ALESSIA - ABSOLUTE RETURN MACRO Class T

Strategy: Global macro multi asset
Style: Discrectionary

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

Suggested minimum investment horizon: Any

Objectives and strategies of the fund

 Alessia Absolute Return Macro    is an absolute return fund with low volatility. Managers allocate  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. Investment in equity indexes is preferred to 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 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

9/10/20 - There are powerful forces pushing in opposite directions, the pandemic with its consequences on consumption together with the expected American presidential elections on the one hand and further interventions by the monetary and fiscal authorities even if we estimate that the effectiveness of further liquidity floods may be short-term and ineffective in the face of an economy that has to stop for health reasons. Our approach becomes opportunistic and short-term ready to increase long positions on equity indices when the opportunity arises and build short positions on 30-year government bonds.