SMN Diversified Futures Fund
The smn Diversified Futures Fund is a globally investing managed futures fund. Launched in November 1996, the fund boasts a very long track record. Its investment universe currently includes over 200 markets across sectors such as currencies, interest rates, equity indices, agricultural commodities, energy, livestock, soft commodities, and synthetic markets (combinations of various market instruments).
Trading is conducted through exchange-traded futures contracts and OTC instruments (in selected currency markets due to higher liquidity). All trading activities are automated according to predefined rules of the trading systems without interventions by portfolio management. The disciplined implementation of the strategy is a significant strength of this approach.
Risk management holds a high priority in the development of a trading system. All trading rules are designed to maintain individual market and overall portfolio risks within strictly defined ranges. The fund aims to achieve equity-like returns with minimal correlation to financial markets and an attractive risk/return ratio. The smn Diversified Futures Fund is a valuable addition to any portfolio.
INVESTMENT STRATEGY
The term "Managed Futures" refers to an asset class commonly associated with hedge funds. The investment strategy is based on a systematic quantitative trading approach using exchange-traded derivatives. Managers of managed futures funds are also known as "Commodity Trading Advisors - CTA", a designation derived from the early focus on trading commodity futures contracts. Since futures contracts can be both bought and sold ("short selling"), managed futures strategies can generate profits in both rising and falling markets.
The diversity of the traded markets enhances diversification and provides access to markets that are typically not included in a traditional investment portfolio.
All trading models employed by smn are based on medium- to long-term trend following. These models aim to identify trends in various markets using independent quantitative systems and translate them into profitable trades. Central to this approach is risk management, with the goal of achieving an optimal balance between return and risk.
Performance
FUND FACTS
| Legal form: | SICAV, Luxembourg |
|---|---|
| Custodian: | CACEIS Bank, Luxembourg Branch |
| Investment manager: | SMN Investment Services GmbH (AIFM) |
| Clearing Broker: | Societe Generale International Limited (UK) Morgan Stanley & Co. International PLC |
| auditor: | Deloitte S.A., Luxembourg |
| Local tax representation: | Austria, Germany |
| Swiss paying agent: | CACEIS Bank, Luxembourg Branch |
| ISIN: | Share Category "1996": LU0070804173 Share Category "i14": LU1132156156 |
| Bloomberg TICKER: | Share Category "1996": SMNDIVF LX Equity Share Category "i14": SMNDI14 LX Equity |
| SUBSCRIPTION and REDEMPTION: | each Friday (has to be a banking day in Luxembourg) and every last banking day of month; notice 3 days |
| MINIMUM INVESTEMENT | Share Category "1996": EUR 100.- Share Category "i14": EUR 250'000.- |
| RECOM. HOLDING PERIOD: | Min. 5 years |