Investment Objective
The fund takes a ‘pair trade’ approach, where each lead stock idea is paired with a hedge to help minimise unwanted risks. The market neutral outlook of the Fund places strict limits on net exposure and beta, which seeks to ensure the portfolio’s exposure to equity market direction is kept low. The Fund invests in companies primarily in Europe (including the UK and countries which may be considered emerging markets within Europe).
Reference Index
1M LIBOR
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 1.0 | 0.5 | 1.0 | 0.6 | 0.8 | 0.1 | 0.5 | 0.9 | 0.6 | 0.2 | 0.7 | 0.2 | 0.6 | |
| 2018 | 0.6 | 0.7 | 0.2 | 0.7 | 0.2 | 0.2 | 0.8 | 0.8 | 0.3 | 0.2 | 0.9 | 0.6 | 0.1 |
