![Maerkte-DJE-Anleger-Webinar](/globalassets/productdetail/mobil/lu0159549145_en.jpg)
Key information
DJE - Multi Asset & Trends is a dynamic global multi-asset fund. The diversified portfolio of approximately 50 to 70 equities and between 20 to 40 bonds is managed independent from any benchmark. The fund management pursues a thematic approach to benefit from current and long-term trends, including digital transformation, demographics & health, and clean technologies. The strategy targets companies with stable business models and above-average growth prospects, combined with reasonable valuations. Additional diversification is achieved by investing in up to 10% of the portfolio in gold. The fund seeks to exploit global opportunities to generate an attractive performance.
Responsible manager since 23/01/2017
Key information
ISIN: | LU0159549145 |
WKN: | 164317 |
Category: | Fund EUR Flexible Allocation - Global |
Minimum Equity: | 51% |
Partial Exemption of Income ¹: | 30% |
VG/KVG: | DJE Investment S.A. |
Fund Management: | DJE Kapital AG |
Risk Category: | 4 |
This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
Type of Share: | distribution |
Financial Year: | 01.01. - 31.12. |
Launch Date: | 27/01/2003 |
Fund currency: | EUR |
Fund Size (25/07/2024): | 294,58 Mio EUR |
TER p.a. (29/12/2023): | 1,86 % |
Reference Index: | - |
Fees
Initial Charge: | 4,000 % |
Management Fee p.a.: | 1,600 % |
Custodian Fee p.a.: | 0,060 % |
Performance Fee p.a.: 10% of the unit value development, provided the unit value at the end of the settlement period is higher than the highest unit value at the end of the previous settlement periods of the last 5 years [High Water Mark Principle]. The settlement period begins on 1 January and ends on 31 December of a calendar year. Payment is made at the end of the accounting period. For further details, see the sales prospectus. |
Ratings & Awards (25/07/2024)
Morningstar*: |
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Awards: Scope Award 2023 Best Fund in the category "Mixed Fund Global Flexible" in Switzerland |
All ESG information presented here relates to the fund portfolio shown and is sourced from MSCI ESG Research, a leading provider of environmental, social and governance analysis and ratings.
MSCI ESG RATING (AAA-CCC): | A |
ESG-Qualityrating (0-10): | 6,953 |
Environment Rating (0-10): | 6,196 |
Social Rating (0-10): | 5,306 |
Governance-Rating(0-10): | 5,774 |
ESG rating in comparison group (0% lowest, 100% highest value): | 27,170 % |
Peergroup: |
Mixed Asset EUR Agg - Global
(449 Fonds) |
Coverage rate ESG rating: | 88,052 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 111,801 |
Portfolio allocation according to ESG rating of individual securities
Report date: 28/06/2024
- The fiscal treatment depends on the personal circumstances of the respective client and can be subject of change in the future.
- 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
Rolling performance in %
Risk metrics (25/07/2024) |
|
---|---|
Standard Deviation (2 years): | 8,30 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -5,14 % |
Maximum Drawdown (1 year): | -4,20 % |
Sharpe Ratio (2 years): | 0,33 |
Correlation (1 years): | - |
Beta (1 years): | - |
Treynor Ratio (1 years): | - |
Country allocation total portfolio (% NAV)
*Note: Cash position is included here because it is not assigned to any country or currency.
Data: Anevis Solutions GmbH, own illustration 28/06/2024
Top Ten Holdings in % of Fund Volume
Equity Portfolio | Portfolio without share | ||
---|---|---|---|
ALPHABET INC-CL C | 3.02% | INVESCO PHYSICAL GOLD ETC | 6.70% |
APPLE INC | 2.41% | UNITED MEXICAN STATES (4.875%) | 2.32% |
MICROSOFT CORP | 2.22% | BUONI POLIENNALI DEL TES (4.20%) | 1.68% |
ALLIANZ SE-REG | 2.11% | NORWEGIAN GOVERNMENT (1.75%) ( | 1.32% |
AMAZON.COM INC | 2.10% | US TREASURY (4.875%) | 1.25% |
HANNOVER RUECKVERSICHERU-REG | 1.58% | US TREASURY N/B | 0.91% |
TOKIO MARINE HOLDINGS INC | 1.48% | MSCI INC (4.00%) | 0.85% |
NOVO NORDISK A/S-B | 1.45% | US TREASURY (3.50%) | 0.83% |
SUMITOMO MITSUI FINANCIAL GR | 1.42% | SOFTBANK GROUP CORP (2.8750%) | 0.80% |
BROADCOM LTD | 1.34% |
Current status: 28/06/2024
When buying a fund, one acquires shares in the said fund, which invests in securities such as shares and/or in bonds, but not the securities themselves.
Top Country Allocation in % of Fund Volume (28/06/2024) |
|
---|---|
United States | 42,25 % |
Germany | 12,61 % |
Japan | 9,36 % |
United Kingdom | 4,66 % |
France | 4,42 % |
Asset allocation in % of the fund volume (28/06/2024) |
|
---|---|
Stocks | 69,01 % |
Bonds | 22,39 % |
Certificates | 7,39 % |
Cash | 1,21 % |
Investment strategy
The asset allocation of the DJE - Multi Asset & Trends fund follows a consistent bottom-up approach. It is based on fundamental factors such as market positioning, balance sheet and earnings potential, valuation, management quality, and sustainability criteria. The fund management takes a flexible approach to asset classes and allocates across sectors and countries with the aim of managing risk and capitalising on opportunities that arise. Gold is an asset class that has a low correlation with equities and bonds and provides additional stability; it can represent up to 10% of the fund. With the growth-oriented risk-reward profile and broad diversification across different asset classes, the fund aims for attractive returns combined with low volatility.
![Investment approach](/globalassets/investmentconcept/lu0159549145_en_dje_multiassettrends_eng_72dpi_homepage.jpg)
Chances
- The cash quota (up to 49%) can be used flexibly in order to cushion difficult market phases as much as possible.
- Equities enable participation in the growth opportunities of the global equity markets independently of benchmark index specifications.
- Flexible addition of bonds (up to 50%) and other securities such as certificates on precious metals (up to 10% gold) possible.
- Offensive, theme-oriented, global multi-asset fund with ongoing adjustment of its portfolio to the expected market situation.
Risks
- Bonds are subject to price risks when interest rates rise, as well as country risks and the creditworthiness and liquidity risks of their issuers.
- In the case of securities not denominated in euros, there is a currency risk for euro investors.
- An investment in precious metals is subject to fluctuations in value.
- Share prices can fluctuate relatively strongly due to market, currency and individual value factors.
Target group
Der Fonds eignet sich für Anleger
- who wish to reduce risk through broad diversification of investments
- with a medium to long-term investment horizon
- who wish to reduce risk compared to a direct investment
Der Fonds eignet sich nicht für Anleger
- who seek safe returns
- with a short-term investment horizon
- who are not prepared to accept increased volatility
Monthly Commentary
The international stock markets showed a mixed performance in June. The stock markets in Germany and Europe were weak. The German share index DAX lost -1.42% and the broad European share index Stoxx Europe 500 fell by -1.30%. In contrast, the broad US share index S&P 500 was strong, rising by 4.73%. Hong Kong's Hang Seng Index closed the month slightly down by -0.65%. Overall, global equities, as measured by the MSCI World, advanced by 3.18% - all index figures in euro terms. As announced, the US Federal Reserve maintained its key interest rate level. However, US inflation fell moderately and the core rate excluding food and energy fell slightly more, so that market expectations of a key interest rate cut in the current year remained unchanged. This supported the US stock markets. The European Central Bank lowered its key interest rates as expected, although this move was already largely reflected in share prices. What weighed on European stock markets, however, were the European elections and the early elections in France that were announced as a result. As a result, there was a massive sell-off in French shares and government bonds. On the bond markets, German government bonds in particular benefited from the ECB's interest rate cut. Yields on 10-year bonds fell by 16 basis points to 2.50%, while those of their US counterparts fell by just 10 basis points to 4.40%. Gold treaded water in June. The troy ounce fell by -0.02% to USD 2,326.75. In this market environment, the DJE - Multi Asset & Trends rose by 2.46%. On the global equity market, half of the sub-sectors produced positive results. The best performing sectors were technology, consumer cyclicals and healthcare, while commodities, consumer goods & services and utilities were particularly disappointing. The fund benefited primarily from its exposure to the technology, telecoms and healthcare sectors, while the consumer goods & services, automotive and food & beverage sectors were the biggest detractors from performance. At the individual stock level, the strongest results came from Crowdstrike Holdings, a provider of IT security solutions, the semiconductor manufacturer Broadcom and the cloud platform Servicenow (all US). By contrast, the US sporting goods group Nike, the Japanese cosmetics manufacturer Shiseido and the pan-Asian insurance group AIA, based in Hong Kong, were among the disappointing performers. Over the course of the month, the fund management increased the weighting of the technology sector in particular and also expanded the healthcare and consumer goods & services sectors, among others. In return, it reduced the Financial Services and Industrials sectors, among others. As a result of the adjustments, the equity allocation rose from 67.39% to 69.01%. The bond allocation fell from 23.57% to 22.39%. The precious metals ratio remained stable at 7.39% (previous month: 7.59%) and liquidity fell from 1.44% to 1.21%.