DNB TMT Absolute Return

Investment Objective

The fund takes long and short positions primarily in equities of or in derivative contracts principally related to equities of companies operating in or associated with the communication services and information technology sectors. Geographically, the fund has full flexibility

Latest Meeting Note

Meeting 22 May 2024

The DNB TMT Absolute Return Fund is structured around four key pillars: themes, valuation, value creation, and momentum. Thematic investing focuses on identifying emerging trends and technological advancements that could drive future gro...

The DNB TMT Absolute Return Fund is structured around four key pillars: themes, valuation, value creation, and momentum. Thematic investing focuses on identifying emerging trends and technological advancements that could drive future growth. Valuation involves a comprehensive analysis of financial metrics such as price-to-earnings ratios, EV/EBITDA, and other relevant indicators to assess the intrinsic value of potential investments. Value creation looks at factors like management track record, corporate governance quality, economies of scale, and barriers to entry to determine the long-term sustainability and profitability of a company. Momentum analysis considers market perceptions, stock ownership patterns, and short interest to understand the risk and reward dynamics surrounding specific events or market conditions. The PMs closely monitor factor exposure to limit style biases, though factor tilts may occur periodically as a consequence of their bottom-up selection. The fund is relatively concentrated on both side with a portfolio of 60-80 holdings. The strategy targets a volatility range of 5-15%, aiming for a gross exposure of 130-200% and a net exposure within +/- 20%, while seeking to achieve a return of 5-10% above the risk-free rate.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.7 0.7 0.2 0.9 0.2 0.5 1.0 0.9 0.1 1.0 0.4 0.4 0.9
2022 0.0 0.4 0.6 0.7 0.6 0.9 1.0 0.8 0.4 0.9 0.3 0.8 0.2

or Register for Free

  • Gain access to comprehensive data and information regarding alternative UCITS funds
  • Keep track of performance, flows, and fees trends
  • Access the latest thematic research written by our team of expert in-house analysts
Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.