Global Adaptive Multi-Asset Fund

Asset allocation fund informed by views on extreme market movements

ISIN
IE00BZ77D437

NAV
USD 11.82
As of 08/07/2020

1-Day Change
USD 0.09 (0.77%)
As of 08/07/2020


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income over the long term.
Performance target: To outperform the 60% MSCI ACWI + 40% BB Global Aggregate Bond Index by 1% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests in a globally diverse portfolio of company shares (also known as equities) and equity-related investments, bonds of any type, commodities (such as gold, oil and agricultural produce), cash and money market instruments. The Fund may gain its exposure to these assets either directly, via other funds (collective investment schemes, including exchange traded funds) and investment trusts/companies, or by using derivatives (complex financial instruments). The investment manager has flexibility to shift allocations between different asset classes and may invest up to 100% of its assets in any of these classes, depending on prevailing market conditions. The Fund has no specific geographical or industrial focus and may invest in developing countries.
The investment manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund's objective, to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the 60% MSCI ACWI + 40% BB Global Aggregate Bond Index, which is broadly representative of the assets in which it may invest, as this forms the basis of the Fund's performance target. The investment manager has a high degree of freedom to choose individual investments for the Fund.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • The strategy seeks absolute return by allocating across global equity and global fixed income investments
  • Using proprietary technology to analyze option pricing, the fund will adjust its asset allocations based on the future probability of extreme (‘tail event’) market moves, both to the upside and downside
  • Attempts to reduce the risk of significant loss while aiming to participate in the upside growth of capital markets
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

Ashwin Alankar, PhD

Head of Global Asset Allocation | Portfolio Manager

Industry since 2001. Joined Firm in 2014.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2020
H2 USD 60% MSCI ACWI/40% Bloomberg Barclays Gbl Agg Bond
  
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
1.59% 4.32% 4.82% 2.57% -
60% MSCI ACWI/40% Bloomberg Barclays Gbl Agg Bond 2.82% 5.78% 7.42% 10.42% -
 
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
2.65% 5.41% 5.92% 3.65% -
60% MSCI ACWI / 40% Bloomberg Barclays Global Aggregate + 1.00% 3.85% 6.83% 8.49% 11.52% -
Cumulative & Annualised Performance (%)
As of 30/06/2020
H2 USD (Net) 60% MSCI ACWI/40% Bloomberg Barclays Gbl Agg Bond
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
05/04/2016
H2 USD (Net) 2.22% -3.19% 1.59% 3.56% - - 3.42%
60% MSCI ACWI/40% Bloomberg Barclays Gbl Agg Bond 2.40% -3.32% 2.82% 5.32% - - 6.88%
 
  Annualised
3YR 5YR 10YR Since Inception
05/04/2016
H2 USD (Gross) - - - 4.50%
60% MSCI ACWI / 40% Bloomberg Barclays Global Aggregate + 1.00% - - - 7.95%
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 0.80%
Ongoing Charge
(As of 31/12/2019)
1.05%

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise. This risk is generally greater the longer the maturity of a bond investment.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.
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