Key information
The DJE Lux - DJE Multi Flex invests in fixed income bonds, equities, target funds and certificates. Depending on the assessment of the market situation, the fund assets may invest up to 100% of the subfund's assets in target funds or securities. However, it is also possible to invest up to 100% of the sub-fund assets in liquid assets, time deposits or money market instruments in the short term.
Key information
ISIN: | LU0346993305 |
WKN: | A0NDNP |
Category: | Fund EUR Flexible Allocation - Global |
VG/KVG: | DJE Investment S.A. |
Fund Manager: | DJE Kapital AG |
Risk Category: | 3 |
This sub-fund/fund promotes ESG features in accordance with Article 6 of the Disclosure Regulation (EU Nr. 2019/2088). | |
Type of Share: | |
Financial Year: | 01.01. - 31.12. |
Launch Date: | 01/07/2008 |
Fund currency: | |
Fund Size (27/03/2024): | 166,54 Mio |
TER p.a. (29/12/2023): | 0,67 % |
Reference Index: | - |
Fees
Initial Charge: | 6,000 % |
Management Fee p.a.: | 0,500 % |
Custodian Fee p.a.: | 0,070 % |
Advisory Fee p.a.: | 0,30 % |
Ratings & Awards (27/03/2024)
Morningstar*: |
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no esg data available
- is proprietary to Morningstar and/or ist content providers may not be copied or distributed and is not warranted ob e accurate, complete or timely. Neither Morningstar nor ist content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Perfomance Chart
Performance in Percent
Risk metrics (27/03/2024) |
|
---|---|
Standard Deviation (2 years): | 9,67 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -6,19 % |
Maximum Drawdown (1 year): | -4,68 % |
Sharpe Ratio (2 years): | -0,09 |
Correlation (1 years): | - |
Beta (1 years): | - |
Treynor Ratio (1 years): | - |
Top Country Allocation (29/02/2024) |
|
---|---|
Luxembourg | 51,19 % |
Ireland | 25,61 % |
Germany | 9,73 % |
United States | 9,13 % |
Asset Allocation (29/02/2024) |
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Funds | 86,53 % |
Certificates | 9,13 % |
Cash | 4,34 % |
Investment strategy
Chances
- The selection and weighting of asset classes and securities is based on fundamental, monetary and market analysis - this FMM approach has proven itself for over 45 years
- Maximum flexibility - no restrictions in the choice of investment instruments
- Asset management character through active risk management
Risks
- Previously proven investment approach does not guarantee future investment success
- Share prices can fluctuate relatively strongly due to market conditions
- Currency risks due to foreign content in the portfolio
- Price risks for bonds, especially in the event of rising interest rates on the capital market
Monthly Commentary
The DJE Lux – DJE Multi Flex recorded an increase in value of 1.56% in February. The target funds held with a focus on stocks were able to develop predominantly positively. The best result was achieved by the actively managed JPM-America Equity fund, followed by the Schroder ISF Asian Opportunities C, which invests in Asia. The target funds investing passively in the USA, such as the Xtrackers MSCI USA or the Invesco Markets S&P 500 ESG, also achieved pleasing growth. The global sustainability fund DJE – Environment & Values XP also rose significantly, while the ETF iShares MSCI Japan SRI, which invests passively in Japan, only increased moderately. Allianz European Equity Dividend, which invests in European dividend stocks, also increased, although not quite as strongly. The fund's performance was primarily impacted by target funds with a focus on bonds - these developed negatively due to the broad rise in yields of almost all types of bonds. Accordingly, the target fund Amundi Index US Corp SRI, which invests passively in bonds, suffered an impairment, as did the actively managed BlackRock Strategic Funds - Sustainable Euro Corporate Bond Fund D2. The mixed fund ProfitlichSchmidlin Funds UI I also achieved a slightly negative result. The gold certificate also fell slightly in February. During the month, the fund management reduced the ETF Xtrackers MSCI USA and sold the actively managed DJE – Europe and the passively managed Xtrackers US Treasuries.