EQUAM Global Value, FCP
Transcripción
EQUAM Global Value, FCP
EQUAM Global Value, FCP EQUAMVA LX 107,04€ 27 de mayo de 2015 Descripción EQUAM Global Value invierte a largo plazo en una cartera diversificada de compañías con un modelo de negocio claro, estructura de capital sólida y que cotizan a un descuento significativo sobre su valor intrínseco. EQUAM Global Value está gestionado con criterios estrictos de análisis de riesgo para minimizar la posibilidad de pérdida permanente de capital. Invertimos sólo en situaciones en las que el riesgo es cuantificable y asumible y donde el potencial de revalorización excede de modo asimétrico cualquier posible escenario negativo. En ausencia de oportunidades atractivas de inversión, preferimos mantener liquidez. EQUAM Global Value es un fondo (FCP) UCITS domiciliado en Luxemburgo, que está registrado en CNMV y es traspasable. Principales Posiciones Denominación Divisa País Sector de actividad Tipo de inversión Alstom SA MITIE Group PLC Stallergenes SA Halliburton Company Hornbach-Baumarkt-AG Discovery Communications, Inc. Class A Bank of New York Mellon Corporation Orkla ASA eBay Inc. IBM Corp Total Top 10 EUR GBP EUR USD EUR USD USD NOK USD USD France United Kingdom France United States Germany United States United States Norway United States United States Industrial Business Services Healthcare Industrial Services Retail Commercial Services Finance Industrial Commercial Services Business Services Special Situation Compounder Special Situation Special Situation Compounder Compounder Restructuring Special Situation Special Situation Deep value Peso 5,2% 4,0% 4,0% 4,0% 3,9% 3,0% 3,0% 3,0% 2,9% 2,5% 35,5% Resumen de exposición de la cartera Sector Technology 3% Business Services 16% País Austria Greece 4% 2% Commercial Services 19% Retail 6% United States 36% Finance 11% Consumer goods 5% Deep value 22% Special Situation 29% France 23% Real Estate 5% Healthcare 6% Estrategia Canada 5% Restructuring 10% Germany 6% Industrial Services 9% Netherlands 3% Norway United Kingdom South Korea 4% 12% 5% Industrial 20% Compounder 39% Nivel de inversión y evolución Valor Liquidativo Clase A Nivel de Exposición Cash 34% 110 107,04 108 106 104 102 100 98 Equities 66% Incometric Fund - Equam Global Value - Class A Ticker Bloomberg Ticker Telekurs ISIN Valor Liquidativo EQUAMVA LX 21312974 LU0933684101 Semanal, Jueves Asesor de Inversiones Sociedad Gestora Banco Depositario Transfer Agent Equam Capital EAFI ADEPA (Lux) KBL (Lux) European Fund Admin. Comisión fija Comisión variable Traspasabilidad Distribuidores en España 1% sobre patrimonio 10% sobre plusvalías SI - Nº registro CNMV: 587 All Funds, Inversis EQUAM Global Value, FCP EQUAMVA LX 107,04€ 27 May 2015 Description EQUAM Global Value holds a diversified portfolio of stable investments in companies bought at a low valuation, that are predictable, reasonably financed and that operate in sectors with low competitive pressures. EQUAM Capital is the registered financial advisor to the fund, and is devoted exclusively to the search and analysis of potential investments for the Fund. EQUAM Capital looks for investments in equities that are trading at a significant discount to their intrinsic value and thus offer a reasonable margin of safety and good upside potential. EQUAM Capital is committed to a strict risk control procedure to avoid the permanent loss of capital in each of its investments. After a thorough analysis, EQUAM selects investments in companies that are reasonably financed, have a sustainable business model and that trade at a low valuation. Main holdings Company Currency Country Sector Type of investment Alstom SA MITIE Group PLC Stallergenes SA Halliburton Company Hornbach-Baumarkt-AG Discovery Communications, Inc. Class A Bank of New York Mellon Corporation Orkla ASA eBay Inc. IBM Corp Total Top 10 EUR GBP EUR USD EUR USD USD NOK USD USD France United Kingdom France United States Germany United States United States Norway United States United States Industrial Business Services Healthcare Industrial Services Retail Commercial Services Finance Industrial Commercial Services Business Services Special Situation Compounder Special Situation Special Situation Compounder Compounder Restructuring Special Situation Special Situation Deep value Weight 5,2% 4,0% 4,0% 4,0% 3,9% 3,0% 3,0% 3,0% 2,9% 2,5% 35,5% Portfolio summary Sector Business Services 16% Technology 3% Commercial Services 19% Industrial Services 9% Industrial 20% Deep value 22% Special Situation 29% United States 36% Finance 11% Retail 6% Canada 5% France 23% Real Estate 5% Consumer goods 5% Healthcare 6% Strategy Country Greece Austria 4% 2% United Kingdom 12% Restructuring 10% Germany 6% Netherlands 3% Norway South Korea 4% 5% Compounder 39% NAV evolution and exposure to equity EQUAM Global Value Class A - NAV Exposure to equities 110 Cash 34% 107,04 108 106 104 102 100 98 Equities 66% Incometric Fund - Equam Global Value - Class A Ticker Bloomberg Ticker Telekurs ISIN NAV calculation EQUAMVA LX 21312974 LU0933684101 Weekly Investment Advisor Management Company Custodian Transfer Agent Equam Capital EAFI ADEPA (Lux) KBL (Lux) European Fund Admin. Management fee Performance fee Register number at CNMV Distribution in Spain 1% on average assets 10% of returns 153 All Funds, Inversis