CB Accent Lux – Explorer Equity – Eur

The fund aims to provide capital growth by investing in worldwide equities without geographical or sector limits. The fund invests more than 51% of its assets in equities or equity-related securities. The fund seeks to generate a positive return during rising equity markets passing to a defensive approach during extended bearish trends. The fund may use derivatives in order to achieve investment gains, reduce risk or manage the fund more efficiently.

Investor’s profile

Targeting investors with a superior risk tolerance who expect capital growth over the business cycle, investing primarily in global equites.

Factsheet: CB Accent Lux – April Explorer Equity

Fund manager insights

During April 2022 the Explorer Equity Fund generated a negative return of 4.24%, while in the same period the MSCI All Country World lost 8.14%. The month was characterized by a constant and low volatility negative trend driven by US Equity indices, in particular the Nasdaq, which generated substantial losses (around -10%) in relation to other geographic indices and in particular compared to the European ones which instead closed the month almost unchanged. The war between Russia and Ukraine and its impact on energy prices, the US monetary policy confirmed as restrictive, the China again partially in lockdown as still affected by the Coronavirus and the decline in consumer confidence and the consequent fears, frankly still unfounded, in a possible recession on the way, remain the main elements investors are focusing on. For what concerns the sectors, investors during April begun again to strongly favor “Value” stocks instead of those with a “Growth” attitude. Speaking about performances, the Explorer Equity Fund continued to perform well above the benchmark bringing the alpha generated against the MSCI All Country World at almost 10%. For the next weeks, considering that we believe inflation came back to stay and that
central banks or politics do not have great possibilities to counter it, we’ll keep a conservative attitude: we in fact presume that equity markets may generate lower lows in 2022 than those seen in March and that they could face a prolonged trading range or a downside period before starting a new bullish phase.