Equities benchmark-oriented
Investment objective:
outperformance of a defined equities benchmark by 1.5% - 2.5%
p.a. with a tracking error of 2% - 3% p.a.
Investment concept:
quantitative risk and performance forecasts focusing on single issues. Portfolio construction relative to an equities benchmark.
Typical benchmarks:
MSCI Europe, DJ STOXX 600, DJ EURO STOXX, MSCI World, MSCI Emerging Markets.
Investment universe: approx. 2,500 companies across Europe, more than 10,000
globally.
Typical number of issues in the portfolio:
broadly diversified, approx. 200 across Europe, more than 500 single issues globally.
Institutional mutual fund for this strategy:
UniConClusio: EuropeanEquities-Invest - I (ISIN: LU0136664744)
Equities Minimum-Variance
Investment objective:
active investment in regional or global issues whilst minimising portfolio volatility.
Investment concept:
quantitative risk and performance forecasts focusing on single issues. Benchmark-independent portfolio construction, based on the minimum-variance principle incorporating issue-specific performance forecasts (active 'minimum-variance' principle).
Typical benchmark indices:
MSCI Europe, MSCI World, MSCI Emerging Markets.
Investment universe:
approx. 2,500 companies across Europe, more than 10,000 globally.
Typical number of issues in the portfolio:
broadly diversified, approx. 150 across Europe, more than 200 single issues globally.
Institutional mutual fund for this strategy:
UniInstitutional European MinRisk Equities (Europa, ISIN: DE0009750554)
Quoniam Funds Selection SICAV - Global Equities MinRisk (ISIN: LU0489951797)
Quoniam Funds Selection SICAV - Emerging Markets Equities MinRisk (ISIN: LU0489951870)
Fixed income benchmark-oriented
Investment objective:
outperformance of the benchmark with a targeted information ratio of up to one, depending on investment restrictions, thus aiming to generate excess returns of +1 % p.a. per 1 % tracking error.
Investment concept:
quantitative risk and performance forecasts focusing on single issuers. Active interest rate or duration management as an overlay strategy, based on forecasts for multiple global yield curves. Depending on the benchmark and investment guidelines, the focus is concentrated more heavily on interest rate or issuer management.
Typical benchmarks:
government bond, corporate bond or aggregate indices from iBoxx, Barclays Capital, JP Morgan or Merrill Lynch with any given regional focus, e.g. iBoxx Euro Corporate, Merrill Lynch Euro Corporate, Barclays Capital Euro Aggregate Corporate, JPM EMU Sovereign, iBoxx Euro Covered Germany, Barclays Capital Global Aggregate Corporates.
Investment universe:
government bonds, corporate bonds, covered bonds, certificates of deposit, credit default swaps, as well as interest rate and fixed-income futures – covering a total of approx. 3,000 euro-denominated bonds, and more than 22,000 global bonds.
Typical number of issues in the portfolio:
more than 50 for government bonds or Pfandbrief mandates, more than 100 for corporate and aggregate mandates.
Institutional mutual fund for this strategy:
Quoniam Funds Selection SICAV - Euro Fixed Income Credit (ISIN: LU0374936515)
Fixed Income total return
Investment objective:
generate ongoing positive returns with the greatest possible consistency at below-average volatility.
Investment concept:
quantitative risk and performance forecasts, focusing on single issuers. Active interest rate or duration management as an overlay strategy based on forecasts for multiple global yield curves. Depending on the risk and return profile, the focus is concentrated more heavily on interest rate or issuer management.
Benchmark:
no benchmark, due to total return orientation.
Investment universe:
government bonds, corporate bonds, covered bonds, certificates of deposit, credit default swaps, as well as interest rate and fixed-income futures, covering a total of approx. 3,000 euro-denominated bonds.
Typical number of issues in the portfolio:
more than 50 mandates focusing on interest rate management, more than 100 for mandates focusing on issuer management.
Institutional mutual fund for this strategy:
Quoniam Funds Selection SICAV - Euro Fixed Income Credit Libor (ISIN: LU0374936606)
Quoniam Funds Selection SICAV - Euro Fixed Income MinRisk (ISIN: LU0489951441)
UniInstitutional AAA Bond Strategy (ISIN: LU0158214006)
Multi-Asset balanced
Investment objective:
outperformance of a mixed equities and fixed income benchmark, in conjunction with a risk profile selected by the investor. The goal is to achieve an information ratio of up to one, depending on investment restrictions, thus aiming to generate excess returns of +1 % p.a. per 1% tracking error.
Investment concept:
basic investment (in accordance with the targeted average allocation to bond and equities markets) plus an optional tactical allocation (TAA) between these asset classes.
Typical benchmark:
combination of common equity and bond market indices, e.g.
70 % JPM EMU Sovereign Germany/30 % MSCI Europe.
Investment universe:
equities and bonds according to the benchmark universe, as well as equity index and fixed-income futures.
Multi-Asset total return
Investment objective:
to achieve ongoing positive returns, with the greatest possible consistency at below-average volatility, and low total market risk (beta).
Investment concept:
take advantage of concurrent performance differences in various asset classes through active allocation management in global equities, bond, and interest rate derivatives markets. Investment decisions are based upon more than ten independent forecasting models that predict the relative attractiveness of the markets to each other. The modules receive uniform risk budgets to ensure that performance contributions are evenly distributed.
Benchmark:
no benchmark, due to total return orientation.
Investment universe:
liquid global equities and bond market futures; basic investment in first-class deposits or top-rated bonds.
Institutional mutual fund for this strategy:
Quoniam Funds Selection SICAV - Global TAA Total Return (ISIN: LU0377211155)