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 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. |
Risk notice regarding an error in the calculation of the net asset value, in the event of violations of the applicable investment regulations and other errors The process of calculating the net asset value (“NAV”) of a fund is not an exact science and the result of this calculation can therefore only represent the greatest possible approximation to the actual total value of the Fund. Accordingly, despite the greatest possible care, it cannot be ruled out that inaccuracies or errors occur in the calculation of the NAV. Should an inaccuracy and/or an error in the calculation of the NAV cause damage to the final beneficiary investors (“end investors”), this shall be replaced in accordance with the provisions of CSSF Circular 24/856. In the event that shares have been subscribed through a financial intermediary (e.g. credit institutions or asset managers), the rights of end investors in relation to compensation payments may be affected. For end investors who subscribe to (sub-)fund shares through financial intermediaries, there is therefore the risk in the event of an incorrect calculation of the NAV in the above-mentioned sense of not receiving compensation. The end investors shall always be compensated for an error in the NAV calculation, in the event of violations of the applicable investment regulations and other errors in accordance with the provisions of CSSF Circular 24/856. With regard to end investors who no longer hold shares in the (sub-)fund, but who are entitled to compensation and are no longer to be determined, the compensation shall be deposited with the Caisse de consignation of the Luxembourg Financial Administration. An incorrect calculation of the NAV or other errors may also be made in favour of the end investors and at the expense of the Fund/sub-funds. In this case, it is at the discretion of the Management Company or the Investment Company to demand compensation from the end investors on behalf of the Fund/Investment Company, provided that the end investors are knowledgeable or professional investors. This is a marketing communication. It is for information purposes only and provides the addressee with guidance on our products, concepts and ideas. This does not form the basis for any purchase, sale, hedging, transfer or mortgaging of assets. None of the information contained herein constitutes an offer to buy or sell any financial instrument nor is it based on a consideration of the personal circumstances of the addressee. It is also not the result of an objective or independent analysis. ETHENEA makes no express or implied warranty or representation as to the accuracy, completeness, suitability, or marketability of any information provided to the addressee in webinars, podcasts or newsletters. The addressee acknowledges that our products and concepts may be intended for different categories of investors. The criteria are based exclusively on the currently valid sales prospectus. This marketing communication is not intended for a specific group of addressees. Each addressee must therefore inform themselves individually and under their own responsibility about the relevant provisions of the currently valid sales documents, on the basis of which the purchase of shares is exclusively based. Neither the content provided nor our marketing communications constitute binding promises or guarantees of future results. No advisory relationship is established either by reading or listening to the content. All contents are for information purposes only and cannot replace professional and individual investment advice. The addressee has requested the newsletter, has registered for a webinar or podcast, or uses other digital marketing media on their own initiative and at their own risk. The addressee and participant accept that digital marketing formats are technically produced and made available to the participant by an external information provider that has no relationship with ETHENEA. Access to and participation in digital marketing formats takes place via internet-based infrastructures. ETHENEA accepts no liability for any interruptions, cancellations, disruptions, suspensions, non-fulfilment, or delays related to the provision of the digital marketing formats. The participant acknowledges and accepts that when participating in digital marketing formats, personal data can be viewed, recorded, and transmitted by the information provider. ETHENEA is not liable for any breaches of data protection obligations by the information provider. Digital marketing formats may only be accessed and visited in countries in which their distribution and access is permitted by law. For detailed information on the opportunities and risks associated with our products, please refer to the current sales prospectus. 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. The paying or information agents for HESPER FUND, SICAV - Global Solutions are the following: Austria, Belgium, France, Germany, Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg; Italy: Allfunds Bank S.A.U – Succursale di Milano, Via Bocchetto 6, IT-20123 Milano; Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, Postfach, CH-8022 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich. The investment company may terminate existing distribution agreements with third parties or withdraw distribution licences for strategic or statutory reasons, subject to compliance with any deadlines. Investors can obtain information about their rights from the website www.ethenea.com and from the sales prospectus. The information is available in both German and English, as well as in other languages in individual cases. Explicit reference is made to the detailed risk descriptions in the sales prospectus. 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