Active Global Long/Short
Monthly Letter February 2023
Monthly Letters Archive
KIDS
The investment objective of this sub-fund is to achieve above-average long-term capital growth while respecting adequate diversification. For this purpose, the Sub-Fund will mainly invest in the following assets:
- Shares and other equity related instruments of companies listed on stock exchanges worldwide;
- Fixed interest and floating-rate securities, debt securities with a minimum average rating of BBB- or claims as well as other interest-bearing investments (including money-market instruments and, in particular, convertible bonds with warrants);
- Sight deposits and deposits repayable on demand
The Sub-fund short exposure to the above assets will be achieved via contract for differences (CFDs) and investment in listed index derivatives.
The Active Gloal Long/Short Sub-fund may invest up to 15% of its net assets in American depositary receipts and/or global depositary receipts.
Based on committment approach, the Sub-fund’s risk exposure (including the risk exposure through the use of financial derivative instruments) amounts to a maximum of 210%.
Recommended investment time horizon: at least 5 years.
PERFORMANCE OF THE SUB-FUND:
Total return |
2014 0.03% | 2015 4.39% | 2016 2.56% | 2017 -0.68% | 2018 -9.08% | 2019 -2.14% | 2020 4.44% | 2021 2.35% | 2022 -20.14% | 2023 0.84% |
|---|
PERFORMANCE STATISTICS AS OF 23/03/2023
| NAV: | 1121.805 |
|---|---|
| MTD: | -0.373% |
| QTD: | 0.845% |
| YTD: | 0.845% |
KEY FEATURES:
| Investment Manager: | Compass Asset Management SA |
|---|---|
| Inception date: | March 2003 |
| Liquidity: | Daily |
| Minimum subscription: | Euro 1,000 Minimum subsequent subscription: Euro 100 |
| Fees: | Initial fee: Max 0-2% Exit fee: not present Management fee cl. A: 2.00% Management fee cl. B: 2.30% Management fee cl. M: 0.95% Performance fee: 10% |
| Bloomberg: | Class A: CAFEUEG LX Class B: CAFEUEB LX Class M: CAFEEQM LX |
| Isin code: | Class A: LU0165045302 Class B: LU0178937420 Class M: LU0334387619 |