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This fund has been successfully managed with a 10-year track record with excellent performance, particularly in difficult years. The main goal of the fund is to optimize asset allocation between short-term liquidity, shares and bonds, with a neutral allocation of a third of each.
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With a multi-manager advisory team, the fund invests mainly in European equities. However, depending on macroeconomic circumstances, the fund might be underinvested in equities or decide to protect its positions by selling futures on the indexes.
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As some major countries believe it is now time for reflation, the buy and hold approach is over for bonds. Thus, the fund believes that it can be of help to investors by being in the right instruments which will not only protect the capital but will also allow to take advantage of potential turmoil.
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The fund aims to deliver superior returns by investing in bonds, equities and currencies according to where value is to be found. This can lead to a reasonable concentration of investments in a particular sector or result in a higher cash position.
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The fund seeks capital growth by investing mainly in equities in Latin America, in particular its biggest market Brazil. In order to take advantage of market distortions, the fund has no obligation to be always invested.
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