European Financial Opportunities Class A


Date

NAV

Benchmark
18/06/20199.43992.398
19/06/20199.45992.933
20/06/20199.46392.462
21/06/20199.47792.292
24/06/20199.44792.006
25/06/20199.69991.817
26/06/20199.42492.188
27/06/20199.43892.437
28/06/20199.46992.660
01/07/20199.50693.021
02/07/20199.47493.148
03/07/20199.59493.747
04/07/20199.68394.151
05/07/20199.70494.235
08/07/20199.61193.878
09/07/20199.57093.605
10/07/20199.59693.612
11/07/20199.65193.713
12/07/20199.70093.797
15/07/20199.69598.818
16/07/20199.970994.110
17/07/20199.69593.525
18/07/20199.66993.373

Monthly reports

 2019

JANUARY     FEBRUARY     MARCH     APRIL     MAY     JUNE

Monthly reports

 2018

JANUARY     FEBRUARY     MARCH     APRIL     MAY     JUNE      JULY      AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Monthly reports

 2017

MAY     JUNE     JULY     AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Periodic Information

2018

2017

Fund Overview

The fund will invest in all Banks capital structure with the managers total flexibility and discretion on asset allocation. The fund will rotate asset class within the capital structure depending on cycle view. Focus: Primarily invested European banks and insurance companies. Instruments: Equity, AT1 and subordinated debt mainly. Limit AT1s at 20% of Funds AUM. Intentions: Seek anti-consensus equity ideas, capture attractive opportunities in sub-debt -mainly in the mid cap space- and gain a sensible exposure to AT1s (thorough analysis of prospectus and issuers).

Why Invest

The Fund seeks to invest in the European financial sector, in order to obtain positive performance throughout the economic cycle. The objective is to give the investor the possibility to invest in all of the banks capital structure and give exposure to the investor in the complex insurance companies; all this with the aim to provide all asset classes and  benefit from them- equity, fixed-income or both – depending on the business  cycle and trying to anticipate changes in the cycle to obtain better performance.

The portfolio will be invested in a concentrated number of banks and insurance companies, selected by the Manager with a very comprehensive analysis of all its capital structure. The objective is to generate long term alpha, and maintain and preserve the capital by making use of the flexibility of the Fund with the investment of debt senior if the sector encounters serious trouble or the manager considers excessive risk. Take short positions only when there is a high conviction that the contribution of these to be positive in the short term.

 

Managers

Luis Peña Morientes

Characteristics

Minimum Investment: 1.000 Euros
Management Fees: 1.75% annual
Performance Fees: 7% annual over HWM
Custodian & Administrator: Edmond de Rothschild Group
Prime Broker: Morgan Stanley & Banco Santander
ISIN: European Financial Opportunities Class A LU1555973301


Date

NAV

Benchmark
18/06/20199.43992.398
19/06/20199.45992.933
20/06/20199.46392.462
21/06/20199.47792.292
24/06/20199.44792.006
25/06/20199.69991.817
26/06/20199.42492.188
27/06/20199.43892.437
28/06/20199.46992.660
01/07/20199.50693.021
02/07/20199.47493.148
03/07/20199.59493.747
04/07/20199.68394.151
05/07/20199.70494.235
08/07/20199.61193.878
09/07/20199.57093.605
10/07/20199.59693.612
11/07/20199.65193.713
12/07/20199.70093.797
15/07/20199.69598.818
16/07/20199.970994.110
17/07/20199.69593.525
18/07/20199.66993.373

Monthly reports

 2018

JANUARY     FEBRUARY     MARCH     APRIL     MAY

Monthly reports

 2017

MAY     JUNE     JULY     AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Monthly reports

 2016

JANUARY     FEBRUARY    MARCH    APRIL     MAY     JUNE     JULY     AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Monthly reports

 2015

JANUARY     FEBRUARY    MARCH    APRIL     MAY     JUNE     JULY     AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Monthly reports

 2014

JANUARY     FEBRUARY    MARCH    APRIL     MAY     JUNE     JULY     AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Monthly reports

 2013

JANUARY     FEBRUARY    MARCH    APRIL     MAY     JUNE     JULY     AUGUST     SEPTEMBER     OCTOBER     NOVEMBER     DECEMBER

Periodic Information

2017

Uso de cookies

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información.

ACEPTAR
Aviso de cookies