SMN Diversified Futures Fund 1996/  LU0070804173  /

The fund aims for dynamic capital growth. The fund invests broadly diversified across different asset classes in a portfolio of globally traded liquid futures and forwards. The aim of the trading system is to generate returns from directional price movements - regardless of their direction - within predefined limits. This enables performance that is largely independent of traditional investment instruments. Derivative financial instruments are also used to hedge foreign currency risks. The fund's investment strategy is based on systematic trend following. It is implemented in practice by means of a computer-aided trading system. In general, the Fund may invest up to 100% of the Fund's assets in cash for liquidity management purposes. Cash is defined as bank deposits, short-term government securities, debt securities or equivalent securities, provided they have a good credit rating and are liquid, money market funds or other funds with comparable credit ratings.

The fund aims for dynamic capital growth. The fund invests broadly diversified across different asset classes in a portfolio of globally traded liquid futures and forwards. The aim of the trading system is to generate returns from directional price movements - regardless of their direction - within predefined limits.