SVM UK Absolute Alpha Fund

yellowgreatΤεχνίτη Νοημοσύνη και Ρομποτική

16 Οκτ 2013 (πριν από 3 χρόνια και 8 μήνες)

57 εμφανίσεις

The past few years have not been kind to traditional investments: the credit crunch has hit stock
markets, property prices have slumped, while lower interest rates have hit returns on cash.
In 2008 there were 580 FTSE All Share stocks which fell and just 31 that rose (source:
Bloomberg). Long-only equity managers simply did not have the tools to deliver positive
returns. The changes to UCITs rules now give fund managers the ability to short and the
potential to deliver positive performance in falling markets.
SVM has been running long/short absolute return portfolios for over 16 years, launching its
first hedge fund SVM Highlander in 1999 and SVM Saltire Fund in 2002.
The new SVM UK Absolute Alpha Fund is based on the Saltire hedge fund but structured
for the UK retail market. In its six year history, Saltire has never had a 12 month period in
which it lost money for investors. Moreover, in 2008 it delivered a return of 19.7% against a
fall in the FTSE All Share of 29.9%. Over the full market cycle it has comprehensively beaten
the Index - being correlated in the rising market of 2003 to mid 2007 and inversely
correlated in the falling market of late 2007 to date.
SVM UK Absolute Alpha Fund
Fast facts: Launch period 11 March – 7 April 2009
Why launch an
absolute return
fund now?
What is SVM’s
track record?
About the new fund
• Launch Offer Period
11 March – 7 April 2009
• Fixed Price Offer 100p
• Daily dealing
• Fully ISAble for both tax
years during offer period
Launch details
SVM Saltire Fund
Source: SVM to 31/12/08. Launch date: 09/10/02.
% Change 2008 2007 2006 2005 2004 Since
launch
SVM Saltire Fund
SVM Saltire Fund
19.7
19.7
26.5
26.5
16.2
16.2
5.8
5.8
12.6
12.6
108.7
108.7
FTSE All-Share Index
FTSE All-Share Index
-29.9
-29.9
5.3
5.3
16.8
16.8
22.0
22.0
12.8
12.8
51.5
51.5
Cash
Cash
(3 mth LIBOR GBP)
(3 mth LIBOR GBP)
5.8
5.8
6.1
6.1
4.9
4.9
4.8
4.8
4.7
4.7
35.4
35.4
Due to the UCITS III
regulations, the new fund
will have stricter risk
parameters than SVM Saltire
Fund and is therefore likely
to have lower volatility,
though this may result in a
slightly lower return.
The SVM UK Absolute Alpha Fund is a long/short UK equity
fund. It differs from others in the Absolute Return sector as
it does not aim to be market neutral, instead having a
greater bias towards long or short positions as market
conditions vary. It aims to:
1. Beat cash returns over a 12 month period
2. Substantially beat cash returns over 36 month periods
3. Beat the Equity market over a full cycle
Managed by Colin McLean who has been managing this type
of strategy since 1992.
An authorised UCITS fund that is priced daily and has
daily dealing.
Enhanced commission/
dealing terms for offer
period only.
Call us today on:
0800 0199 110
This material is for distribution to professional investment intermediaries only. Past performance should not be seen as
an indication of future performance. Stockmarkets and currency movements may cause the value of an investment and the income
from it to fall as well as rise and investors may not get back the amount originally invested. Issued by SVM Asset Management who is
authorised and regulated by the Financial Services Authority. SVM Asset Management, 7 Castle Street, Edinburgh EH2 3AH.