Funds and prices

Overview

Active currency Fund investing across both developed and emerging market currencies, primarily through derivative instruments for efficiency.

Targeting returns of cash +10% over a full market cycle, with a long-term expected volatility of 20% p.a.

The portfolio manager relies on skill and active management, to capture opportunities arising from currency misvaluations, independent of market direction.

The Fund has a fundamental value-led approach that is disciplined and entirely discretionary.

Benefits

Able to achieve attractive returns irrespective of market direction.

Complementary allocation to the majority of asset classes, helping improve the risk-return profile of a typical multi-asset, multi-manager or fund-of-funds portfolio.

The Fund’s philosophy and approach has historically achieved strong returns through periods of equity market weakness.

Offers daily liquidity and is managed in accordance with UCITS rules and guidelines.

Continuity of portfolio management team since inception, benefiting from the support of a broad, well-resourced research and investment solutions team.

Risks

The Fund is primarily exposed to the price fluctuations of global currency markets. It employs leverage in order to pursue its high return objective and to have a meaningful impact on a broader portfolio through a relatively small allocation. As a result, the Fund is relatively volatile and investors should have a corresponding risk tolerance and capacity. The Fund is primarily aimed at more sophisticated investor types. The Fund may enter into OTC derivative contracts to generate currency market exposure. While these contracts are collateralized, the risk of counterparty default remains. As the Fund uses derivatives and sophisticated leverage techniques, investors must be willing to bear the additional risk involved. Every fund has specific risks which can significantly increase under unusual market conditions. A description of the fund specific risks can be found in the prospectus.

Features

Product category
ÃÛ¶¹ÊÓƵ Global Tactical Asset Allocation
CARS – Currency Allocation Return Strategy
Product domicile
Ireland
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management Switzerland AG, Zurich
Fund management
ÃÛ¶¹ÊÓƵ Fund Management (Ireland) Limited, Dublin 2
Custodian bank
J.P. Morgan Bank (Ireland) Plc
Tax representative
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Day of inception
November 21, 2017
Currency of account
GBP
Close of financial year
September 30
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.75% p.a.
Total expense ratio (TER)
0.87% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
FTSE World MM Ind. Ser. - GBP 1 Mth. EUR Dep.
ISIN
IE00BDRXG821
Bloomberg Ticker
UBCAQAG ID

Performance and Prices

Percentage growth

as of April 2, 2024
Cumulative
GBP(%) EUR(%)
YTD
1M
3M
6M
1Y -0.60 1.95
2Y
3Y -3.83 -4.47
5Y -14.08 -13.87
ø p.a.5Y -2.99 -2.94

Current data

Net asset value 02.04.2024 GBP 87.17
High - last 12 months 19.07.2023 GBP 95.14
Low - last 12 months 02.05.2023 GBP 84.17
Assets of the unit class in mn 02.04.2024 GBP 0.01
Total product assets in mn 02.04.2024 GBP 351.47

Structures

Fees

Flat fee
0.86%
Management fee p.a.
0.75%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information / Tax representative
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Ireland
MUFG Alternative Fund Services (Ireland) Limited
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓƵ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - ÃÛ¶¹ÊÓƵ Global Tactical Asset Allocation
Fact Sheet - CARS – Currency Allocation Return Strategy
Agreement / Prospectus
Document type
Document Language
Prospectus
Supplement
Country supplement
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report