+41 91 960 99 60 info@swisswealth.ch

The fund aims to provide capital growth by investing in Swiss equities without capitalization or sector limits and with a bias over small & mid caps. The fund invests more that 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 bearish trends in all time horizons. The fund may use derivatives in order to achieve investment gains, reduce risk or manage the fund more efficiently and may have a net equity exposure for more than 100%.

4General Data

Domicile: Luxembourg
Legal Structure: SICAV Ucits V
Fund Manager: SWM SA
Custodian: State Street, LUX

Reference Currency: CHF

AuM: CHF 11.07 M

NAV Frequency: Daily

Registered in: LUX, CH, IT

Management Fee: A:0.9% B:1.2% C:0.4%

Performance Fee: 10% HWM

NAV as at 31.08.2022: CHF 64.60

ISIN:

CHF A Ist:       LU1435247876
CHF B Retail: LU1435247959
CHF C Ist:       LU1435248098

Share Type: Accumulation

Investor’s profile

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

Fund manager insights

During August 2022, the Swissness Equity Fund collected a loss of -11.12%, while the Swiss Performance Index generated a negative result of -3.06%. A volatile month saw capital markets reverse their initial gains in August. In Europe, spiking gas and electricity prices further weighed on purchasing power across the continent. In Switzerland the annual inflation rate was at 3.5 percent in August, a not too negative figure that when compared with other European countries shows how the Swiss economy is managing to contain inflation. A containment process which, however, could not have taken place without an important
appreciation of the franc. The Swiss government sees no immediate need for measures to help cushion the burden of surging energy prices noting the economy is performing well, unemployment is low, and inflation is set to wane next year. For what concerns the underlying portfolio, we reduced the positions in Lindt and in Software One and we increased the positions in Logitech, Zur Rose, Sonova, Straumann, Partners Group and Temenos. The portfolio was rebalanced to make it more effective in taking advantage of a possible future market rebound. We believe that companies have currently very attractive valuations with
solid and recognized fundamentals. Swiss companies like them can offset the strong franc through their careful cost management and flexibility in knowing how to seize new market opportunities. Lastly, we believe that the fall in prices had reached its end in July and so we decided to keep the net exposure to equities at 130% for the next weeks.