H2O Moderato SP EUR-R C

The objective of the fund is to outperform its benchmark index, the daily capitalised EONIA, by 2.00% per year, over a minimum recommended investment period of two to three years, after deduction of management fees. The fund aims to achieve this by implementing a very dynamic management strategy that seeks to extract performance irrespective of market environments.

The fund's exposure includes global fixed income, equities, and currency markets. The management team takes long and short positions across these asset classes within the framework of a global risk budget assigned to the portfolio. The fund's performance is more closely linked to relative trends among markets (relative and arbitrage positions) rather than the general direction of the markets (directional positions).

The fund is designed in such a way that under normal market conditions, it is not expected to potentially lose more than 10% over 20 days with a probability of 99%. Additionally, the fund's exposure to equities lies within a range of -15% to +15% of its net asset value, and the modified duration of the fund to interest rate movements lies within a range of -4 to +4. The fund may be exposed to all currencies, bonds of any nature, securitisation vehicles, and equities across developed and emerging countries. The fund also utilizes derivatives to manage currency risk, cash, and overall portfolio risk.

https://www.h2o-am.com/our-strategies-and-funds/