Investment Objective
This is a North American equity fund with long-short strategy, which invests in a portfolio of selected North American stocks and protects the exposure to the stock market in a dynamic way by selling short futures contracts on referenced stock indexes (S&P 500). Both the process of stock picking and the process of hedging the equity portfolio is implemented using quantitative models developed by the investment manager Finlabo SIM. The fund aims to provide in the medium/long term positive annual absolute return above EONIA+400b.p., independently from the market conditions. The fund is actively managed to control risk, and targets an annual volatility lower than 12%.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.8 | 0.2 | 0.7 | 0.0 | 0.6 | 1.0 | 0.5 | 0.5 | 0.4 | 0.7 | 0.7 | 0.2 | 1.0 | |
| 2022 | 0.6 | 0.8 | 0.0 | 0.8 | 0.6 | 0.9 | 0.1 | 0.4 | 0.8 | 0.7 | 0.2 | 0.9 | 0.4 |
