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Ethna-AKTIV


The Ethna-AKTIV, our flagship fund, is an actively managed, flexible multi-asset fund. With its focus on asset allocation, it spreads its investment between bonds, equities, currencies and commodities.

 

Portfolio Manager Update

Out of 5 316 Moderate Allocation funds as of 30.09.2021. Based on 85.02% of AUM. Data is based on long positions only.

Performance Description
Share class
D-1
YTD
5 years
Ethna-AKTIV (USD-T)
ISIN: LU0985094027
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WKN: A1W66D
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D-1
0.33%
YTD
4.67%
26.12%

All data as of: 12/3/2021

The Ethna-AKTIV, our flagship fund, is an actively managed, flexible, multi-asset fund that does not follow any benchmarks. With a focus on asset allocation - it has the greatest degree of freedom in this respect among the Ethna Funds - the Ethna-AKTIV spreads its investment between bonds, equities, currencies and commodities. The fund’s core investment is a high-quality fixed income portfolio of corporate and government bonds, in which the duration and credit risk are managed flexibly and independently from the individual bonds.

In addition, the Ethna-AKTIV can have an equity allocation of up to 49%, through single stocks, liquid futures and listed options. To diversify its portfolio further, the flagship fund of the Ethna Funds family can also include up to 10% in gold and/or other commodities.

The top-down approach in the Ethna-AKTIV

The experienced Portfolio Management Team uses a top-down approach with rigorous macro-economic and financial market analysis to determine in which asset classes, regions and sectors to invest. This, together with the use of liquid index derivatives (also known as a dynamic overlay strategy), enables the Portfolio Managers to optimise the fund’s risk/return profile. Within the aforementioned top-down framework, the selection of the bonds is carried out via a rigorous bottom up fundamental analysis.

The Ethna-AKTIV as a risk-controlled base investment

Following a flexible, multi-asset allocation approach, the Ethna-AKTIV’s aims are capital preservation and achieving attractive positive returns over a mid-term (3 – 5 years) investment horizon. The fund is therefore suitable as a base investment for investors who want risk-controlled access to macroeconomic developments on the global fixed income, equity, currency, and commodity markets.

The Ethna-AKTIV, our flagship fund, is an actively managed, flexible, multi-asset fund that does not follow any benchmarks. With a focus on asset allocation - it has the greatest degree of freedom in this respect among the Ethna Funds - the Ethna-AKTIV spreads its investment between bonds, equities, currencies and commodities. The fund’s core investment is a high-quality fixed income portfolio of corporate and government bonds, in which the duration and credit risk are managed flexibly and independently from the individual bonds.

In addition, the Ethna-AKTIV can have an equity allocation of up to 49%, through single stocks, liquid futures and listed options. To diversify its portfolio further, the flagship fund of the Ethna Funds family can also include up to 10% in gold and/or other commodities.

The top-down approach in the Ethna-AKTIV

The experienced Portfolio Management Team uses a top-down approach with rigorous macro-economic and financial market analysis to determine in which asset classes, regions and sectors to invest. This, together with the use of liquid index derivatives (also known as a dynamic overlay strategy), enables the Portfolio Managers to optimise the fund’s risk/return profile. Within the aforementioned top-down framework, the selection of the bonds is carried out via a rigorous bottom up fundamental analysis.

The Ethna-AKTIV as a risk-controlled base investment

Following a flexible, multi-asset allocation approach, the Ethna-AKTIV’s aims are capital preservation and achieving attractive positive returns over a mid-term (3 – 5 years) investment horizon. The fund is therefore suitable as a base investment for investors who want risk-controlled access to macroeconomic developments on the global fixed income, equity, currency, and commodity markets.

 

 

 

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