public, open end, equitiy fund
Inception:
23.12.2011. | Bloomberg: OTPINEQ HB Equity | Benchmark: 95%
MSCI World (Net Dividend) + 5% ZMAX
The components of the benchmark are converted into the currency of the series at the MNB's middle exchange rate of the current
banking day.
Investment policy, about the portfolio
The
Fund aims to identify and invest in the most popular stocks in the US and
Western European capital markets. In most cases, there are fundamental reasons
for a company to become popular among customers and investors. Appealing
company fundamentals combined with the herding behaviour of investors can
create an above-average performance on stock markets in good times. There is no
free lunch however: in case of the inevitable risk-off periods, glamour stocks
tend to suffer above-average losses. The fund manager seeks to mitigate those
tail-risk periods by analysing the trend of the broader market: if the
established up-trend is violated he increases the cash allocation of the Fund.
The equity allocation of the Fund is between 0-100% and the average allocation
over a typical 3-5 year market cycle is roughly 75%.
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