Warburg Invest has launched the market-neutral mutual fund Warburg Stock Market Neutral Global.
The portfolio is particularly suitable as a diversification component in a portfolio due to its low correlation to other asset classes. “The fund systematically collects factor premiums for equities from Europe, North America and Asia. Market and currency risks are hedged through the use of liquid index and foreign exchange derivatives, “said Matthias Mansel, managing director of Warburg Invest.
The return target is given by Mansel at 2% points above the 3-month Euribor per annum.
The basis for this is the Warburg multi-factor strategies, which evaluate a large number of company key figures of the respective stock markets. The data is then summarized into yield-explanatory factors. It is not the individual values that are important, but the portfolio properties.
Investors can invest in the fund with an institutional tranche starting at €500,000. The subscription phase runs until 31 October. Warburg Invest takes over management of the new product, NORD/LB Asset Management AG acts as an asset management company. The depositary is Landesbank Baden-Württemberg (LBBW).