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ALESSIA - ABSOLUTE RETURN MACRO Class R (Retail)

Steady growth with attention to capital protection

Strategy: Global Macro Multi Asset
Style: Discretionary

Risk level / SRRI: 1 2 3 4 5 6 7

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Suggested minimum investment horizon: 2 years

ProspectusKIID

Latest monthly report
Objectives and strategies of the fund

Alessia Absolute Return Macro is an absolute return fund with low volatility. Managers allocate the assets, on a global basis, through a discretionary process based on macro-economic research aimed at the existing imbalances in the prices of equities, government bonds, corporate debt securities or financial, foreign exchange rates and related derivatives. For the equity exposure,  index investment is preferred to investment in single stocks. Derivatives, traded on regulated exchanges, are used both for hedging purposes and for obtaining greater returns through the establishment of long and short positions in different financial assets. The fund may invest up to 10% in other UCITS. The investment is appropriate for those seeking protection from excessive market volatility and a stable long-term appreciation of their capital. Managers take care of both the overall risk that the specific risks of the investments made. However, there is no guarantee that investors will recover the capital invested.

Manager Comment

03 December 2018 - Things have improved compared to a month ago. President Trump has put in hold his trade war, mainly with China and Italian new government is coming back to reality due to the tough European Commission stance and to bad Growth results. The non approval of Brexit plan from the UK parliament would be a good news for European markets and Euro. The big question for European markets is if Q4 growth will pick up and how the economy will react to the of the QE. In theory there should be no real impact since markets are inundated by liquidity. The reinvestment of matured bonds and coupons in long maturity bonds will help to keep spread compressed comapred to the normal value.

Performances
Date NAV ∆NAV d-1 Ytd 1m 3m 1y Since inception (annualized)
12/12/2018 123.62 0.15% -1.81% -0.61% -0.11% -2.01% 2.00%

Synthetic representation at 30/11/2018
Performance
1 month 3 months 1 year 3 years 5 years
0.29% 0.33% -1.56% -0.11% -0.31%
Annualised performance
3 years 5 years
-0.04% -0.06%

Characteristics
ISIN CodeLU0352949456
Bloomberg CodeALSMACD LX
Date first NAV31/03/2008
NAV frequencyDaily
Income distributionAccumulation
ISIN Listed ClassLU1238726654
CurrencyEUR
Commissions
Maximum subscription fees payable to distributorsMax 4%
Management fees1.75%
Redemption fees0
Performance fees20% of the absolute performance with HWM no reset
Distributor Service Fee0
Risk indicators
Date 1 year volatility 3 years volatility
12-12-2018 2.65% 2.49%
Legal Information

The information contained in this website is not an offer for subscription or investment advice. Past performance is not a reliable indicator of future results. Management fees are included in the performance. Investors may therefore be subject to partial or total loss of the capital invested, as mutual funds do not guarantee capital. Access to the products and services presented here can be bound to restrictions for certain persons or countries.

Tax treatment depends on the situation of each individual. The risks, the costs and the recommended duration of the investment for each UCI presented are described in the Key Investor Information Document (KIID, Key Investor Information Document) and in the prospectus available on this website. The KIID must be delivered to the subscriber prior to subscription.

The data are the result of internal elaboration Alessia unless otherwise indicated.

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