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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.
The month of February confirmed the positive phase in the stock markets, with a positive contribution of all sectors with the exclusion of Real Estate. The resurgence of the indexes was supported by cyclical and defensive sectors; however there was relative weakness in the Auto&Parts (+0.7%) and Telco (+0.1%) sectors. Nonetheless, the positive market context is accompanied by a continuation of the phase of economic weakness at European level and a significant divergence between the manufacturing (PMI manufacturing at 52.8) and services (PMI services 52.8) sectors. In February, the fund maintained satisfactory diversification with a total of 53 positions and a liquidity buffer of 19%. In the month of February, the urbanization theme was the top contributor to portfolio performance, while there was a negative contribution from Robotics & Automation and Smart Mobility. The largest ten securities accounted for 25% of the portfolio. The segment is diversified between small, medium and large caps, with the large cap component overweighted at 46%. The clean tech solution theme is the fund’s top strategy, with a weight of 16.4%
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
- 21-03-2019
- NAV PRICE
- 6.206
- NAV %
- 0.37
- FUND NAME
- TENDERCAPITAL SECULAR EURO FUND
- CLASS
- Institutional
- WKN
- A1W3HH
- ISIN
- IE00B8XCNZ43
- NAV DATE
- 21-03-2019
- NAV PRICE
- 6.614
- NAV %
- 0.36
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.