Alma Advent Global Convertible Fund I USD C
LU1494400200
Alma Advent Global Convertible Fund I USD C/ LU1494400200 /
NAV2024-06-21 |
Chg.+0.1200 |
Type of yield |
Investment Focus |
Investment company |
145.8100USD |
+0.08% |
reinvestment |
Bonds
Worldwide
|
Alma Capital IM ▶ |
Investment strategy
The investment objective of the Sub-Fund is to provide long-term returns similar to global equities with substantially lower volatility by investing primarily in convertible securities of global corporate issuers. Convertible securities are "hybrid" securities that possess both fixed income and equity characteristics. A properly selected convertible security offers the ability to participate in a substantial portion of the underlying common stock's advances while being sheltered from a significant portion of its decline. In addition, a convertible security generally provides a current yield in excess of the dividend yield on the underlying common stock. Convertible securities also tend to exhibit a much lower degree of interest rate sensitivity than traditional fixed income securities and have a different set of performance drivers.
In seeking to achieve the Sub-Fund's investment objective, the Investment Manager employs a quantitative, "bottom up" investment approach that utilises proprietary analytical tools developed by the Investment Manager to identify statistically undervalued convertible securities with attractive risk/return characteristics. Credit analysis is used to determine the value of the straight debt component or "bond floor", which establishes a convertible's downside risk. The investment process generally does not rely on economic, interest rate or stock market forecasts, fundamental equity or technical analysis or market timing. To a lesser degree, the Investment Manager may consider market trends, industry group strengths, reported transactions of insiders and major shareholders, advice of investment specialists and other sources of information.
Investment goal
The investment objective of the Sub-Fund is to provide long-term returns similar to global equities with substantially lower volatility by investing primarily in convertible securities of global corporate issuers. Convertible securities are "hybrid" securities that possess both fixed income and equity characteristics. A properly selected convertible security offers the ability to participate in a substantial portion of the underlying common stock's advances while being sheltered from a significant portion of its decline. In addition, a convertible security generally provides a current yield in excess of the dividend yield on the underlying common stock. Convertible securities also tend to exhibit a much lower degree of interest rate sensitivity than traditional fixed income securities and have a different set of performance drivers.
Master data
Type of yield: |
reinvestment |
Funds Category: |
Bonds |
Region: |
Worldwide |
Branch: |
Convertible Bonds |
Benchmark: |
- |
Business year start: |
01-01 |
Last Distribution: |
- |
Depository bank: |
BNP Paribas, Luxembourg branch |
Fund domicile: |
Luxembourg |
Distribution permission: |
Luxembourg |
Fund manager: |
David Hulme, Tony Huang |
Fund volume: |
119.56 mill.
USD
|
Launch date: |
2016-12-01 |
Investment focus: |
- |
Conditions
Issue surcharge: |
2.00% |
Max. Administration Fee: |
0.75% |
Minimum investment: |
250,000.00 USD |
Deposit fees: |
- |
Redemption charge: |
0.50% |
Key Investor Information: |
- |
Investment company
Funds company: |
Alma Capital IM |
Address: |
83 avenue Marceau, 75116, Paris |
Country: |
- |
Internet: |
www.almacapital.com
|
Assets
Bonds |
|
96.30% |
Cash and Other Assets |
|
3.70% |
Countries
North America |
|
47.91% |
Europe |
|
29.17% |
Asia ex Japan |
|
7.54% |
Japan |
|
6.85% |
Others |
|
8.53% |