DISCLAIMER
The services and investment funds referenced in this website should not be regarded as an offer of solicitation for such services or investment funds in any jurisdiction where such activity is unlawful. This website is not directed at you, if we are prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use which would be contrary to local law or regulation.
The promotion of these Funds is restricted to clients who are experienced investors (Professional clients or Eligible counterparties as defined by the FCA) in these types of funds. This website and its contents are not intended to sell services or products over the internet, rather for internet viewer convenience and informational purposes. Subscriptions will only be received and shares issued on the basis of the current prospectus or Scheme Particulars for the fund. Every effort has been made to ensure the accuracy of the financial information herein but it is based on unaudited figures.
Past performance is not a guarantee of future performance. It should be remembered that the value of investments may fall as well as rise, investors may not get back the amount of money invested, currency movements may have a negative as well as positive influence on returns and past performance is not necessarily an indicator of future performance. Any investment decision should be made solely on the basis of the information and risk warnings contained within the information memorandum and/or prospectus issued by or on behalf of the fund or company concerned.
The Tendercapital Ltd funds are not available for purchase by US persons. Shares in the funds described on this website are not available for sale in any jurisdiction in which sale would be prohibited. Nothing in this website constitutes investment, legal, tax or other advice nor is it to be relied upon in making an investment decision. Please note that authorization by the FCA does not imply official approval or recommendation.
The information contained in this website shall not be published, rewritten for broadcast or publication or redistributed in any medium without prior written permission from Tendercapital Ltd.
Tendercapital Ltd is authorized and regulated by the Financial Conduct Authority.
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 January suffered from a negative mood linked to the explosion of the Coronavirus epidemic. During the final part of the month, the risk-off phase generated losses particularly in the pro-cyclical sectors (i.e. oil&gas, automotive), also due to a sudden drop in the price of commodities. On the macro front, indicators point to weakness in the European manufacturing sector and continued resilience by the US, driven by the private sector, as confirmed by the latest GDP figures. In this context, the fund maintained a net long exposure to the market of approximately 85% and broad diversification. Furthermore, several significant positions have been reduced after reaching the target price and, at the same time, new entries were made, bringing the total number of securities to 81. The “Quality” and “Low Volatility” factors were preferred in the selection of new companies. In the month of December, the “Biotechnology” strategy was the top contributor to portfolio performance. The largest ten securities accounted for 28% of the portfolio. The Big Data Analytics theme is the fund’s top strategy, with a weight of 20%.
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
- CLASS
- Retail
- WKN
- A1W3HE
- ISIN
- IE00B8XC4845
- NAV DATE
- 24-02-2020
- NAV PRICE
- 6.369
- NAV %
- -3.251
- FUND NAME
- Tendercapital Secular Euro
- CLASS
- Institutional
- WKN
- A1W3HH
- ISIN
- IE00B8XCNZ43
- NAV DATE
- 24-02-2020
- NAV PRICE
- 6.856
- NAV %
- -3.259
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.