Category

Emerging Alpha Eur-Asia

June 2019: Altaica Global Sustainable Long Short Equity: 8.69%

By | Emerging Alpha Eur-Asia

At the end of May we reduced the leverage of the portfolio from 165% back to 139%, this due to the increasing volatility and market risks. However at the start of June markets took again a U-turn move back to the positive sentiment of early 2019. In this way we were able to regain the losses made in May 2019. Moreover we were able to increase our outperformance to almost 9% compared to the Think Sustainable World ETF since inception, meaning for a period of the last 4 months. In the portfolio we added again the Think Sustainable World ETF and the iShares MSCI World SRI ETF. Especially the individual stock selection contributed significantly to the June 2019 performance. We are…

Read More

May 2019: Altaica Global Sustainable Long Short Equity: -8.10%

By | Emerging Alpha Eur-Asia

The markets made a downturn during May 2019, this after two positive months. The president of the USA, Mr Trump was the cause of the misery. He reignited the tensions of the trade war with China and reopened the trade war with Mexico. This in combination with the blacklisting of Huawei, real war tensions with Iran and a more gloomy scenario for BREXIT took away the positive market sentiment. The fund lost 8.10% of its value. This is a 3% more as the Think Sustainability World UCITS ETF, mainly caused by the leverage that we use. At the end of the month we brought down the leverage from about 64.5% to 38.6%. In summary, since the start of the fund…

Read More

April 2019: Altaica Global Sustainable Long Short Equity: 6.70%

By | Emerging Alpha Eur-Asia

After a decent start in March the fund continued to deliver a solid performance with +6.70% during the month of April. Compared with the Think Sustainable World ETF we outperformed with a solid margin of around +2.8% for the month of April. We are confident with the current level of leverage, it was stable during April,  between 65% and 70%. The Q1 corporate result publications dominated the portfolio developments. We didn’t change the portfolio of individual shares, besides some small rebalancing adjustments. We implemented some more diversification in the portfolio by adding an allocation in sustainable equities of the Emerging Markets. We are waiting for the opening of the Japanese equity market to add even some more diversification through an allocation…

Read More

March 2019: Altaica Global Sustainable Long Short Equity: 4.37%

By | Emerging Alpha Eur-Asia

We started Altaica Global Sustainable Long Short Equity Strategy on a relatively low level of leverage. In the first weeks we even didn’t take any leverage. During the month we build up the leverage up to 66%. We were able to make some market timing by increasing the leverage on week market moments. This all together resulted into a gain of more than 4% during March, by this we outperformed our benchmark by about 3%. The top performers in our portfolio were: Accenture (+8.02%), SAP (7.81%) and Lowe (+7.52%). At the other side we had also some positions which performed in a negative way; Applied Materials (-6.40%), Svenska Handelsbanken (-5.33%) and Walt Disney (-2.41%).

Read More

February 2019: Altaica EUR-Asia Emerging Fund: 2.13%

By | Emerging Alpha Eur-Asia

This is the last month of this strategy. Next month we will implement the new strategy. The fund also will be renamed into Altaica Global Sustainable Long/Short Equity. In February China performed extraordinarily with a gain of 19.97%. The Chinese equity market is inspired by the positive developments of the trade negotiations between the US and China. It also looks like the Chinese economy is recovering of the (unreported) recession of 2018. The tensions between India and Pakistan are still influencing the equity market of Pakistan. During February the Pakistan equity position lost 5.5% of its value. In the first week of March we will sell the China and Pakistan positions to build up a total new portfolio.

Read More

January 2019: Altaica EUR-Asia Emerging Fund: 2.07%

By | Emerging Alpha Eur-Asia

After a turbulent last quarter we kept the portfolio in the safety mode. In total the portfolio was able to gain more than 2% during January 2019. Especially Pakistan was performing in an excellent way. The Pakistan tracker gained more than 13%, a remarkable recovery. The Chinese Mid Cap equities did also well but on a more modest pace. The CSI 500 index rose more than 3% during January.  

Read More

November 2018: Altaica EUR-Asia Emerging Fund: 1.09%

By | Emerging Alpha Eur-Asia

November ended in a positive way with a gain of 1.09% for the fund. There was a lot of diversity in the development of the equity markets in Eur-Asia during November 2018. The best performing market was Turkey with a gain of more than 12%. Second best was India, this market won almost 6%. All other markets ended in the red. Our positions in China were loosing about -1.5%. Half of our investments in China were allocated to the CSI500 index. This small cap index performed relatively well with a small gain of 0.1%. The investments in Chinese large cap equities performed considerably less good with a loss of about -3%. Russia, with a monthly result of -0.2% performed slightly negative….

Read More

October 2018: Altaica EUR-Asia Emerging Fund: -4.42%

By | Emerging Alpha Eur-Asia

During October the stock markets suffered from severe losses, also the Emerging Markets. Due to that we cutted down most of our exposure we were able to limit the damage to -4.42%. There were three positions left in our portfolio at the end of the month. The China small cap position was hurted the most, -9.2%. Also Russia was not able to escape from the market correction and lost 2.7%. The surprise came from Turkey. This market was heavily hit during the summer months. It started its recovery one month ago and could also deliver a small positive return during October of 0.34%. We expect to build up positions quickly in November. The sentiment in the Emerging Markets is turning….

Read More

September 2018: Altaica EUR-Asia Emerging Fund: 2.43%

By | Emerging Alpha Eur-Asia

During a couple of disastrous summer months in which the Eur-Asian Emerging Markets suffered severe losses. September gave us hope with good recovery rallies. The portfolio gained 2.43%. The heavily hit Turkish equity market showed an impressive +16%. Second best was Russia with a gain of about 5%. The Russian equity market could benefit from a rising oil price. Next to this the weakening Rouble and so a strengthening of the USD is great for Russian companies who are engaged in commodity markets like oil, steel and wheat.China was also performing well with +2%. Only Eastern Europe lost a bit with -0.2%.We enlarged our Turkish position as well the position in the Chinese equity markets. We are back in Russia…

Read More