Real return strategy

performance

Eonia + 400

volatility

4-6%

Portfolio Composition

Global, Multiactive

Investment style

Multistrategy

“15 years of absolute performance with low volatility"

Investment Philosophy

The Real Return Strategy is a defensive, global and multistrategy portfolio with an absolute performance objective of Eonia + 400 basis points.

Combines traditional assets such as stocks, bonds and currencies with an active hedge management to reduce market risk, preserve capital and offer liquidity to investors in any market scenario.

The investment philosophy is based on a global and pragmatic interpretation of the financial markets. History shows that there is not any asset, market or economy in isolation can offer an stable profile of risk-return over time. An attractive and sustainable return with moderate volatility on liquid assets can just be achieved through a real diversification and risk dynamic control management.

The main stocks strategy in this portfolio is Quality Alpha, a concentrated stock selection with potential growth and solid fundamentals.

Combines two investment processes as a result of years of internal investigation:

  1.  A stock selection process based on fundamentals factors analysis with 5 stages (Fundamentals growth, Barriers of Entry, Financial Consistency, Valuation and Momentum)
  2.  A global dynamic risk control layer to reduce portfolio´s sensitivity to market moves. The strategy Real Return seeks to obtain an attractive return in the long run from sources of real growth without asset, regional or sectorial restrictions.

PERFORMANCE

REAL RETURN STRATEGY

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

Prudent Growth ESTRATEGY

  • Performance
    Eonia + 500 basis points
  • Volatility
    5-10%
  • Portfolio Composition
    Multiactive (stocks, bonds, forex, derivatives)
  • Investment style
  • Developed markets, Growth. Equity hedged between 50% and 80%.
  • Sensibility to market
  • Low. Maximize alpha capture versus market beta.
  • Risk profile
    Tolerant
  •  

Quality Stocks STRATEGY

  • Performance
    Eonia + 600 basis points
  • 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, Stable. Prevail hedged strategies and volatility control.
  • Sensibility to market
    Moderate. Maximize stability.
  • Risk profile
    Moderate
  • Performance
    Eonia + 500 basis points
  • Volatility
    5-10%
  • Portfolio Composition
    Multiactive (stocks, bonds, forex, derivatives)
  • Investment style
  • Developed markets, Growth. Equity hedged between 50% and 80%.
  • Sensibility to market
  • Low. Maximize alpha capture versus market beta.
  • Risk profile
    Tolerant
  •  
  • Performance
    Eonia + 600 basis points
  • 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: altex@altexpartners.com
Telf: 00 34 91 383 61 30
Fax: 00 34 91 302 70 17

Customer service hours:
Morning: De 9:00 a 14:00
Afternoon: De 16:00 a 19:00

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