Universal Investment launches total return fund with Swiss boutique
German asset manager Universal Investment has teamed up with Strongbox Capital, a Zurich-based boutique to launch the Strongbox Global Markets Total Return fund.
The fund, which invests in a universe of up to 50 global equity stocks aims to offer investors a total return performance based on Strongbox’s proprietary investment model, which makes use of insights from behavioural finance research.
In contrast to traditional long-only funds, the vehicle has the capacity to adjust its investment ratio between 0% and 100% depending on Strongbox’ trading signals, which are adjusted on a monthly basis.
The fund currently has an investment ratio of 70%, with almost 40% of its equities being US stocks, followed by Germany, Singapore and Belgium. In terms of sector exposure, the fund’s biggest holdings are in information technology (21.73%), followed by healthcare (13.41%), industrials (10.02%) and financials (9.88%) as of 5 April 2018.
The fund is available as USD share class and offers an accumulating distribution policy. Ongoing charges are set at 1.10% while the advisory fee is set to a maximum of 1% per annum and the management fee to a maximum of 0.30% per annum.