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TCSETendercapital Secular Euro
This is a Euro denominated fund which invests primarily in European equities and provides the Client with the means of gaining exposure to the potential upside of equity markets over the medium term. The investment manager selects undervalued themes highlighted by a top-down quantitative secular analysis which then focuses on a single company and its future economic prospects, emphasizing European companies with business activities in foreign markets. The portfolio is carefully constructed piecemeal through a rigorous top-down analysis of the future demographic trends and the socio-economic-healthcare developments.
Achieve a positive annual return with a medium risk profile.
In April, the market confirmed the positive phase characterised, in Europe, by an outperformance of cyclical sectors compared to defensive ones. The Tech and Auto&Parts sectors were the best in Europe, with performance of +6.8% and +5.8%, respectively. However, although economic figures are stabilising, they remain disappointing.
The fund maintained satisfactory diversification with a total of 49 positions. The defensive investment strategy resulted in the maintenance of a liquidity buffer of 18% and hedging through short exposure to the European market index. The “Urbanization” theme was the top contributor to portfolio performance, while there was a negative contribution from “Biotechnology”. The largest ten securities accounted for 27.8% of the portfolio. The segment is diversified between small, medium and large caps, with the large cap component overweighted at 43%. The Urbanisation theme, following the entry of new companies, has become is the fund’s top strategy with a weight of 17.0%.
Europe Large-Cap Blend Equity
ISIN Code Share Class: SECULAR EURO RETAIL ACC SHARE CLASS
ISIN Code: IE00B8XC4845
Consult Monthly Factsheet
ISIN Code Share Class: SECULAR EURO INSTITUTIONAL ACC AI SHARE CLASS
ISIN Code: IE00B8XCNZ43
DISTRIBUTION Ireland, United Kingdom, Italy, Switzerland
The KIID (Key Investment Information Document) provides you with key investor information about the funds.
The information is required by law to help you understand the nature and the risks of investing in this fund.
You are advised to read it so you can make an informed decision about whether to invest.
Please select just the KIID(s) related to your country of residence.
- FUND NAME
- TENDERCAPITAL SECULAR EURO FUND
- CLASS
- Retail
- WKN
- A1W3HE
- ISIN
- IE00B8XC4845
- NAV DATE
- 17-05-2019
- NAV PRICE
- 6.114
- NAV %
- -0.08
- FUND NAME
- TENDERCAPITAL SECULAR EURO FUND
- CLASS
- Institutional
- WKN
- A1W3HH
- ISIN
- IE00B8XCNZ43
- NAV DATE
- 17-05-2019
- NAV PRICE
- 6.540
- NAV %
- -0.09
Funds Documents
Full Prospectus
[1] Distributors marked with [1] act as sub-distributors on behalf of Allfunds Bank S.A., which serves as primary distributor (without exclusive agreement) of Tendercapital Funds plc’s shares in Italy, with option to make use of sub-distributors.
[2] Distributors marked with [2] act as sub-distributors on behalf of Online Sim SpA, which serves as primary distributor (without exclusive agreement) of Tendercapital Funds plc’s shares in Italy, with option to make use of sub-distributors.