Ethna-DYNAMISCH
Out of 3 170 „EUR Moderate Allocation – Global“ funds as of 30.06.2024.
Based on 99.91% eligible corporate AUM and – of eligible sovereign AUM. Data is based on long positions only.
Fund profile
The Ethna-DYNAMISCH is an actively managed, equity-focused multi-asset fund offering risk-controlled access to global equity markets. The most offensive of the Ethna Funds, the Ethna-DYNAMISCH has a net equity allocation that can vary between 0% and 100%. The main performance driver of the fund is an equity portfolio consisting of around 30 – 40 single stocks.
The Ethna-DYNAMISCH uses a fundamental approach to stock picking to generate alpha. The experienced Portfolio Managers not only evaluate the key factors influencing the further development of the equity markets (top-down approach), but also determine the attractiveness of single stocks based on the valuation of the company, the quality of its business model, and the strength of its balance sheet (bottom-up approach).
The Ethna-DYNAMISCH does not follow any benchmarks
In addition to its equity portfolio, the fund can be further diversified through bonds, cash and gold. Potential risks are managed through active asset allocation, rigorous stock selection, and derivatives. All of this, and the fact that the Ethna-DYNAMISCH does not follow any benchmarks, ensures that the fund can flexibly respond to any market environment.
The Ethna-DYNAMISCH for experienced investors and newcomers
With the aims of growing capital over a medium to long-term (3 – 5+ year) investment horizon and earning similar long-term returns to the global equity markets, the Ethna-DYNAMISCH is suitable for both experienced investors and newcomers who consciously accept the increased fluctuations in value on the global stock markets in favour of a higher return potential.
Ethna-DYNAMISCH: the flexible multi-asset fund with an equity focus
Equities are the asset class with the highest returns over the long term, which makes them make attractive. However, they are also the asset class with the most pronounced price fluctuations. In our video, discover how the Ethna-DYNAMISCH offers investors risk-controlled access to the equity markets and, as a result, an attractive return with limited risk.
Portfolio Manager
ESG
ESG – taking environmental, social and governance criteria into account
Our aim is to offer clients responsible investment solutions with a competitive and sustainable return, as reflected in our investment guidelines and processes. The Ethna-DYNAMISCH pursues an ESG strategy that complies with Article 8 of the EU’s Sustainable Finance Disclosure Regulation (2019/2088). In its bond and equity investments, the fund therefore gives preference to companies that have low exposure in terms of significant ESG risks, as well as companies that actively manage and thus reduce the ESG risks inevitably associated with their business activities. In addition, the sustainability approach taken by the Ethna-DYNAMISCH is underscored by comprehensive exclusions:
- Investments in companies with a core activity in armaments, tobacco, pornography, speculation in basic foodstuffs and/or the mining/distribution of coal are prohibited.
- Furthermore, we do not invest in companies that have been found to be in serious breach of the principles of the UN Global Compact and have no convincing plan in place to remedy the situation.
- In the case of sovereign issuers, we exclude investments in countries that have been designated as “Not Free” in the annual analysis carried out by Freedom House.
Opportunities & Risks
All financial investments are associated with opportunities and risks. Below you will find a compact overview of the opportunities and risks of the Ethna-DYNAMISCH:
Opportunities
- A professional Portfolio Management team with many years’ experience.
- Participation in positive performance on equity and bond markets.
- Reduction in value fluctuations due to combination of multiple asset classes and spread of invested capital across a variety of individual securities (diversification).
- Active risk management and hedging measures with the aim of minimising marketled falls in value.
- High degree of flexibility permits rapid adaptation to changing conditions.
Risks
- Market, sector, and company-related price losses in the fund’s equity and bond investments; also as a result of a general rise in yields and/or increase in yield premiums for specific bond issuers.
- General, geographical and geopolitical country risks: these include the risk that an issuer of a bond, despite being solvent, cannot fulfil its obligations due to an inability or unwillingness
on the part of a particular country to transfer funds to another country. - Issuer, counterparty credit and default risk due to investing in bonds, equities and hedging trades: this includes the risk of insolvency due to issuer or counterparty debt overload or
illiquidity. A total loss of the affected investment instrument is possible. - Exchange rate risks through investing in foreign currencies or in equities and bonds denominated in a foreign currency.
- The investor suffers a loss if they sell the fund units at less than the acquisition price.
For detailed information on the opportunities and risks of investing in the fund, please refer to the sales prospectus.
The Ethna-DYNAMISCH is an actively managed, equity focused multi-asset fund offering risk-controlled access to global equity markets. This makes it the most offensive of the three Ethna Funds.
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Applies, among others, to the share class Ethna-DYNAMISCH (A). |
Out of 5 395 Moderate Allocation funds as of 30.04.2022. |
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The statutory sales documents (sales prospectus, key information documents (PRIIPs-KIDs), semi-annual and annual reports), which provide detailed information on the purchase of units and the associated risks, form the sole authoritative and binding basis for the purchase of units. The aforementioned sales documents in German (as well as in unofficial translations in other languages) can be found at www.ethenea.com and are available free of charge from the investment company ETHENEA Independent Investors S.A. and the custodian bank, as well as from the respective national paying or information agents and from the representative in Switzerland. The paying or information agents for the funds Ethna-AKTIV, Ethna-DEFENSIV and Ethna-DYNAMISCH are the following: Austria, Belgium, Germany, Liechtenstein, Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg; France: CACEIS Bank France, 1-3 place Valhubert, F-75013 Paris; Italy: State Street Bank International – Succursale Italia, Via Ferrante Aporti, 10, IT-20125 Milano; Société Génerale Securities Services, Via Benigno Crespi, 19/A - MAC 2, IT-20123 Milano; Banca Sella Holding S.p.A., Piazza Gaudenzio Sella 1, IT-13900 Biella; Allfunds Bank S.A.U – Succursale di Milano, Via Bocchetto 6, IT-20123 Milano; Spain: ALLFUNDS BANK, S.A., C/ Estafeta, 6 (la Moraleja), Edificio 3 – Complejo Plaza de la Fuente, ES-28109 Alcobendas (Madrid); Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, Postfach, CH-8022 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich. 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