Investment Objective
The fund invests in the global fixed income and equity universe, independently of a reference index. Very active, flexible management. Portfolio adjusted in with the latest market expectations, with the risk of loss kept as low as possible. Foreign currencies are largely hedged versus the reference currency. Nevertheless, an active currency strategy is applied.
Latest Meeting Note
Meeting Note 02 Jun 2015
The UBS Dynamic Alpha Strategies (DAS) Fund uses a multi-asset investment approach to exploit opportunities independent of a benchmark. The key philosophy behind the fund is that markets are inherently inefficient, and as such present op...
The UBS Dynamic Alpha Strategies (DAS) Fund uses a multi-asset investment approach to exploit opportunities independent of a benchmark. The key philosophy behind the fund is that markets are inherently inefficient, and as such present opportunities for active investors to exploit. To identify and exploit these opportunities UBS have built an extremely deep and well-resourced team which has been headed up by Andres Koester since 2009. Central to the investment process is deep macroeconomic analysis which is combined with valuation factors and behavioural indicators with the aim of identifying the cyclical and secular themes that drive markets. A fundamental tenet of the strategy is that all risk that is taken must be commensurably rewarded, with portfolio construction ensuring that there is no unintentional doubling up on exposures. The portfolio is typically constructed from 20-25 high conviction trades, with the portfolio constantly reviewed and adjusted to reflect the team’s latest market expectations.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.5 | 0.3 | 0.9 | 0.1 | 0.1 | 0.5 | 0.5 | 0.4 | 0.6 | 0.7 | 0.7 | 0.0 | 0.3 | |
| 2022 | 0.2 | 0.5 | 0.1 | 0.6 | 0.6 | 0.4 | 0.8 | 0.2 | 0.4 | 0.1 | 0.9 | 0.7 | 0.2 |
