The new Ucits compliant fund is part of Mirabaud’s Luxembourg domiciled Sicav range and will aim to achieve long term capital growth through an “opportunistic” investment approach with “moderate correlation to traditional financial markets”.
“Today, things are more complex,” said Pierre Pinel, manager of the fund and chief investment officer for asset allocation products and balanced mandates at Mirabaud.
“Markets tend to move fast in shorter cycles and often finish at the same level they started at but with highly volatile periods in between. A passive approach will ultimately result in disappointing returns. The goal of any dynamic multi-asset portfolio today is to capture these intermediate trends in order to compound returns.”
Mirabaud said the management process behind the new fund is based on indicators of financial trends, macroeconomic indicators and price indicators. The firm added that dynamic asset allocation gives the flexibility to steer away from the reference index and thus offer lower correlation to traditional financial markets.
The investment objective is to replicate a composite index of 1/3 EURO STOXX 50 Net Return EUR and 2/3 EuroMTS Investment Grade Eurozone Government Bond 3-5Y. Other indicators may apply to suit requirements in the event of a specific mandate with the same strategy.
Available to both professional and institutional investors, the fund has annual management charges of 0.6% and 1.2% respectively.
