+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 10.80 M
NAV Frequency: Daily
Registered in: LUX, CH, IT
Management Fee: 2%
Performance Fee: 10% HWM
NAV as at 30.04.2022: EUR 101.35
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 April 2022, the Explorer Fund of Funds generated a negative return of 2.74% as almost all asset classes continued the downside movement started in the first quarter of the year. The war in Ukraine and the consequent uncontrolled rise in energy prices, the fears about inflation in developed countries, the rise in interest rates in the US and a possible recession on the way are just some of the issues which are worrying most investors. All this generated and continues to generate a risk-off attitude, which has indistinctly affected all asset classes except for precious metals and commodities, energy ones in particular. When
this kind of event happens it is very difficult to protect the portfolio because there is no place to hide, not even cash, which continues to produce a negative return. The choice to reduce the equity exposure from 50% to 25% proved to be correct, but not enough to avoid the disappointing performance of the beginning of 2022. In particular this was very much affected by Fixed Income funds which suffered from both the rise in interest rates and the widening of credit spreads; just think that the German bund and the US Treasury Bond are down YTD between 8 and 10% … For the next weeks we’ll remain quite conservative keeping the equity exposure below 30%, even if we are becoming moderately more optimistic about credit, particularly in the United States.