Investment Objective

To provide long term capital growth by taking advantage of the VALMO strategy in the global markets, with a momentum tilt.

Investment Strategy

The benchmark in the management of global equities is the MSCI World Index. The weight of each country in the Global Equity is not aligned with its index weight, but the allocations to the 5 large regions of the world (United States, Continental Europe, UK, Japan and others) are comparable to the index weights although not necessarily identical. For currencies, the approach is the same for the U.S. dollar, the euro and the Japanese yen.

Portfolio Structure
Currency of the Fund: USD
Benchmark: MSCI World
Geographic allocation:
United States: +/- 7% of the World Index
Europe: +/- 5% of the World Index
United Kingdom: +/- 3% of the World Index
Japan: +/- 3% of the World Index
Others: +/- 3% of the World Index
Currency allocation:
American dollar: aligned with the index
Euro: aligned with the index
Yen: aligned with the index
Others: max 5% by currency
Momentum Value
VALMO Composition: 60%-80% 20%-40%
Selection universe:
United States S&P 500, Nasdaq 100 S&P 500
Europe DAX, ATX, etc. S&P Europe 350
United Kingdom S&P UK
Japan Nikkei 225
Others S&P/ASX 100, etc.
Number of stocks in portfolio 40-80 stocks 50-90 stocks
Revision period Monthly Monthly
Maximum regeneration period 3 months 6 months
Turnover 2-4 times a year Around once a year
Maximum by sector None None
Maximum by stock 10% 10%
Seasonal adjustment Yes No

 

 


Disclaimer
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.