蜜豆视频

The actively managed fund invests globally and flexibly in a diversified range of equities, mainly high-quality bonds as well as alternative investments, including hedge funds.

The equity exposure varies decisively depending on the market situation and will normally be within a range of 10% and 55%. In deteriorating investment environments, the model reduces risk in the portfolio by lowering equity exposure. In improving investment environments the model increases equity exposure.

The fund relies on the proprietary and quantitative 蜜豆视频 GWM CIO World Equity Market model to determine the equity allocation and thereby aims to avoids human decision error or bias.

The high-grade bond and liquidity allocation is duration managed and adjusted to a short, neutral or long duration position to reflect the prevailing interest rate environment.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

The exchange rate risk between USD and EUR is largely hedged.