Selection of mixed flexible funds
Our selection
Belgravia Beta - ES0133496036 (only discretionary management)
Belgravia Capital was established in 1999, and is wholly-owned by private investors. Since its creation in June 1999, the Belgravia Beta fund has been managed in Madrid by Carlos Cerezo. The fund falls into the “mixed flexible” category, though it is more flexible than mixed. It invests in equities, and is able to hedge between zero and 100% of its equity positions. It does not invest in other asset classes such as bonds or alternative investment products. Its investment strategy is based on precise stock picking and advanced risk management designed to protect capital in the event of severe bear markets. Since its inception in August 1999, the fund has posted average annual gains of 9.42%.
.jpg)
CF Ruffer - GB0009684100 (only discretionary management)
CF Ruffer is a conviction-based asset management fund managed in London. The fund favours capital protection and seeks to strike the right balance between equities and bonds. It handled the challenges of 2008 very well, gaining more than 18%. Since the fund is denominated in sterling, investors need to take into account the foreign exchange risk that arises from this type of investment. In 2011, the company is planning to launch a euro-denominated Luxembourg UCITS Sicav (open-ended investment company).
Convictions Premium – FR0010687020 (only discretionary management)
Convictions Premium - FR 0010687020 (only discretionary management)
This mixed flexible fund aims to achieve an average annual performance over 7% with a moderate risk. The management process is characterized by analysis of economic cycles and a strong diversification of asset classes.
.jpg)
Elan Club - FR0010537423
Elan Club is a flexible fund in which the proportion of equities may not exceed 80% and may not be lower than 20%. Since 2006, equities have never accounted for less than 38% of the fund. The equity portion was at its maximum level (80% ) for most of 2010. The fund uses all the traditional asset management levers: asset allocation (equities, bonds and money markets), stock and sector picking (cyclicals, financials, defensives, commodities, etc.), yield management (duration, credit, yield curves, etc.), countries (Eurozone, USA, Japan and rest of world), currencies, etc. The investment approach is based on a medium-term strategic view rather than a short-term tactical view. Although the fund offers managed volatility, it may not always fully benefit from rising equity markets. It is recommended for medium-term asset management purposes. It has generated returns of almost 6% per year over the past five years (to end February 2011).
.jpg)
Ethna Aktiv - LU0431139764 (only discretionary management)
Ethna Aktiv is a mixed flexible fund who seeks outperformance through good asset allocation and good stock-picking. This fund is moderately risky. It may not invest more than 40% of its assets in equities.
.jpg)
GASPAL PATRIMOINE - FR0007082417 (only discretionary management)
The fund, managed by French asset management company Gaspal Gestion, aims to provide a reactive management with a balanced exposure between risky assets and risk-free assets. The Fund may vary its exposure to equities from 0 to 95%. The quality of management has allowed the fund to mitigate the market declines of 2008, with a decrease of 13.15% and to participate in the rise for years 2003-2007.
R Valor - FR0000298762
R Valor is a completely flexible fund. Since 2001, the proportion of the fund represented by equities has varied between 5% and 100%. R Valor, a conviction-based fund par excellence, is not benchmarked in any way; over the above period, equities in the “Asia – emerging countries” region have represented up to one third of fund assets. Furthermore, the fund does not automatically hedge its foreign currency investments, and may therefore be exposed to foreign exchange risk. The fund has achieved excellent annualised performance over ten years (to February 2011), equating to almost 10% per year. This fund can be volatile, and should be seen as a vehicle for achieving long-term absolute performance. It lost 41.62% in 2008, but gained 36.49% and 25.52% in 2009 and 2010 respectively.