prudent growth fund
performance

Eonia + 600
volatility

5-10%
Portfolio Composition

Global Hedged
Investment Style

Equity Growth Hedged
“High growth with controlled volatility”
Investment philosophy
The Prudent Growth Strategy is a growth stock portfolio, moderate volatility and an absolute performance objective of Eonia + 500 basis points.
The porfolio consists of between 25 and 35 stocks (+50% USA – Rest European Union and China). Each group of actions is hedged with representative futures indices of the region in which the companies are domiciled.
The strategy Growth bases its performance in companies which grow or will grow more than the average. By their differentiation in production processes, technology innovation, product design and a better adaptation to client needs have a real competitive advantage to maintain margins and increase benefits for the investor more than the rest of the market.
We believe a safer investment in a business with good perspectives and growth contrasted rather than searching company bargains which are suffering problems. Security brings investment and growth provides a security margin which enables maintaining investments during long periods. This philosophy enables to reduce too much portfolio rotation saving brokerage costs and reducing disinvestment periods, which ballast the global performance of the portfolio significantly in the long term.
In this portfolio, apart from growth, we search a high volatility control. We study portfolio beta with respect to market reference and we reduce it through indices futures. The superior growth of our stocks let us assume coverage costs during bullish periods and widely outperform the market during bearish periods.
The result is an investment experience much more relaxed than the traditional stock market with a superior performance in the long term.
PERFORMANCE

Investment vehicle
Sigma Fund is a Luxembourg registered Sicav which was set up in April 1995. It is registered in the list established in article 72 (1) of the Luxembourg Law dated 30th of March 1998 concerning collective investment institutions and is submitted to the second part of the aforementioned law.
Sigma Fund Sicav operates as an umbrella structure comprising different compartments with a different portfolio composition each.
- Investment Manager: Altex Partners Gestión, SGIIC, SAU
- Custodian: Quintet Private Bank
- Administrator: European Fund Administration
- Auditor: KPMG
- Daily Liquidity
- Trades in : Luxemburgo
Investor Documents

- Performance
Eonia + 400 basis points - Volatility
4-6% - Portfolio Composition
Multiactive (stocks, bonds, forex, derivatives, funds,ETFs) - Investment Style
Global, Multistrategy, Flexible. - Sensibility to market
Medium. Maximize stability. - Risk profile
Moderate

- Performance
Eonia + 600 basis points - Volatility
5-10% - Portfolio Composition
Multiactive (stocks, bonds, forex, derivatives) - Investment style
Global, Growth. Equity growth hedged between 30% and 100% - Sensibility to market
Medium. Maximize alpha capture versus market beta. - Risk profile
Moderate

- Performance
Long-term capital appreciation - Volatility
+ 10% - Portfolio Composition
Stocks - Investment style
Global, Growth, Unhedge - Sensibility to market
High. Maximizes long term growth. - Risk profile
Very Tolerant

- Performance
Eonia + 400 basis points - Volatility
4-6% - Portfolio Composition
Multiactive (stocks, bonds, forex, derivatives, funds,ETFs) - Investment Style
Global, Multistrategy, Flexible. - Sensibility to market
Moderate. Maximize stability. - Risk profile
Moderate

- Performance
Eonia + 600 basis points - Volatility
5-10% - Portfolio Composition
Multiactive (stocks, bonds, forex, derivatives) - Sensibility to market
- Global, Growth. Equity growth hedged between 30% and 100%
- Sensibility to market
- Low. Maximize alpha capture versus market beta.
- Risk profile
Tolerant

- Performance
Long-term capital appreciation - Volatility
+ 10% - Portfolio Composition
Stocks - Investment style
Global, Growth, Unhedge - Sensibility to market
High. Maximizes long term growth. - Risk profile
Very Tolerant
C/ María de Molina 5
28006 – Madrid – Spain
Email: info@altexpartners.com
Telf: 00 34 91 383 61 30
Fax: 00 34 91 302 70 17
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