Swiss asset manager Unigestion has reported net returns of 10.6% for its multi asset fund Uni-Global – Cross Asset Navigator at the end of 2017.
Last year marked the $183m AUM fund’s third year of existence. Since inception, it has delivered annual net returns of 5.3% – as of 24 January 2018 – with a volatility level equivalent to a third of that of the MSCI All Country (AC) World index.
Jerome Teiletche, head of Cross Asset Solutions at Unigestion, said: “Our overall performance has been achieved consistently with expected contributions from both traditional and alternative risk premia, and from the diversified range of systematic and discretionary strategies run by the team.
“As we move further into 2018, our positioning still favours growth assets over fixed income to benefit from the synchronised growth, but we are preparing the portfolio for higher inflation expectations as indicated by our nowcasters for more than one year now. From our standpoint, the major risk is a stronger normalisation of monetary policy than what the market is currently expecting. Furthermore, as valuations are becoming stretched on most traditional assets, we expect our alternative risk premia strategies to contribute further to our performance and focus on relative value positioning.”
Established in 1971, Unigestion has $26.5bn (€21.2bn) of assets under management.