In a video interview with EIE’s Tjibbe Hoekstra, Michael Ausfelder of wealth and asset manager Vermögenszentrum explains why he believes alternative Ucits funds are indispensable for modern-day portfolios.
A poll at Expert Investor Europe’s Alternative Ucits Congress in Versailles earlier this month showed that little over half of delegates negotiate the fees they pay for their alternative investment funds. Dan Kemp of Morningstar finds this figure ‘surprisingly low’, and suggests that fund selectors should attach more importance to costs.
If investors use alternative Ucits funds, they prefer to allocate significantly. Some 42% of delegates at Expert Investor Europe’s Alternative Ucits Congress, held last week in Versailles, believe a medium-risk portfolio should contain more than 25% of alternative Ucits funds.
See below for a slideshow of photos taken at Expert Investor Europe’s Alternative Ucits Congress, held in Versailles on 15 and 16 October 2015.
Industrifinans’s Arild Orgland explains why he is a big UCITS fan and talks about how he scours the fund world for managers who think in the same way that he does.
Over the past two decades or so, Ucits has become the default fund format for cross-border funds. Since the UCITS IV directive opened up the alternative space for Ucits funds in 2009, the format has become even more ubiquitous. Its dominance has even gone as far that many fund selectors have narrowed down their selection…
Institutional investors based in Europe have withdrawn $6.8bn from offshore hedge funds in the first seven months of the year, according to data compiled by Mandatewire. By contrast, North American investors have continued to pour money into the asset class.
Demand for liquid funds with a mandate to invest in derivative strategies appears insatiable in Europe, with net fund flows having exceeded €7bn each month since February. And a convincing majority of fund buyers wants to continue adding to their absolute return holdings, according to EIE’s latest data. But do these so-called alternative Ucits funds…
Consider the following: you come together with your investment committee, look at macroeconomic fundamentals, GDP growth trends and companies’ earnings forecasts, and you come to the conclusion that European equities are far more attractive than stocks elsewhere. However, you and your colleagues also agree that, with a rate hike in the US this year ever…
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.
In part two of this interview, Jean-Charles de le Court evaluates the rise of alternative Ucits funds, and explains why they have become more attractive for him to invest in. He also clarifies why he tends to prefer a small funds with little assets under management over their established peers.
Jean-Charles de le Court tells EIE’s Dylan Emery how he goes about selecting managers for his ‘fund-of satellites’ strategy. He explains why he is not so much focused on volatility, but insists on managers who invest in their own funds.
