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UBAM - Asymmetry 50 USD AC USD

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Adapt to market reality
Both UBAM - Asymmetry 50 sub-funds provide dynamic and diversified exposure to global equity and bond markets by investing in liquid financial instruments. Their investment process is driven by a trend-following approach which, over an investment cycle, offers asymmetry (convexity) in the form of a higher participation in bull markets and a lower participation in bear markets.


Key points

  • Dynamic allocation across global bonds, global equities, gold and cash
  • Provides convexity through a higher participation rate in bull markets and a lower participation rate in bear markets
  • Disciplined, momentum-based investment philosophy: keep the winners and sell the losers
  • Invest in liquid financial instruments: mainly exchange-traded funds
  • Both UBAM - Asymmetry 50 subfunds help enhance the efficiency of a portfolio, be it a diversified, bond- or equity-only portfolio

Investment case

Prices of financial assets, which reflect the collective investment decisions of all financial players, exhibit trends that can last long enough to be captured with a profit by a momentum-based investment process.
To benefit from assets’ price momentum, two elements are key:

  1. systematically screening a broadly diversified investment universe of global assets so as to detect and track current trends; and
  2. dynamically adjusting a portfolio’s exposure to capture these trends.

Disciplined implementation of these key elements generates an asymmetric (convex) risk/ return profile: a portfolio applying such a convex strategy allocates more weight to assets with a positive price momentum and, crucially, cuts exposure to assets with falling prices.

Fund concept

Both UBAM - Asymmetry 50 sub-funds offer exposure to global equity and bond markets: portfolio weights are dynamically adjusted favouring market segments with the strongest price momentum in absolute (increasing prices) and relative (prices increasing more than others) terms. Over a market cycle, both UBAM - Asymmetry 50 sub-funds target a higher participation rate in bull markets and a lower one in bear markets.
Reducing the participation in bear markets has a genuine base effect – as a 50% drop needs a 100% increase to break even – that leaves more capital to take advantage of market rises: as a matter of fact, avoiding large drawdowns, coupled with regular participation in rising markets, improves the risk-adjusted performance and hence portfolio efficiency.

Performance

UBAM - Asymmetry 50 USD AC USD
NAV - Net Asset Value
Date
Data source : UBP SA
Data as at 20/02/2019 MTD YTD 2018 2017 2016 2015 2014
UBAM - Asymmetry 50 USD AC USD 0.32% 1.76% -5.35% 6.07% -1.10% -7.65% 3.20%
Disclaimer

Past performance is not indicative of present and/or future results. Price and availability are subject to change without notice. The value of investments may go up or down and investors may not get back the amount invested. Changes in foreign exchange rates may also cause the value of investments to fluctuate.

Library

LEGAL DOCUMENT
Title Updated French German English Italian
Annual report 31.12.2017 PDF
KIID 19.02.2019 PDF
Prospectus 06.10.2018 PDF
Semi-annual report 30.06.2018 PDF
Shareholders letter 29.01.2019 PDF PDF PDF PDF
Status – Articles of Association 28.08.2017 PDF
MARKETING DOCUMENTATION
Title Updated French German English Italian
Factsheets 31.01.2019 PDF PDF PDF PDF
Monthly Report 31.01.2019 PDF
Product card 01.01.2018 PDF PDF PDF PDF

Registration

ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GIGibraltar
IEIreland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GIGibraltar
IEIreland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan

Italy: I shares are only notified to the CONSOB.

Singapore: Sub-funds registered with the MAS (Monetary Authority of Singapore) can only be offered to “accredited investors”.


Fiscal information

Titre Statut
End of fiscal year 31 December
UK RFS Yes Reportable Income
German transparency Yes
Austrian transparency Yes
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • LU1088671596
  • Data as at
  • 20/02/2019
  • Latest NAV
  • 96.30 USD
  • Fund's AUM
  • 4.87M USD

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency USD
  • Asset class Asset Allocation
  • Geographical bias Global
  • Inception date 06/10/2014

Share class data

  • Description AC USD
  • Launch date 06/10/2014
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 1.25%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg UAFUACU LX
  • Telekurs 24882104
  • Reuters -
  • WKN A14SHD
  • SEDOL -
  • Morningstar N/A
  • Financial Express FOIF

Manager(s)

    Geoffroy Gridel / Betsalel Belassein