The Flossbach von Storch - Foundation Defensive Sub-Fund offers professional asset management to foundations and other sustainability-oriented investors. The defensive multi-asset strategy is designed to generate a reasonable increase in value while preserving the substance of the assets over the medium term. The fund management invests globally in equities (maximum 35 per cent), bonds, convertible bonds, currencies, gold (indirectly) and investment funds according to the principle of risk diversification. Derivatives may be used to hedge or optimise returns. The selection of individual securities is based on in-house valuation models that also include ESG issues. In addition, exclusion criteria are taken into account that are based on a broad consensus of values. For example, the fund management refrains from investing in companies that are associated with the production and distribution of controversial weapons, or that generate significant revenues from military weapons, thermal coal, tobacco, alcohol and gambling. Also excluded are companies that seriously violate the principles of the UN Global Compact initiative ‒ these include human rights, labour standards, environmental protection, and anti-corruption. When selecting government bonds, no issuers are considered that are classified as "not free" by Freedom House. The Sub-Fund is actively managed and not benchmarked against an index.
|Authorised for distribution:||AT, CH, DE, LI, LU|
|Fund type / legal structure:||UCITS / FCP|
|Share class currency:||CHF|
|Launch date:||5 January 2021|
|Financial year end:||30 September|
|Management company:||Flossbach von Storch Invest S.A.|
|Custodian bank / Paying agent:||DZ PRIVATBANK S.A.|
|Manager:||Flossbach von Storch AG|
|Data from:||5 March 2021|
|Fund assets**:||722,624,399.19 CHF|
|Redemption price:||97.77 CHF|
|Issue price*:||100.70 CHF|
|which includes a management fee of:||1.56%|
|Issue surcharge:||up to 3.00%|
* incl. max. issue surcharge 3.00%
** Conversion into the share class currency is based on the exchange rate on the day.
Source: Custodian bank / Paying agent
In accordance with regulatory requirements, we are not permitted to provide performance figures for this fund, as it has been active for less than a year.
|As at||Share class currency||Issue price||Redemption price||NAV|