FUND

FIMARGE BALANCED PORTFOLIO FUND - CLASS I

year to date
6.73
%
net asset value
111.36
AUM
43.357.448
risk scale
4
/
7

General Information

legal form
Mutual Fund (FCP)
country
Luxembourg
ISIN
LU1892387462
currency
EUR

Investment policy

The fund's goal is capital appreciation through investments of up to 35% in international equities traded in organized markets, from a purely fundamental analysis point of view both for equities and credit portfolios. The fund can invest indirectly through other UCITs, including ETFs. The implementation of financial derivatives will only respond to a discretional hedging of currency risk.

Comment

10/2021

With nearly 60% of companies having reported earnings during the month and 85% beating earnings expectations, stocks once again hit record highs during the month of July despite a resurgence of COVID-19 cases. Inflation also continued to climb, but it haven’t caused the central banks to change course just yet: moving closer to tapering. Unlike previous quarters, Healthcare led all sectors to start 3Q21, while Financials and Energy closed the month down. It should be noted, though, that Energy stocks remain the market leaders on a YTD basis. as for the fixed income side, Treasury yields slumped to lows last seen in February. Such a sharp decline in yields would normally imply a downgrade to the growth outlook. However, we see the current level of yields as inconsistent given the strength of the recovery, at least in US. For the Euro area seems that interest rates will remain negative for a very long time, and fiscal policy instead of monetary policy should be put in place to break out of the low growth and infation environment.
prices updated on
Oct 23, 2021 19:00

Summary Sheet

Investment platformS
Allfunds, Fundsettle, Inversis
Management style
Investment in traditional assets (up to 35% in equity)
Investment horizon
5 years
Minimum investment
500,000 euros
LiquiditY
Daily
managed by
Fimarge SFI S.A.
custodian
Quintet Private Bank (Europe) S.A.
advisor
-
auditor
KPMG
dividends
No
benchmark
(0,15 x STOXX 600) + (0,15 x S&P 500) + (0,35 x FI EUR) + (0,20 x FI USA) + (0,15 x FI USA[€])
Date of first NAV
November 01, 2018
NAV frequency
Daily, on Luxembourg business days
Capital guarantee
No

Fees

Management
1.00%
Performance
0%
RisK
0%
Subscription
0%
Redemption
0%
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Fimarge Societat Financera d’Inversió SA
C/ Bonaventura Armengol, 10
Ed. Montclar Bloc 1, 5è 1a
Andorra la Vella
Nº Registre Societat: 5711
Nº Registre Tributari: A-700866-T
Nº Autorització AFA: SFI-04/95 (20/04/1988)