Key information
DJE - Multi Asset & Trends is a dynamic and globally investing multi-asset fund. The concentrated portfolio of approximately 50 to 70 individual equities and between 20 to 40 bonds is managed independently of benchmark requirements. The fund management pursues a theme-oriented approach to benefit from current and long-wave trends, including e.g. digital life, demographics and health and green technologies. In general, the strategy focuses on companies with strong substance and above-average growth opportunities combined with attractive valuations. Additional diversification is sought by investing up to 10% of the portfolio in gold. By exploiting global opportunities, the fund offers the possibility of generating an attractive performance.
Responsible manager since 23/01/2017
Key information
| ISIN: | LU0159550747 |
| WKN: | 164318 |
| Category: | Global Balanced Funds - Flexible |
| VG/KVG: | DJE Investment S.A. |
| Fund Manager: | DJE Kapital AG |
| Risk Category: | 5 |
| This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
| Type of Share: | accumulation |
| Financial Year: | 01.01. - 31.12. |
| Launch Date: | 27/01/2003 |
| Fund currency: | EUR |
| Fund Size (01/12/2022): | 142,39 Mio EUR |
| TER p.a. (30/12/2021): | 1,69 % |
| Reference Index: | |
Fees
| Management Fee p.a.: | 1,200 % |
| Custodian Fee p.a.: | 0,100 % |
Ratings & Awards (01/12/2022)
| Morningstar*: |
|
|
Awards: Scope Award 2022 Best Fund in the category "Mixed Fund Global Flexible" in Austria und Switzerland Austrian Fund Award 2021 "Outstanding" in the category "Mixed funds global equity-oriented" Scope Award 2021 Best fund in the category "Mixed Fund Global Flexible" in Germany |
ESG Data
| MSCI ESG RATING (AAA-CCC): | AA |
| ESG-Qualityrating (0-10): | 8,327 |
| Environment Rating (0-10): | 6,298 |
| Social Rating (0-10): | 5,559 |
| Governance-Rating(0-10): | 5,814 |
| ESG rating in comparison group (0% lowest, 100% highest value): | 79,020 % |
| Peergroup: |
Mixed Asset EUR Flex - Global
(1349 Fonds) |
| Coverage rate ESG rating: | 82,374 % |
| Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 91,637 |
Report date: 30/11/2022
Perfomance Chart
Performance in Percent
Risk metrics |
|
|---|---|
| Standard Deviation (2 years): | 10,14 % |
| Tracking Error (1 years): | - |
| Value at Risk (99% / 20 days): | -6,42 % |
| Maximum Drawdown (1 year): | -15,41 % |
| Sharpe Ratio (2 years): | 0,34 |
| Correlation (1 years): | - |
| Beta (1 years): | - |
| Treynor Ratio (1 years): | - |
Top Country Allocation (30/11/2022) |
|
|---|---|
| United States | 43,59 % |
| Germany | 12,95 % |
| Denmark | 4,28 % |
| Japan | 4,22 % |
| France | 4,11 % |
Asset Allocation (30/11/2022) |
|
|---|---|
| Stocks | 72,22 % |
| Bonds | 17,83 % |
| Certificates | 8,00 % |
| Cash | 1,95 % |
Investment approach
The selection of individual stocks for DJE - Multi Asset & Trends follows a consistent bottom-up approach. This is based on fundamental factors such as market positioning, balance sheet and earnings potential, valuation, management quality and sustainability criteria. The fund management allocates the asset classes flexibly and weights the individual stocks, sectors and countries depending on the expected market situation with the aim of spreading the portfolio risk and taking advantage of the opportunities that arise. Gold is another portfolio component that is low-correlated with equities and bonds and should provide additional stability, with a quota of up to 10% of the portfolio possible. With the offensive risk-reward profile and broad diversification across different asset classes, the fund aims for attractive performance, but also comparatively low volatility.
Chances
- Flexible addition of bonds (up to 50%) and other securities such as certificates on precious metals (up to 10% gold) possible.
- Equities enable participation in the growth opportunities of the global equity markets independently of benchmark index specifications.
- Offensive, theme-oriented, global multi-asset fund with ongoing adjustment of its portfolio to the expected market situation.
- The cash quota (up to 49%) can be used flexibly in order to cushion difficult market phases as much as possible.
Risks
- Share prices can fluctuate relatively strongly due to market, currency and individual value factors.
- In the case of securities not denominated in euros, there is a currency risk for euro investors.
- Bonds are subject to price risks when interest rates rise, as well as country risks and the creditworthiness and liquidity risks of their issuers.
- An investment in precious metals is subject to fluctuations in value.
Monthly Commentary
The name of the DJE - Alpha Global has been changed to DJE - Multi Asset & Trends in October 2022. Only the name of the fund has changed. The investment philosophy remains the same.<br><br>Most international stock markets experienced a splendid comeback in October after a deep red third quarter. The German DAX rose 9.41%, outperforming the broad European Stoxx Europe 600 index, which gained 6.28%. On the other side of the Atlantic the S&P 500 advanced 6.93%. Only Hong Kong's Hang Seng Index lost -15.55%. Overall global equities as measured by the MSCI World gained 6.06% - all index data in euro terms. Hopes of less aggressive monetary policies by central banks in the US and Europe were an important catalyst for the soaring equity prices. This was reinforced by the price of gas, which fell significantly in an October that was warmer than average. However, inflation rates, which remained very high dashed this hope. In the euro zone it rose to 10.7%, the highest level since the existence of the euro and in the USA to 8.2% compared to the same month of previous year. On the international stock markets all sectors - with the exception of basic materials and real estate - developed positively in October. By far the highest price gain was recorded by the energy sector, followed by the sectors media, industry, credit institutions and insurance. In this market environment the price of DJE - Multi Asset & Trends rose 1.60%. The fund benefited in September primarily from stock selection in the sectors automotive and utilities. In addition the performance of the fund benefited from the fact that the fund was not invested in the real estate sector. At the individual stock level the highest performance contributions came primarily from the South Korean technology company Samsung SDI (batteries, components for semiconductors and displays), the two US companies Chevron (energy; mainly oil and gas) and Merck & Co (pharmaceuticals/biotechnology), as well as the German motor vehicle manufacturer Dr. Ing. h.c. F. Porsche. F. Porsche. On the other hand the underweighted sectors of retail and industry had a negative impact on the fund's price performance in October. In addition the fund which was not invested in the media sector in October was unable to benefit from the good results. At the individual stock level the two Chinese technology companies Tencent (internet; mainly social media, web portals, e-commerce) and Alibaba (e-commerce) as well as the semiconductor company TSMC from Taiwan performed particularly disappointing. During the month the fund management increased the weighting of the sectors technology, healthcare and financial institutions in particular. On the other hand it reduced the sectors insurance and retail. Regionally the German allocation was reduced. The equity ratio rose to 72.54% at the end of the month (69.55% previous month). The bond quota decreased to 18.18% (19.60% previous month). The gold certificate ratio was 7.81%, down from 8.31%. The cash ratio was 1.47% after 2.54%.