Skip to main content

Ethna-DYNAMISCH

Share classes Description
Share class
D-1
YTD
5 years

Applies, among others, to the share class Ethna-DYNAMISCH (A).
As of: 31.08.2022

Out of 5 537 Moderate Allocation funds as of 31.07.2022.
Based on 95,17% eligible corporate AUM and 100% of eligible sovereign AUM. Data is based on long positions only.

Fund profile

The Ethna-DYNAMISCH is an actively managed, equity-focused multi-asset fund offering risk-controlled access to global equity markets. The most offensive of the Ethna Funds, the Ethna-DYNAMISCH has a net equity allocation that can vary between 0% and 100%. The main performance driver of the fund is an equity portfolio consisting of around 30 – 40 single stocks.

The Ethna-DYNAMISCH uses a fundamental approach to stock picking to generate alpha. The experienced Portfolio Managers not only evaluate the key factors influencing the further development of the equity markets (top-down approach), but also determine the attractiveness of single stocks based on the valuation of the company, the quality of its business model, and the strength of its balance sheet (bottom-up approach).

The Ethna-DYNAMISCH does not follow any benchmarks

In addition to its equity portfolio, the fund can be further diversified through bonds, cash and gold. Potential risks are managed through active asset allocation, rigorous stock selection, and derivatives. All of this, and the fact that the Ethna-DYNAMISCH does not follow any benchmarks, ensures that the fund can flexibly respond to any market environment.

The Ethna-DYNAMISCH for experienced investors and newcomers

With the aims of growing capital over a medium to long-term (3 – 5+ year) investment horizon and earning similar long-term returns to the global equity markets, the Ethna-DYNAMISCH is suitable for both experienced investors and newcomers who consciously accept the increased fluctuations in value on the global stock markets in favour of a higher return potential.

The Ethna-DYNAMISCH is an actively managed, equity-focused multi-asset fund offering risk-controlled access to global equity markets. The most offensive of the Ethna Funds, the Ethna-DYNAMISCH has a net equity allocation that can vary between 0% and 100%. The main performance driver of the fund is an equity portfolio consisting of around 30 – 40 single stocks.

The Ethna-DYNAMISCH uses a fundamental approach to stock picking to generate alpha. The experienced Portfolio Managers not only evaluate the key factors influencing the further development of the equity markets (top-down approach), but also determine the attractiveness of single stocks based on the valuation of the company, the quality of its business model, and the strength of its balance sheet (bottom-up approach).

The Ethna-DYNAMISCH does not follow any benchmarks

In addition to its equity portfolio, the fund can be further diversified through bonds, cash and gold. Potential risks are managed through active asset allocation, rigorous stock selection, and derivatives. All of this, and the fact that the Ethna-DYNAMISCH does not follow any benchmarks, ensures that the fund can flexibly respond to any market environment.

The Ethna-DYNAMISCH for experienced investors and newcomers

With the aims of growing capital over a medium to long-term (3 – 5+ year) investment horizon and earning similar long-term returns to the global equity markets, the Ethna-DYNAMISCH is suitable for both experienced investors and newcomers who consciously accept the increased fluctuations in value on the global stock markets in favour of a higher return potential.

Portfolio Manager

ESG

ESG – taking environmental, social and governance criteria into account

Our aim is to offer clients responsible investment solutions with a competitive and sustainable return, as reflected in our investment guidelines and processes. The Ethna-DYNAMISCH pursues an ESG strategy that complies with Article 8 of the EU’s Sustainable Finance Disclosure Regulation (2019/2088). In its bond and equity investments, the fund therefore gives preference to companies that have low exposure in terms of significant ESG risks, as well as companies that actively manage and thus reduce the ESG risks inevitably associated with their business activities. In addition, the sustainability approach taken by the Ethna-DYNAMISCH is underscored by comprehensive exclusions:

  • Investments in companies with a core activity in armaments, tobacco, pornography, speculation in basic foodstuffs and/or the mining/distribution of coal are prohibited.
  • Furthermore, we do not invest in companies that have been found to be in serious breach of the principles of the UN Global Compact and have no convincing plan in place to remedy the situation.
  • In the case of sovereign issuers, we exclude investments in countries that have been designated as “Not Free” in the annual analysis carried out by Freedom House.
 

What is ESG?

ESG is the abbreviated version of ‘Environmental, Social, and Governance’, criteria that many investors use alongside financial factors in their investment decisions.

 

ESG in our investment process

1. Broad exclusion of certain sectors  that contradict the ESG principles

2. Assessment of the overall ESG rating of the individual companies based on the data from sustainalytics

3. Individual analysis of the particular ESG parameters of a company

 

Our commitment

In November 2017, we became a signatory to the Principles for Responsible Investment. These are six principles developed by investors and supported by the United Nations.

Opportunities & Risks

All financial investments are associated with opportunities and risks. Below you will find a compact overview of the opportunities and risks of the Ethna-DYNAMISCH:

 Opportunities

  • A professional Portfolio Management team with many years’ experience.
  • Participation in positive performance on equity and bond markets.
  • Reduction in value fluctuations due to combination of multiple asset classes and spread of invested capital across a variety of
    individual securities (diversification).
  • Active risk management and hedging measures with the aim of minimising marketled falls in value.
  • High degree of flexibility permits rapid adaptation to changing conditions.

 Risks

  • Market, sector, and company-related price losses in the fund’s equity and bond investments; also as a result of a general rise in yields and/or increase in yield premiums for specific bond issuers.
  • General, geographical and geopolitical country risks: these include the risk that an issuer of a bond, despite being solvent, cannot fulfil its obligations due to an inability or unwillingness
    on the part of a particular country to transfer funds to another country.
  • Issuer, counterparty credit and default risk due to investing in bonds, equities and hedging trades: this includes the risk of insolvency due to issuer or counterparty debt overload or
    illiquidity. A total loss of the affected investment instrument is possible.
  • Exchange rate risks through investing in foreign currencies or in equities and bonds denominated in a foreign currency.
  • The investor suffers a loss if they sell the fund units at less than the acquisition price.

For detailed information on the opportunities and risks of investing in the fund, please refer to the sales prospectus.

Copyright © 2022 ETHENEA Independent Investors S.A. All rights reserved. This is a marketing communication. This marketing communication is for information purposes only and provides the addressee with guidance on our products, concepts and ideas. This does not form the basis for any purchase, sale, hedging, transfer or mortgaging of assets. None of the information contained herein constitutes an offer to buy or sell any financial instrument nor is it based on a consideration of the personal circumstances of the addressee. It is also not the result of an objective or independent analysis. ETHENEA makes no express or implied warranty or representation as to the accuracy, completeness, suitability, or marketability of any information provided to the addressee in webinars, podcasts or newsletters. The addressee acknowledges that our products and concepts may be intended for different categories of investors. The criteria are based exclusively on the currently valid sales prospectus. This marketing communication is not intended for a specific group of addressees. Each addressee must therefore inform themselves individually and under their own responsibility about the relevant provisions of the currently valid sales documents, on the basis of which the purchase of shares is exclusively based. Neither the content provided nor our marketing communications constitute binding promises or guarantees of future results. No advisory relationship is established either by reading or listening to the content. All contents are for information purposes only and cannot replace professional and individual investment advice. The addressee has requested the newsletter, has registered for a webinar or podcast, or uses other digital marketing media on their own initiative and at their own risk. The addressee and participant accept that digital marketing formats are technically produced and made available to the participant by an external information provider that has no relationship with ETHENEA. Access to and participation in digital marketing formats takes place via internet-based infrastructures. ETHENEA accepts no liability for any interruptions, cancellations, disruptions, suspensions, non-fulfilment, or delays related to the provision of the digital marketing formats. The participant acknowledges and accepts that when participating in digital marketing formats, personal data can be viewed, recorded, and transmitted by the information provider. ETHENEA is not liable for any breaches of data protection obligations by the information provider. Digital marketing formats may only be accessed and visited in countries in which their distribution and access is permitted by law. For detailed information on the opportunities and risks associated with our products, please refer to the current sales prospectus. The statutory sales documents (sales prospectus, key investor information documents (KIIDs), semi-annual and annual reports), which provide detailed information on the purchase of units and the associated risks, form the sole authoritative and binding basis for the purchase of units. The aforementioned sales documents in German (as well as in unofficial translations in other languages) can be found at www.ethenea.com and are available free of charge from the investment company ETHENEA Independent Investors S.A. and the custodian bank, as well as from the respective national paying or information agents and from the representative in Switzerland. The paying or information agents for the funds Ethna-AKTIV, Ethna-DEFENSIV and Ethna-DYNAMISCH are the following: Austria: ERSTE BANK der österreichischen Sparkassen AG, Am Belvedere 1, A-1100 Wien; Belgium: CACEIS Belgium SA/NV, Avenue du Port / Havenlaan 86C b 320, B-1000 Bruxelles; France: CACEIS Bank France, 1-3 place Valhubert, F-75013 Paris; Germany: DZ BANK AG, Platz der Republik, D-60265 Frankfurt am Main; Italy: State Street Bank International – Succursale Italia, Via Ferrante Aporti, 10, IT-20125 Milano; Société Génerale Securities Services, Via Benigno Crespi, 19/A - MAC 2, IT-20123 Milano; Banca Sella Holding S.p.A., Piazza Gaudenzio Sella 1, IT-13900 Biella; Allfunds Bank S.A.U – Succursale di Milano, Via Bocchetto 6, IT-20123 Milano; Liechtenstein: SIGMA Bank AG, Feldkircher Strasse 2, FL-9494 Schaan; Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen; Spain: ALLFUNDS BANK, S.A., C/ stafeta, 6 (la Moraleja), Edificio 3 – Complejo Plaza de la Fuente, ES-28109 Alcobendas (Madrid); Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, Postfach, CH-8022 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich. The paying or information agents for HESPER FUND, SICAV - Global Solutions are the following: Austria, France, Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen; Germany: DZ BANK AG, Platz der Republik, D-60265 Frankfurt am Main; Italy: Allfunds Bank S.A.U – Succursale di Milano, Via Bocchetto 6, IT-20123 Milano; Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, Postfach, CH-8022 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich. The investment company may terminate existing distribution agreements with third parties or withdraw distribution licences for strategic or statutory reasons, subject to compliance with any deadlines. Investors can obtain information about their rights from the website www.ethenea.com and from the sales prospectus. The information is available in both German and English, as well as in other languages in individual cases. Explicit reference is made to the detailed risk descriptions in the sales prospectus. This publication is subject to copyright, trademark and intellectual property rights. Any reproduction, distribution, provision for downloading or online accessibility, inclusion in other websites, or publication in whole or in part, in modified or unmodified form, is only permitted with the prior written consent of ETHENEA.