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ALESSIA - ABSOLUTE RETURN MACRO Class I (Institutional)

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: Any

ProspectusKIID

Latest monthly report
Objectives and strategies of the fund

Alessia Absolute Return Macro is an absolute return fund with low volatility. Managers allocate, on a global basis, the capital available through a discretionary process based on macro-economic research aimed at the existing imbalances in the prices of shares, government bonds, corporate debt securities or financial, in exchange rates and related derivatives. For the equity exposure in the investment index is preferred investing in individual 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

 30 January 2019 - From the words of the FED’s President Powell it is clear that the path of monetary normalization, through an increase in the reference rates and an aggressive reduction of the total budget, is put on hold due to both the global slowdown, in Europe and in China mainly, and the uncertainty about the effects of the "shutdown" of the US government. FED prefers to wait for signs of inflation before resuming the monetary normalization policies, leaving the door open for an inversion of the trend if inflation does not occur and there is evidence of internal slowdown. Implicitly Governor Powell certifies the possibility of a global recession.

Performances
Date NAV ∆NAV d-1 Ytd 1m 3m 1y Since inception (annualized)
14/02/2019 130.26 0.05% 1.35% 1.01% 0.75% -0.28% 1.19%

Synthetic representation at 31/01/2019
Performance
1 month 3 months 1 year 3 years 5 years
1.35% 0.99% -1.21% 4.96% 3.23%
Annualised performance
3 years 5 years
1.63% 0.64%

Characteristics
ISIN CodeLU0480371433
Bloomberg CodeALEARRI LX
Date first NAV16/02/2010
NAV frequencyDaily
Income distributionAccumulation
ISIN Listed ClassLU1238726654
CurrencyEUR
Commissions
Maximum subscription fees payable to distributors0%
Management fees1.25%
Redemption fees0
Performance fees20% of the absolute performance with HWM no reset
Distributor Service FeeN.A.
Risk indicators
Date 1 year volatility 3 years volatility
14-02-2019 2.82% 2.13%
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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