ALESSIA - ABSOLUTE RETURN MACRO T
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
ProspectusKIID Latest monthly report ProspectusKIIDLatest monthly report
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
16.3.21 - With the possible exit from the pandemic by the USA expected for the summer and with the pull offered by the US demand to the export of the rest of the world, the expectations for the stock indices are rosy, especially for the USA ones. The only obstacle may be a further increase in interest rates and inflation data that can push the Fed to accelerate the exit from the current monetary measures. In this context, the Euro, despite the expected increase in the US Trade Deficit, is in a danger zone. The European growth rates for 2020, 2021 and 2022 are well below those of the US and unless an acceleration on the Recovery Plan followed by a Growth plan the gap will remain as the gap on nominal interest rates will grow.
Performances
| Date | NAV | ∆NAV d-1 | Ytd | 1m | 3m | 1y | Since inception (annualized) |
| 10/08/2022 | 100.94 | -0.07% | 1.94% | -0.51% | 0.18% | 0.78% | 0.22% |
Synthetic representation at 29/07/2022
| Performance | ||||
| 1 month | 3 months | 1 year | 3 years | 5 years |
| -0.42% | -0.12% | 0.47% | 1.07% | N/A |
| Annualised performance | |
| 3 years | 5 years |
| 0.36% | N/A |
| Characteristics | |
| ISIN Code | LU1587249019 |
| Bloomberg Code | |
| Date first NAV | 28/05/2018 |
| NAV frequency | Daily |
| Income distribution | Accumulation |
| ISIN Listed Class | LU1238726654 |
| Currency | EUR |
| Commissions | |
| Maximum subscription fees payable to distributors | 0% |
| Management fees | 1,75% |
| Redemption fees | Max 4 |
| Performance fees | 20% absolute with HWM |
| Distributor Service Fee | 1% p.a. |
| Risk indicators | ||||
| Date | 1 year volatility | 3 years volatility | ||
| 10-08-2022 | 4.62% | 3.96% | ||
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.