The right timing. TrendConcept Vermögensverwaltung GmbH. Tactical Asset Management Absolute Return Dynamic. Equities Gold Commodities

Transcription

1 The right timing Tactical Asset Management Absolute Return Dynamic Equities Gold Commodities Copyright by Copyright by

2 TrendConcept: the company and our investment philosophy The company! Independent portfolio manager, five founders/managing directors - unchanged since 1989! Specialises in technical/quantitative fund management! Track record in fund management going back to 1995 Investment philosophy! No forecasts, no subjective decisions! Tactical asset allocation derived from rules-based analysis! Transparent and understandable! Risk management is an integral part of the system! Asset allocation only in liquid market segments with top credit standing Investment objectives and typical performance pattern! Capital preservation has priority, security is generated systematically! Volatility and drawdown risks are reduced! Outperformance versus market indices across the cycle 2

3 TrendConcept: Awards (1) 3

4 TrendConcept: Awards (2) 4

5 TrendConcept: Awards (3) 5

6 TrendConcept: Awards (4) 6

7 TrendConcept: Awards (5) 7

8 TrendConcept Funds Management System Investment levels are based on medium-term market trends If the trend is clearly positive, the entire fund is invested in stocks. New action indicators are calculated every week. In the event of a downside breakout, some of the portfolio is sold or hedged. If downward breakouts continue and a negative trend becomes established, further shares are successively sold or hedged. In extreme cases, as for example in 2001/02, the fund may be fully hedged for a period ranging from a few weeks to several months. Then it essentially functions like a money market fund. During hedging phases, new upside action indicators are calculated. An upside breakout triggers closure of some of the hedges. If the positive trend continues, further hedges are successively closed out and the fund once again approaches full investment. It then functions like a normal equity fund. 8

9 Strategy: participation in positive markets + systematically reducing risk Breakout through downtrend since 2008 gives chances for further improvements within an already positive trend. 9

10 TrendConcept funds: EX50! European equities in the range from 0% to 100%! Physical portfolio according to the DJ EuroStoxx50, only blue chips! Hedging is done cost-effective via futures.! Remaining fund assets (plus those not invested under the above) are invested in sovereign bonds in Euros or fixed-term deposits.! Additional strategies available: relative stock selection, covered call writing.! Funds history of 17 years. 10

11 TrendConcept funds: EX50, performance 11

12 TrendConcept funds: EX50, results 12

13 TrendConcept funds: EX50, results 13

14 TrendConcept: EX50, retail and special funds 300 TrendConcept Funds Aggregates Eur. Equities /12/98 31/12/ /12/ /12/ /12/ /12/2013 TC Aggregates (inst.) DJEX50(TR) TC Aktien Europa (inst.) (TCAGG20) 14

15 TrendConcept funds: DAX + EX50! Equities from 0% to 100%: 50% Germany, 50% Rest of Euroland! Physical portfolio according to DAX 30 and DJ EuroStoxx50, only blue chips! Hedging is done cost-effective via futures.! Remaining fund assets (plus those not invested under the above) are invested in sovereign bonds in Euros or fixed-term deposits.! Additional strategies available: relative stock selection, covered call writing. 15

16 TrendConcept funds: DAX + EX50, performance 16

17 TrendConcept funds: DAX + EX50, results 17

18 TrendConcept funds: DAX + EX50, results 18

19 TrendConcept funds: DAX + DJIA! Equities from 0% to 100%: 50% Germany, 50% USA! Physical portfolio according to DAX 30 and DJ Industrial Av., only blue chips! Hedging is done cost-effective via futures.! Remaining fund assets (plus those not invested under the above) are invested in sovereign bonds in Euros or fixed-term deposits.! Currency risks (USD) are actively managed according to TC strategy. 19

20 TrendConcept funds: DAX + DJIA, performance 20

21 TrendConcept funds: DAX + DJIA, results 21

22 TrendConcept funds: DAX + DJIA, results 22

23 TrendConcept funds: absolute Return dynamic! Max. 60% equities with max. 30% each in German and US Equities.! Equity portfolio mirrors the DAX 30 and Dow Jones 30, i.e. blue chips only.! Effective equity investment is managed using the TrendConcept system; low cost implementation using hedging via futures.! Diversification: up to 20% commodities and 20% Gold.! Remaining fund assets (plus those not invested under the above) are invested in sovereign bonds in Euros or fixed-term deposits.! Currency risks within the fund are actively managed according to TC strategy. 23

24 TrendConcept funds: absolute return dynamic, characteristics! Prospect of high returns at balanced risk! Daily liquidity and high transparency! Ideal for diversification of conventional equity and bond portfolios! Funds are separate asset vehicles; no issuer risk! Tax transparency in UK, Luxembourg and Germany! No minimum investment! UCITS fund of funds! Low-cost fee structure 24

25 TrendConcept funds: absolute return dynamic, performance 25

26 TrendConcept funds: absolute return dynamic, performance 26

27 TrendConcept funds: absolute return dynamic, results 27

28 TrendConcept funds: absolute return dynamic, tactical asset allocation 28

29 TrendConcept funds: LLB Strategie Global Trend! Max. 50% equities with max. 15% in European/German, 25% U.S., and 10% Japan.! Equity portfolio mirrors the DAX 30 and S&P 500 and Topix, i.e. blue chips only.! Effective equity investment is managed using the TrendConcept system; low cost implementation using hedging via futures.! Diversification: up to 10% commodities and 10% Gold.! Remaining fund assets (plus those not invested under the above) are invested in sovereign bonds in Euros or fixed-term deposits.! Currency risks within the fund are managed according to TrendConcept system. 29

30 TrendConcept funds: LLB Strategie Global Trend, performance 30

31 TrendConcept funds: LLB Strategie Global Trend, results 31

32 TrendConcept funds: LLB Strategie Global Trend, tactical asset allocation 32

33 TrendConcept market analysis: Dow Jones Industrial 33

34 TrendConcept market analysis: Euro Stoxx 50 34

35 TrendConcept market analysis: DAX 35

36 TrendConcept market analysis: Gold 36

37 TrendConcept market analysis: Commodities 37

38 Friedrichstrasse Frankfurt/ Main Tel Fax Otto-von-Guericke Ring Wiesbaden Tel Fax fondsinfo@trendconcept.com All information given in this brochure has been carefully compiled. Statements in respect of past calculated performance figures cannot be guaranteed for the future, they depend on the development of international capital markets and on exchange rates. 38