CB Accent LUX – Darwin Selection Euro is a UCITS V fund that seeks to provide a best-in-class performance through active and dynamic asset allocation, hedging and risk- minimization strategies, as well as active currency management. The portfolio creation is approached from a macro perspective in order to successively select the best possible candidates within the investable universe. The manager does not pursue passive index replication or benchmarking strategies and will allocate to the broadest spectrum of assets that fall within the scope of the fund.
General Data
Domicile: Luxembourg
Legal Structure: SICAV Ucits V
Fund Manager: SWM SA
Management Company: ADEPA SA
Custodian: State Street, LUX
Reference Currency: EUR
AuM: EUR 13.11 M
NAV Frequency: Daily
Registered in: LUX, CH, IT
Management Fee: 2%
NAV as at 30.11.2020 EUR 123.39
ISIN:
EUR(A): LU0417110276
CHF(A) Hedged: LU0681572425
Share Type: Accumulation
Investor’s profile
Targeting investors who expect a long-term increase of their assets and wish to realize a regular revenue, but are ready to accept temporary price fluctuations.
Fund manager insights
In November, two main hurdles to positive market sentiment Us elections and COVID-19 Vaccine – were lifted. After the initial incertitude, Joe Biden came out as the clear winner, supporting hopes of a more balanced administration. On the COVID-19 front, several news regarding a short-term vaccines availability were released. The possibility that some form of vaccination campaign could start before the end of the year, strongly supported market sentiment. Investors started to pile on value stocks, such as financial and energy, which recorded their best trading months within years. Sector rotation was pronounced-some Nasdaq winners, such as high growth stocks, were heavily sold. Equity indices recovered worldwide, particularly in the US, where new records were reached. European stocks looked north too, driven by the more cyclical and value indices. On the supportive side too, ECB signaled that its ban on European banks paying dividends may be lifted next year, helping battered financial stocks recovering strongly. The dollar continued its downward pace, losing ground against all majors. Some analysts now expect EUR/USD parity to trade above 1.25 next year. Precious metals did not benefit from dollar decline. Gold briefly traded below $1800 mark, due to heavy liquidation. Interest rates remained stable, with US 10 years note hovering around 0.80-0.90% yield. Within this optimistic context NAV regained positive territory, closing at 122.11 with a monthly performance of +8,92%.