Harcourt launches actively-managed premium strategy

 

Harcourt, the alternative boutique of Vontobel Asset Management, launches the Pure Premium Strategy to offer liquid alternatives in UCITS wrapper to further meet investor demand for transparent and cost-efficient alternative strategies.

 

In the past, investors could only access alternative risk premia, those returns that can be achieved by investing in alternative strategies, through rather illiquid and costly hedge funds or funds of hedge funds.

 

The Vontobel Fund – Pure Premium Strategy offers state-of-the-art diversification benefits to institutional and private clients in periods of stress in financial markets. The fund complements Harcourt’s newly created "Research-Driven Strategies" product line, which also includes Pure Momentum and Pure Dividend strategies. "Research-Driven Strategies" indicates that alternative risk premia are mostly a reflection of a given trading strategy followed by an investor. This is in contrast to traditional funds, in which performance reflects any fluctuations in asset classes such as equities and bonds.

 

The fund is actively managed and aims to systematically earn option premium from various asset classes worldwide, (for example by selling options). At the same time it significantly reduces market-price risk, for example through active management using derivatives. The fund mainly invests in liquid call and put options that Harcourt  believes, based on an in-house systematic analysis, represent attractive investment opportunities. The funds aim is to achieve a risk-adjusted return exceeding the three-month US-dollar LIBOR by 3% to 5%.

 

Vontobel Fund - Pure Premium Strategy

Fund domicile:		Luxembourg
Portfolio manager:		Martin Tschunko, PhD, CFA
Fund currency:		USD
Management fee in % p.a.:		Retail share class: 1.50%  Institutional share classes: 0.75%
Performance fee in % p.a.:		10%
Benchmark:		Three-month USD LIBOR
Share classes:		ISIN    B:  LU0971938781    I:  LU0971938864    H-CHF:    LU0971938948    HI-CHF:   LU0971939086    H-EUR:  LU0971939169    HI-EUR:  LU0971939243

 

Contact

Media Relations:

Reto Giudicetti

+41 (0)58 283 61 63

 

 

Disclaimer
This document is for information purposes only and does not constitute an offer to subscribe for shares of the Fund. Subscriptions of the Vontobel Fund, an investment fund under Luxembourg law (SICAV), should in any event be made solely on the basis of the current offering prospectus, the Key Investor Information Document (KIID), the articles of incorporation and the most recent annual or semi-annual report (for Italy also the "Modulo di Sottoscrizione") and after seeking the advice of an independent finance, legal, accounting and tax specialist. Interested parties may obtain the above-mentioned documents, as well as the list of changes in portfolio during the year and the list of benchmarks free of charge from the representative in Switzerland: Vontobel Fonds Services AG, Gotthardstrasse 43, 8022 Zurich, the paying agent in Switzerland: Bank Vontobel AG, Gotthardstrasse 43, 8022 Zurich, the paying agent in Austria Erste Bank der oesterreichischen Sparkassen AG, Graben 21, A-1010 Wien, the paying agent in Germany: B. Metzler seel. Sohn & Co. KGaA, Grosse Gallusstrasse 18, 60311 Frankfurt/Main, from the authorized distribution agencies and from the offices of the fund at 69, route d’Esch, L-1470 Luxembourg. They may also download these documents from our website at funds.vontobel.com.

 

The Fund and its subfunds are included in the register of Netherland's Authority for the Financial Markets as mentioned in article 1:107 of the Financial Markets Supervision Act (Wet op het financiële toezicht). In Spain, funds authorized for distribution are recorded in the register of foreign collective investment companies maintained by the Spanish CNMV (under number 280). The funds authorized for distribution in the United Kingdom can be viewed in the FCA register under the Scheme Reference Number 466623. Past performance is not a reliable indicator of current or future performance. Performance data take no account of the commissions and costs charged when units are issued and redeemed. The return of the Fund may go down as well as up due to changes in rates of exchange between currencies.

 

An investment in a sub-fund of the Vontobel Fund carries various risks which are explained in the sales prospectus. In particular, we wish to draw your attention to the following risks:

 

Investments in the securities of emerging market countries may exhibit considerable price volatility and – in  addition to the unpredictable social, political and economic environment – may also be subject to general operating and regulatory conditions that differ from the standards commonly found in industrialised countries. The currencies of emerging market countries may exhibit wider fluctuations.
Investments in riskier, higher yielding bonds are generally considered to be more speculative in nature. These bonds carry a higher credit risk and their prices are more volatile than bonds with superior credit ratings. There is also a greater risk of losing the original investment and the associated income payments. Commodity investments can be very volatile and are prone to sudden swings over the long run. Governments may at times intervene directly in certain commodity markets. These interventions can cause significant swings in the prices of different commodities. Investments in derivatives are often exposed to the risks associated with the underlying markets or financial instruments, as well as issuer risks. Derivatives tend to carry more risk than direct investments.