Investment Objective
The strategy aims for a consistent outperformance compared to the European stock market. The excess return is to be systematically generated, free from forecasts, through the capture of the volatility premium. EuroEquityFlex is an equity fund in accordance with the German Investment Tax Act. The strategy generates outperformance relative to the EURO STOXX 50 by exploiting overvaluations of out-of-the-money put options on the EURO STOXX 50 Index. These put options are mostly purchased by market participants who are not very price-sensitive, as crash insurance. The performance is generated through the collection of the risk premium by selling put options. All the stocks and derivatives used are exchange-traded and generally highly liquid.
Reference Index
EURO STOXX 50
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.3 | 0.7 | 0.8 | 0.2 | 0.9 | 0.5 | 0.6 | 0.2 | 1.0 | 0.6 | 0.4 | 0.1 | 0.3 | |
| 2022 | 0.4 | 1.0 | 1.0 | 0.9 | 0.0 | 0.4 | 0.4 | 0.5 | 0.8 | 0.5 | 0.6 | 0.4 | 0.9 |
