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.
Legal Structure: SICAV Ucits V
Fund Manager: SWM SA
Custodian: State Street, LUX
Reference Currency: EUR
AuM: EUR 14.45 M
NAV Frequency: Daily
Registered in: LUX, CH, IT
Management Fee: 2%
Performance Fee: 10% HWM
NAV as at 30.06.2021: EUR 112.91
ISIN: EUR (A): LU0988534649
CHF (A) Hedged: LU0988535026
USD (A) Hedged: LU1057883552
Share Type: Accumulation
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
During June 2021, the Explorer Fund of Funds generated a positive return of 0.99% bringing the YTD performance near 3%. The volatility of the fund is quite low and exactly where we want, which means around 3.50% for the past 12 months. The diversification of the fund portfolio remains very high, and it covers all asset classes, from equities to alternative strategies. The strong allocation in conservative fixed income funds, alternative funds and precious metals products should provide a good protection during a possible correction in the next weeks and at the same time the allocation in riskier assets taken through
equity funds, for the most part US exposed and with a “Growth” attitude, and fixed income funds somehow related to equities (exposed to convertibles or perpetual bonds) allows the fund to continue taking advantage of the rising markets. For the next months we expect to remain quite conservative although opportunistic. For example, we believe there are still good opportunities in some equity sub sectors of the “Growth” area (i.e., Clean Energy) and in Asia (China in primis), even if the biggest opportunity remains in Value equities and Gold. For what concerns Fixed Income we will be increasing the weight in
Emerging Markets funds as well as Inflation Linked strategies as we expect the CPI to remain at the highest levels of the past 10 years and the US 10yr Government yield to stop its growth. That said we also believe it is not the time to become too optimistic and, consequently, we firmly hold the exposure in precious metals and in low volatility alternative strategies.