+41 91 960 99 60 info@swisswealth.ch

The fund aims to deliver positive performance in the medium term through a diversified multi-asset class portfolio which reflects the invest manager’s view on global markets. The fund invests more than 51% of its assets in third parties funds or ETFs UCITS compliant. The fund may hold no more than 70% of its assets in equities or equity-related securities. The fund may use derivatives in order to achieve investment gains, reduce risk or manage the fund more efficiently.

80General Data

Domicile: Luxembourg
Legal Structure: SICAV Ucits V
Fund Manager: SWM SA
Custodian: State Street, LUX
Reference Currency: EUR
AuM: EUR 9.54 M
NAV Frequency: Daily
Registered in: LUX, CH, IT
Management Fee: 2%
Performance Fee: 10% HWM
NAV as at 31.08.2022: EUR 96.26
ISIN: EUR (A): LU0988534649
CHF (A) Hedged: LU0988535026
USD (A) Hedged: LU1057883552

Share Type: Accumulation

Investor’s profile

Targeting investors who expect positive returns in the medium term through active asset allocation
decisions and a complete multi-asset class portfolio solution.

Fund manager insights

In August 2022, the Explorer Fund of Funds generated a negative return of -1.61%. A volatile month saw capital markets reverse their initial gains. Stock and bonds came under pressure after Mr. Powell signalled that US interest will rise further and stay higher for longer at the Jackson Hole symposium. In Europe gas and power prices spiked sharply in the face of tight electricity markets and further reduced Russian gas supplies. Emerging markets proved to be a diversifier this month, providing small gains when the MSCI ACWI was down by 3.86%. Chinese equities were supported by the People’s Bank of China decision to cut its medium-term lending facility interest rate. Bond returns were also negative as long duration assets reacted negatively to renewed yield pressure. Commodities indices were nearly flat despite rising natural gas price. US inflation fell by more than expected in July, but UK and Eurozone inflations remained on the rise. The US dollar rally continued over the month with notable appreciation against major developed market and some emerging market currencies. Gold was down by -3.1% in its fifth consecutive declining month. During August we increased the portion invested in IG corporate bonds funds and we
decreased the exposure on value stocks funds. For September, we’ll remain quite conservative keeping the equity exposure below 30% because in our opinion it is not already the time to be aggressive.