) 99,7% 2,4% 189,3 89,3% (14,0%) 2,1% 6,9% 4,2% 89,8% 4,8% 7,0% (13,0%) 189,8 Objective The Fund is a US Dollar denominated, moderate risk, equity long/short hedge fund, which aims to achieve superior risk-adjusted returns on an absolute basis over any 12 month period by investing

More information

HSBC Global Investment Funds - Managed Solutions - Asia Focused Income Share Class AM2

HSBC Global Investment Funds - Managed Solutions - Asia Focused Income Share Class AM2 HSBC Global Investment Funds - Managed Solutions - Asia Focused Income Share Class AM2 31 Aug 2018 AM2 31/08/2018 Fund Objective and Strategy Investment Objective The Fund invests for both income and some

More information

HSBC Global Investment Funds - Global Equity Volatility Focused

HSBC Global Investment Funds - Global Equity Volatility Focused HSBC Global Investment Funds - Global Equity Volatility Focused S Share Class 30 Sep 2018 30/09/2018 Fund Objective and Strategy Investment Objective The Fund aims to provide long-term total return (meaning

More information

Lyxor / Winton Capital Management Fund Limited - CLASS B

Lyxor / Winton Capital Management Fund Limited - CLASS B OVERVIEW NAV per share on 19-Feb-13 USD 354.00 Fund Details Trading Advisor Details Fees Fund inception date Denomination ISIN Available classes Liquidity Listing Prime Broker Auditor Administrator May-2002

More information

SGX China Equity Index Derivatives Monthly Commentary

SGX China Equity Index Derivatives Monthly Commentary 5:: PM 5:3: PM 6:: PM 6:3: PM 7:: PM 7:3: PM 8:: PM 8:3: PM 9:: PM 9:3: PM 1:: PM 1:3: PM 11:: PM 11:3: PM 12:: AM 12:3: AM 1:: AM 1:3: AM Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14

More information

Japan Small Cap Fund (UCITS) Class A JPY

Japan Small Cap Fund (UCITS) Class A JPY Satoshi Marui, Chief Portfolio Manager, has been managing Japanese equities for over 20 years. He has been dedicated to, and responsible for the strategy since its inception in 2005. Performance 1 5.0%

More information

Alternative Investments: Risks & Returns

Alternative Investments: Risks & Returns Alternative Investments: Risks & Returns THE FAMILY ALTERNATIVE INVESTMENT CONFERENCE February 2007, Monaco Hossein Kazemi, PhD, CFA Managing Partner, AIA Professor of Finance, Univ of Massachusetts kazemi@alternativeanalytics.com

More information

HSBC Global Investment Funds - Indian Equity

HSBC Global Investment Funds - Indian Equity HSBC Global Investment Funds - Indian Equity S Share Class 28 Feb 2019 28/02/2019 Fund Objective and Strategy Investment Objective The Fund seeks long-term total return (meaning capital growth and income)

More information

Credit Suisse Swiss Pension Fund Index Q1 2018

Credit Suisse Swiss Pension Fund Index Q1 2018 Credit Suisse Swiss Pension Fund Index Q1 2018 Q1 2018: 1.33% Performance correction in Q1 2018 Negative contribution from all asset classes except real estate and mortgages Equity component shows a fall

More information

EBFINANZ WORLD PORTFOLIO

EBFINANZ WORLD PORTFOLIO 17.01.2019 EBFINANZ WORLD PORTFOLIO EBFINANZ AG CH0234032628 AMC COMPOSITION REPORT This Product is a derivative instrument. It does not qualify as unit of collective investment scheme pursuant to art.7

More information

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS* Jun 09 Dec 09 Jun 10 Dec 10 Jun 11 Dec 11 Jun 12 Dec 12 Jun 13 Dec 13 Jun 14 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17 Jun 18 Dec 18 Dec 07 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08

More information

EBFINANZ WORLD PORTFOLIO

EBFINANZ WORLD PORTFOLIO 24.01.2019 EBFINANZ WORLD PORTFOLIO EBFINANZ AG CH0234032628 AMC COMPOSITION REPORT This Product is a derivative instrument. It does not qualify as unit of collective investment scheme pursuant to art.7

More information

MANAGED FUTURES INDEX

MANAGED FUTURES INDEX MANAGED FUTURES INDEX COMMENTARY + STRATEGY FACTS NOVEMBER 2018 CUMULATIVE PERFORMANCE ( SINCE JANUARY 2007* ) 140.00% 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% AMFERI BARCLAY BTOP50 CTA INDEX

More information

Schroder Asian Income Monthly Fund Update

Schroder Asian Income Monthly Fund Update Schroder Asian Income Monthly Fund Update Fund Performance As at 30 September 2014, SGD 1 month Year to date Since launch* Schroder Asian Income Fund (Bid-Bid) (%) -1.7 8.4 35.2 Schroder Asian Income Fund

More information

PRODUCT KEY FACTS Eastspring Investments US Investment Grade Bond Fund

PRODUCT KEY FACTS Eastspring Investments US Investment Grade Bond Fund PRODUCT KEY FACTS Eastspring Investments US Investment Grade Bond Fund Issuer: Eastspring Investments (Luxembourg) S.A. April 2017 This statement provides you with key information about Eastspring Investments

More information

Goldman Sachs Long Short Fund

Goldman Sachs Long Short Fund Goldman Sachs Long Short Fund Contextualizing Historical Performance Goldman Sachs Asset Management January 2016 Risk Considerations The Goldman Sachs Long Short Fund invests primarily in the global equity

More information

Gold - key charts, price outlook

Gold - key charts, price outlook 13 October, 2017 www.icbcstandard.com This is a marketing communication which has been prepared by a trader, sales person or analyst of ICBC Standard Bank Plc, or its affiliates ( ICBCS ) and is provided

More information

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS*

INDEX PERFORMANCE HISTORY MARKET CYCLE ANALYSIS* OVERVIEW Index Name: Helios Dynamic Risk 13% Index Ticker: Inception Date: February 28, 2005 S&P Launch Date: March 3, 2017 Benchmark: 65% MSCI ACWI / 35% BBgBarc Agg Bond Morningstar SecID: F00000YYHJ

More information

Morgan Stanley Investment Funds Asia Opportunity Fund

Morgan Stanley Investment Funds Asia Opportunity Fund Investment management For Marketing Purposes Only FACTSHEET DATA AS OF October 31, 2017 Morgan Stanley Investment Funds Asia Opportunity Fund Investment objective Seeks long-term capital appreciation by

More information

VAM INTERNATIONAL REAL ESTATE EQUITY FUND

VAM INTERNATIONAL REAL ESTATE EQUITY FUND FEBRUARY 2019 VAM INTERNATIONAL REAL ESTATE EQUITY FUND E CLASS FUND DETAILS OBJECTIVE The investment objective of the Fund is to achieve significant capital appreciation over each full market cycle. To

More information

Eastspring Investments Funds Monthly Income Plan

Eastspring Investments Funds Monthly Income Plan Factsheet Singapore December 2018 All data as at 30 November 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 959.2 Fund base currency Fund dealing

More information

WHY INDEX INVESTING IN FRONTIER MARKETS IS NOT ALWAYS A GOOD IDEA

WHY INDEX INVESTING IN FRONTIER MARKETS IS NOT ALWAYS A GOOD IDEA WHY INDEX INVESTING IN FRONTIER MARKETS IS NOT ALWAYS A GOOD IDEA FLC FAROS A CORPORATE GOVERNANCE CASE IN VIETNAM NOVEMBER 217 WHY INDEX INVESTING IN FRONTIER MARKETS IS NOT ALWAYS A GOOD IDEA TABLE OF

More information

PRODUCT KEY FACTS Invesco Asia Infrastructure Fund A sub-fund of Invesco Funds (SICAV)

PRODUCT KEY FACTS Invesco Asia Infrastructure Fund A sub-fund of Invesco Funds (SICAV) 31 May 2018 Morningstar Rating TM * AAA Important Information - The Fund invests in in a diversified portfolio of Asian securities of issuers which are predominantly engaged in infrastructure activities.

More information

Signature Perspectives Dynamic Global Asset Allocation

Signature Perspectives Dynamic Global Asset Allocation Signature Perspectives Dynamic Global Asset Allocation Signature Funds Portfolios Dynamic Global Asset Allocation As of 30 June 2012 Performance Review Investment Objective Seeks capital appreciation over

More information

Fund Performance - EUR March

Fund Performance - EUR March Fund Performance - EUR March 31 2010 SCORECARD European Equity Pioneer Funds - Core European Equity A 18 Dec 2000 LU0119364239 3.44 6.22 11.86 50.48-7.70 1.91-2.66 Pioneer Funds - Core European Equity

More information

Special Edition. Special Edition. of the Credit Suisse Swiss Pension Fund Index

Special Edition. Special Edition. of the Credit Suisse Swiss Pension Fund Index Special Edition Special Edition of the Credit Suisse Swiss Pension Fund Index Pension Fund Index loses 1.83 percent in January 2015 January s negative performance is also reflected in the asset allocation

More information