Andbank Funds UCITS - Flexible Allocation 201403

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  • 1. Andbank Funds UCITS: Flexible Allocation Marzo 2014
  • 2. 2El fondo Flexible Allocation > El fondo Flexible Allocation es un fondo UCITS que ofrece: > ¿Cómo lo conseguimos? Invirtiendo globalmente en una cartera óptima y diversificada de activos Búsqueda constante de oportunidades de inversión Aplicando un control del riesgo para cada clase de activo Inversión eficiente mediante ETFs y fondos > Estrategia con experiencia contrastada desde 2009 en Andbank. Estabilidad de retornos, superiores a la renta fija Protección del capital Baja volatilidad Liquidez diaria Estabilidad de retornos, superiores a la renta fija Protección del capital Baja volatilidad Liquidez diaria
  • 3. 3Cartera global diversificada Clase de activo ETF o Fondo %Cartera Cash 1,3% Bond Short Term Lyxor Ucits ETF BOT MTS Ex-Bank of italy C-EUR 2,6% Goverment 2y iBoxx Sovereigns Eurozone Yield Plus 1-3 UCITS ETF 9,8% Goverment 7-10y iBoxx Sovereigns Eurozone Yield Plus UCITS ETF 11,7% Investment Grade Db x-trackers II iBoxx EUR Liquid Corporate UCITS ETF 5,0% High Yield Lyxor ETF iBoxx Liquid High Yield 30 10,1% Emerging Debt Axa World Emerging Markets Short Duration 10,0% Euro Stoxx iShares Euro Stoxx 50 UCITS ETF (DE) 6,0% MSCI World iShares MSCI World UCITS ETF 7,7% Frontier Markets HSBC Global Investment Funds Frontier Market 5,1% Hedge Funds Db x-trackers db Hedge Fund Index UCITS ETF 12,5% Private Equity iShares S&P Listed Private Equity Ucits ETF 3,7% REIT iShares European Property Yield UCITS ETF 7,4% Insurance Linked Securities Schroder GAIA Cat Bond F Eur H Acc 7,1%
  • 4. 4Excelentes resultados con una baja volatilidad (*) Backtest : Ene 00-Oct 09
  • 5. 5 Anexo 1. El proceso de inversión 2. ETFs y Fondos: Renta Fija, Renta Variable y Alternativos
  • 6. 6 Flexible Allocation: el proceso de inversión > Invierte globalmente en un universo amplio de activos, a través de fondos y ETFs. > Distribución de activos activa y flexible. Enfoque retorno absoluto. > Protección del capital
  • 7. 7 Flexible Allocation: selección de fondos de inversión 0 5 10 15 20 25 30 Anlzd Return Anlzd StdDev Tracking Error Vontobel Fund Emerging Markets Equity B MSCI EMF (Emerging Markets ) - Net Return 0.00 0.20 0.40 0.60 0.80 1.00 1.20 Beta Alpha Sharpe Ratio Vontobel Fund Emerging Markets Equity B MSCI EMF (Emerging Markets ) - Net Return Description Anlzd Return Anlzd StdDev Tracking Error Beta Alpha Sharpe Ratio Vontobel Fund Emerging Markets Equity B 6,10 21,55 10,92 0,74 0,35 0,27 MSCI EMF (Emerging Markets ) - Net Return 1,88 27,24 0 1,00 0,00 0,06 > La utilización de fondos en determinados mercados nos permite mejorar los retornos. > La selección la realizamos mediante: Análisis cuantitativo: base de datos Morningstar y Spar-Factset. Métricas riesgo/rentabilidad favorables y consistentes en 3-5 años. Due dilligence y seguimiento periódico de la gestión.
  • 8. 8 Anexo 1. El proceso de inversión 2. ETFs y Fondos: Renta Fija, Renta Variable y Alternativos
  • 9. 9 Renta Fija: db X-trackers iBoxx Sovereigns Eurozone Yield Plus 1-3 UCITS ETF > Invierte en bonos (grado de inversión) emitidos por los cinco países con mayor rentabilidad de la zona euro, denominados en euros y con un plazo de vencimiento residual de un mínimo de un año y un máximo de tres, con una duración de 1.70. Los países que actualmente conforman el índice son España 33,07%, Italia 52,64%, Irlanda 2,91%, Bélgica 10,25% y Eslovaquia 1,13%. db x-trackers II IBOXX SOVEREIGNS EUROZONE YIELD PLUS 1-3 UCITS ETF is an open-end, UCITS IV compliant exchange traded investment fund incorporated in Luxembourg. The investment objective of the ETF is to track the performance before fees and expenses of the Markit iBoxx EUR Sovereigns Eurozone Yield Plus 1-3 Index. ISIN LU0925589839 Fund Type: ETF Asset Class: Fixed Income Geographic Focus: Eurozone Style: - Fund Strategy: Government Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 20/03/2014 Current Month: 0,11% Fund Total Assets: EUR 510064000,0 1 Year: - Additions: EUR 5534000,0 3 Year: - Net Asset Value: EUR 139 5 Year: - Inception Date: 14/08/2013 Front Load: - Share Class: - Back Load: - Minimum Investment: EUR 75000 Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 0,05% Minimum IRA: - Performance Fee: - Expense Ratio: 0,15% 12b1 Fee: - FeesFund Information ReturnsCurrent Data db x-trackers II IBOXX SOVEREIGNS EUROZONE YIELD PLUS 1-3 UCITS ETF 0 0,5 1 1,5 2 2,5 3 Total Returns xyp1 gr Equity
  • 10. 10 Renta Fija: db X-trackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF > Invierte en bonos (grado de inversión) emitidos por los cinco países con mayor rentabilidad de la zona euro, denominados en euros, con un plazo de vencimiento residual superior a un año y con una duración de 6.02. Los países que actualmente conforman el índice son España 33,07%, Italia 52,64%, Irlanda 2,91%, Bélgica 10,25% y Eslovaquia 1,13%. db x-trackers II IBOXX Euro Sovereigns Eurozone Yield Plus UCITS ETF is a UCITS IV exchange-traded fund incorporated in the Luxembourg. The Fund seeks to track the performance of the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index. ISIN LU0524480265 Fund Type: ETF Asset Class: Fixed Income Geographic Focus: Eurozone Style: - Fund Strategy: Government Rating Class Focus: Investment Grade B or higher Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 20/03/2014 Current Month: 0,62% Fund Total Assets: EUR 1508055000,0 1 Year: 10,20% Additions: EUR 125064000,0 3 Year: 8,01% Net Asset Value: EUR 147 5 Year: - Inception Date: 04/10/2010 Front Load: 3,00% Share Class: - Back Load: 3,00% Minimum Investment: EUR 0 Early Withdrawal: 0,00% Minimum Subsequent: - Current Mgmt Fee: 0,10% Minimum IRA: EUR 0 Performance Fee: - Expense Ratio: 0,15% 12b1 Fee: 0,00% FeesFund Information ReturnsCurrent Data db x-trackers II IBOXX SOVEREIGNS EUROZONE YIELD PLUS UCITS ETF -2 0 2 4 6 8 10 12 Total Returns xy4p gr Equity
  • 11. 11 Renta Fija: db X-trackers iBoxx EUR Liquid Corporate UCITS ETF > Invierte en hasta 100 bonos (grado de inversión) empresariales denominados en euros en el universo líquido de la deuda empresarial con un plazo de vencimiento superior a dos años y una duración de 3.84. db x-trackers II iBoxx EUR Liquid Corporate UCITS ETF is a UCITS IV exchange traded fund incorporated in Luxembourg. The Fund's objective is to track the iBoxx EUR Liquid Corporate 100 Index. ISIN LU0478205379 Fund Type: ETF Asset Class: Fixed Income Geographic Focus: Eurozone Style: - Fund Strategy: Corporate Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 20/03/2014 Current Month: -0,11% Fund Total Assets: EUR 208397000,0 1 Year: 2,08% Additions: EUR 10130000,0 3 Year: 5,25% Net Asset Value: EUR 140 5 Year: - Inception Date: 31/12/2011 Front Load: 0,00% Share Class: - Back Load: 0,00% Minimum Investment: EUR 0 Early Withdrawal: 0,00% Minimum Subsequent: - Current Mgmt Fee: 0,10% Minimum IRA: EUR 0 Performance Fee: - Expense Ratio: 0,20% 12b1 Fee: 0,00% FeesFund Information ReturnsCurrent Data db x-trackers II iBoxx EUR Liquid Corporate UCITS ETF -1 -0,5 0 0,5 1 1,5 2 2,5 3 3,5 4 Total Returns xblc gr Equity
  • 12. 12 Renta Fija: Lyxor UCITS ETF iBoxx EUR Liquid High Yield > Invierte en 30 de los bonos de alto rendimiento no estatales y emitidos en Euros con mayor liquidez. El plazo de vencimiento está entre un mínimo de uno año y un máximo de siete años, con una duración de 2,89. Lyxor ETF iBoxx Liquid High Yield 30 Ex-Financial is an open-end UCITS IV compliant exchange-traded fund incorporated in France. The Fund seeks to reflect the performance of the Markit iBoxx EUR Liquid High Yield 30 index denominated in (EUR). ISIN FR0010975771 Fund Type: ETF Asset Class: Fixed Income Geographic Focus: European Region Style: - Fund Strategy: Corporate Rating Class Focus: High yield Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 20/03/2014 Current Month: -0,02% Fund Total Assets: EUR 266782000,0 1 Year: 8,44% Additions: EUR 28683900,0 3 Year: 8,54% Net Asset Value: EUR 121 5 Year: - Inception Date: 20/01/2011 Front Load: 0,00% Share Class: - Back Load: 0,00% Minimum Investment: EUR 0 Early Withdrawal: 0,00% Minimum Subsequent: - Current Mgmt Fee: 0,45% Minimum IRA: EUR 0 Performance Fee: 0,00% Expense Ratio: 0,45% 12b1 Fee: 0,00% FeesFund Information ReturnsCurrent Data Lyxor UCITS ETF iBoxx EUR Liquid High Yield 30 Ex-Financial -2 0 2 4 6 8 10 Total Returns yiel fp Equity
  • 13. 13 Renta Fija: Axa Emerging Markets Short Duration Bonds > El Fondo está diversificado en todo el abanico de crédito emergente de corta duración y emitido en USD, desde el crédito de primera calidad crediticia hasta el de alto rendimiento, y desde el crédito soberano/cuasi-soberano hasta el corporativo. Actualmente la duración del fondo es de 2.80. AXA World Funds - Emerging Markets Short Duration Bonds is an open-end fund incorporated in Luxembourg. The Fund's objective is to seek performance through dynamic exposure. The Fund invests mainly in short duration transferable debt securities issued in the emerging debt universe worldwide. ISIN LU0800572702 Fund Type: Open-End Fund Asset Class: Fixed Income Geographic Focus: International Style: - Fund Strategy: Aggregate Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 20/03/2014 Current Month: -0,36% Fund Total Assets: EUR 1162866000,0 1 Year: 0,99% Additions: EUR 102480000,0 3 Year: - Net Asset Value: EUR 103 5 Year: - Inception Date: 07/12/2012 Front Load: - Share Class: Retail Back Load: 0,00% Minimum Investment: EUR 5000 Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: - Minimum IRA: - Performance Fee: - Expense Ratio: 12b1 Fee: - FeesFund Information ReturnsCurrent Data AXA World Funds - Emerging Markets Short Duration Bonds -5 -4 -3 -2 -1 0 1 2 Total Returns AWEMSAE LX Equity
  • 14. 14 Renta Variable: iShares EuroStoxx50 UCITS ETF > Replica el índice Euro Stoxx50 y proporciona exposición a cincuenta de las empresas de primera categoría y más alta capitalización representantes de los líderes de sectores de la zona euro. iShares EURO STOXX 50 UCITS ETF (DE) is an open-end UCITS compliant exchange traded fund incorporated in Germany. The fund aims to track the performance of the EURO STOXX 50 index. The fund distributes income received to shareholders. ISIN DE0005933956 Fund Type: ETF Asset Class: Equity Geographic Focus: Eurozone Style: - Fund Strategy: Blend Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 21/03/2014 Current Month: -1,98% Fund Total Assets: EUR 4628237000,0 1 Year: 19,47% Additions: EUR 0,0 3 Year: 6,91% Net Asset Value: EUR 031 5 Year: 12,77% Inception Date: 03/01/2001 Front Load: 2,00% Share Class: Retail Back Load: 0,00% Minimum Investment: - Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 0,15% Minimum IRA: - Performance Fee: - Expense Ratio: 0,16% 12b1 Fee: - FeesFund Information ReturnsCurrent Data iShares EURO STOXX 50 UCITS ETF DE -5 0 5 10 15 20 25 30 Total Returns SX5EEXGYEquity
  • 15. 15 Renta Variable: iShares MSCI World UCITS ETF > iShares MSCI World ofrece exposición al índice MSCI World Index. El índice ofrece exposición a títulos cotizados de países desarrollados de todo el mundo que cumplen con los criterios de tamaño, liquidez y ponderación del MSCI. iShares MSCI World UCITS ETF (Inc) is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund aims to track the performance of the MSCI World Index. The fund distributes income received to shareholders. ISIN IE00B0M62Q58 Fund Type: ETF Asset Class: Equity Geographic Focus: Global Style: - Fund Strategy: Blend Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 21/03/2014 Current Month: -1,07% Fund Total Assets: EUR 4224927000,0 1 Year: 11,01% Additions: EUR -53420500,0 3 Year: 11,32% Net Asset Value: EUR 025 5 Year: 17,24% Inception Date: 21/11/2005 Front Load: 0,00% Share Class: - Back Load: 0,00% Minimum Investment: - Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 0,00% Minimum IRA: - Performance Fee: - Expense Ratio: 0,50% 12b1 Fee: - FeesFund Information ReturnsCurrent Data iShares MSCI World UCITS ETF Inc 0 2 4 6 8 10 12 14 16 18 20 Total Returns IWRD NA Equity
  • 16. 16 Renta Variable: HSBC Global Investment Funds Frontier Markets > Invierte en una cartera diversificada de acciones de países Frontier Markets. Los principales países donde invierte actualmente el fondo incluyen: Emiratos Árabes (UAE), Qatar, Pakistán, Nigeria, Arabia Saudita, Kuwait, Vietnam, Filipinas, Georgia, entre otros. HSBC Global Investment Funds - Frontier Markets is an open-end fund incorporated in Luxembourg. The Fund's objective is long-term total returns. The Fund invests in equity and equity-related securities of companies registered in, or that carry out a predominant part of their business in countries that are considered frontier markets. ISIN LU0708055370 Fund Type: SICAV Asset Class: Equity Geographic Focus: International Style: - Fund Strategy: Blend Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 20/03/2014 Current Month: 1,15% Fund Total Assets: EUR 429809700,0 1 Year: 15,27% Additions: EUR 13890000,0 3 Year: - Net Asset Value: EUR 013 5 Year: - Inception Date: 01/10/2012 Front Load: - Share Class: - Back Load: - Minimum Investment: EUR 5000 Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 1,75% Minimum IRA: - Performance Fee: - Expense Ratio: 12b1 Fee: - FeesFund Information ReturnsCurrent Data HSBC Global Investment Funds - Frontier Markets 0 5 10 15 20 25 Total Returns HSGFACE LX Equity
  • 17. 17 Alternativos: db x-trackers Hedge Fund Index UCITS ETF > Este ETF ofrece exposición de forma líquida y diversificada a las estrategias más conocidas de los gestores de Hedge Fund (Long/Short Equity, Merger Arbritage, Market Neutral y Global Macro). db x-trackers db Hedge Fund Index UCITS ETF is a UCITS IV exchange traded fund incorporated in Luxembourg. The Fund's objective is to track the performance of the Hedged Portfolio, intended to reflect the performance of the db Hedge Fund Index hedged into EUR using monthly forwards. ISIN LU0328476337 Fund Type: ETF Asset Class: Specialty Geographic Focus: Global Style: - Fund Strategy: Specialty Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 18/03/2014 Current Month: 0,00% Fund Total Assets: EUR 479045100,0 1 Year: 3,72% Additions: EUR 4144000,0 3 Year: 0,24% Net Asset Value: EUR 011 5 Year: 1,94% Inception Date: 11/03/2009 Front Load: 3,00% Share Class: - Back Load: 3,00% Minimum Investment: EUR 75000 Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 0,90% Minimum IRA: - Performance Fee: - Expense Ratio: 0,90% 12b1 Fee: - FeesFund Information ReturnsCurrent Data db x-trackers db Hedge Fund Index UCITS ETF - 1C -2 -1 0 1 2 3 4 5 Total Returns XHFI GR Equity
  • 18. 18 Alternativos: iShares Listed Private Equity UCITS ETF > Este ETF ofrece exposición a las principales empresas que se negocian en bolsas de mercados desarrollados cuyo objetivo es invertir en empresas que no están listadas en la bolsa de valores con el objetivo de potenciar su desarrollo. iShares S&P Listed Private Equity UCITS ETF is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund aims to track the performance of the S&P Listed Private Equity Index. The fund distributes income received to shareholders. ISIN IE00B1TXHL60 Fund Type: ETF Asset Class: Specialty Geographic Focus: Global Style: - Fund Strategy: Specialty Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 21/03/2014 Current Month: -1,62% Fund Total Assets: EUR 279271900,0 1 Year: 12,20% Additions: EUR 11055700,0 3 Year: 11,73% Net Asset Value: EUR 014 5 Year: 34,42% Inception Date: 30/11/2007 Front Load: 0,00% Share Class: - Back Load: 0,00% Minimum Investment: EUR 2500000 Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 0,75% Minimum IRA: - Performance Fee: - Expense Ratio: 0,75% 12b1 Fee: - FeesFund Information ReturnsCurrent Data iShares Listed Private Equity UCITS ETF -5 0 5 10 15 20 Total Returns iprv im Equity
  • 19. 19 Renta Variable: iShares European Property Yield UCITS ETF > Invierte en sociedades inmobiliarias cotizadas y Trusts de inversión inmobiliaria (REITS) de países desarrollados de Europa, excluído el Reino Unido, que tienen una previsión de rendimiento del dividendo a un año del 2% o superior. iShares European Property Yield UCITS ETF is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund aims to track the performance of FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ Index. The fund distributes income received to shareholders. ISIN IE00B0M63284 Fund Type: ETF Asset Class: Equity Geographic Focus: European Region Style: - Fund Strategy: Blend Rating Class Focus: - Fund Pricing Frequency: Daily Currency: EUR Current/Operational Data As of: 21/03/2014 Current Month: -2,38% Fund Total Assets: EUR 736829300,0 1 Year: 6,35% Additions: EUR 80285600,0 3 Year: 5,17% Net Asset Value: EUR 028 5 Year: 17,72% Inception Date: 08/03/2006 Front Load: 0,00% Share Class: - Back Load: 0,00% Minimum Investment: - Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 0,00% Minimum IRA: - Performance Fee: - Expense Ratio: 0,40% 12b1 Fee: - FeesFund Information ReturnsCurrent Data iShares European Property Yield UCITS ETF -10 -5 0 5 10 15 Total Returns iprp im Equity
  • 20. 20 Alternativos: Schroder GAIA Cat Bond > Schroder GAIA Cat Bond invierte en una cartera global diversificada de insurance- linked securities (ILS) centrados en bonos catástrofes (Cat Bonds) que cubren diversos desastres naturales como huracanes, terremotos que afectan regiones como Europa, Japón y Estados Unidos. El objetivo de rentabilidad es de Libor3m USD + 6%. Schroder GAIA Cat Bond is an open-end investment fund incorporated in Luxembourg . The Fund's objective aims to provide a total return. The Fund invests globally in a diversified portfolio of insurance-linked securities and financial derivative instruments that are exposed to catastrophe risks denominated in various currencies. ISIN LU0951570844 Fund Type: SICAV Asset Class: Alternative Geographic Focus: Global Style: Event Driven Diversified Fund Strategy: Event Driven Rating Class Focus: - Fund Pricing Frequency: Bi-weekly Currency: EUR Current/Operational Data As of: 14/03/2014 Current Month: 0,27% Fund Total Assets: EUR 596762100,0 1 Year: - Additions: EUR 93970000,0 3 Year: - Net Asset Value: EUR 1.092 5 Year: - Inception Date: 21/10/2013 Front Load: 1,01% Share Class: Institutional Back Load: - Minimum Investment: EUR 100000 Early Withdrawal: - Minimum Subsequent: - Current Mgmt Fee: 1,50% Minimum IRA: - Performance Fee: 0,00% Expense Ratio: 12b1 Fee: - FeesFund Information ReturnsCurrent Data Schroder GAIA Cat Bond -0,4 -0,2 0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1,8 Total Returns SGCBFHE LX Equity
  • 21. This document was created with Win2PDF available at http://www.daneprairie.com. The unregistered version of Win2PDF is for evaluation or non-commercial use only.