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Description
The fund aims to achieve absolute performance over the long term through a strategy primarily based on long and short exposure to European Equities. Positions in equity instruments will be made either through the purchase of equity securities or through the use of CFDs (Contracts forDifference) on individual stocks or stock indices (sectoral and / geographical). The fund may also use - for investment purposes, hedging risks and efficient portfolio management - listed derivative instruments such as futures and options. The objective of the fund is to generate performance not closely correlated to European equity index. The volatility of the fund is expected in the medium term up to 10% on an annual basis.
Features
Product info
| Inception date |
12nd April 2016 |
| Product type |
Equity long/short UCITS V |
| Focus Geo/Sector |
Equity Euro |
| Investment approach |
Qualitative, absolute return (no benchmark) |
| Hedging |
Derivatives |
| Nav frequency |
Daily |
| Risk profile (from 0 to 7) |
6 |
| Currency |
Euro |
| Domicile |
Luxembourg |
| Depositary Bank |
RBC Investor Services |
| Paying Agent |
BNP Paribas |
| Auditor |
Ernst&Young |
Investment limits
| Cash: |
max 25% |
| Fixed income instrument: |
max 25% |
| Fixed income instrument not IG: |
max 20% |
| OICR: |
max 10% |
| Europe Equity: |
at least 2/3 |
| Derivatives: |
max 20% (ex CFD) |
Fees
| Management and distribution fees: |
|
| Share A - Retail |
1.85% |
| Share B - Institutional |
1.50% |
| Performance fees: |
20% with absolute high watermark |
| Up front fees: |
up to 3% |
Minimum investment
| Share A - Retail |
None |
| Share B - Institutional |
Euro 250,000 |
Shares - ISIN
| Share A - Retail |
LU1377525222 |
| Share B - Institutional |
LU1377525495 |
Bloomberg ticker
| Share A - Retail |
PLSILVA LX |
| Share B - Institutional |
PLSILVB LX |
Dealers
Platforms
Collocatori
Contatti utili
Scrivici per ricevere maggiori informazioni.
There is no guarantee of obtaining equal returns for the future.
Returns are gross of tax charges and net of management charges.
Prior to accession it is recommended that you carefully read the Key Investor Information (KIID) and the Prospectus available on the SGR's website, as well as from distributors.
The latest annual or semi-annual report available is recommended.
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