French boutique Wiséam has soft-launched the Capital Long Terme fund on 19 September 2016.
This diversified strategy, which has currently over €6.2m in assets, seeks to outperform its benchmark (50% MSCI WORLD NR EUR & 50% Bloomberg/EFFAS Indices Euro Govt 3–5 Yr TR) over a five-year period.
The portfolio’s allocation will be flexible but it targets an equal investment split between equities and bonds.
The Capital Long Terme fund can invest 0% to 100% of its net assets in bonds and money market instruments issued in euros or other currencies by private and public issuers based in the European Union, Switzerland and in the US.
The fund is not constrained in bonds’ duration and ratings. However, it can be invested at a maximum of 20% in non-rated bonds and up to 60% in high yield securities.
Also, its equity exposure can reach a maximum of 60% of its net assets. The Capital Long Terme fund will invest in companies based in the EU, the US and in Switzerland regardless of their capitalisation.
Stocks from European companies outside France and Swiss firms will be picked within the Stoxx Europe 600 universe while investments will be made in the S&P 500 universe for US equities.
Lastly, the fund can be invested up to 10% in other traditional or alternative funds.
Wiséam, which also runs two funds of funds, has been established in 2011.