ALESSIA - ABSOLUTE RETURN MACRO T
ALESSIA - ABSOLUTE RETURN MACRO Class T
Strategy:
Style:
Risk level / SRRI: 1 2 3 4 5 6 7
Suggested minimum investment horizon:
ProspectusKIID Latest monthly report ProspectusKIIDLatest monthly report
Objectives and strategies of the fund
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 | 99.17 | 0.15% | N/A | -0.69% | -0.34% | N/A | -1.53% |
| 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% of the absolute performance with HWM non resettable |
| Distributor Service Fee | 1% p.a. |
| Risk indicators | ||||
| Date | 1 year volatility | 3 years volatility | ||
| 12-12-2018 | N/A | N/A | ||
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.