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Overview

Share Class

NAV

Cumulative Performance (%)

Fund Inception 3 July 2018

Daily Monthly Ytd 1Yr 3Yr 5Yr Incept. Incept.Date

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.


Strategy & Manager

Funds Strategy

Alma Platinum Quantica Managed Futures Focus is an open-ended UCITS compliant fund with Quantica Capital AG acting as Investment Manager. The Investment Strategy intends to gain exposure to global exchange-traded futures markets on equity indices, bonds, interest rates and currencies, all in accordance with Quantica’s proprietary systematic investment strategy. It aims to detect and take advantage of medium-term trend-following market inefficiencies in the financial futures markets (excluding commodity markets). It has low long-term correlation to traditional asset classes and offers diversification to both traditional and non-traditional investment portfolios. The Fund is highly style-consistent and follows a robust approach.


Investment Manager

Founded in 2003 by Dr. Bruno Gmür, Quantica Capital AG is a Swiss alternative asset manager specialized in systematic investment strategies.

The Quantica Managed Futures Program (QMF) is managed according to proprietary systematic and quantitative models with a focus on sophisticated data analysis, portfolio construction, execution and risk management techniques.

Quantica’s investment philosophy centers on the conviction that quality risk-adjusted returns can be systematically exploited from liquid markets.

Quantica’s objective is to deliver intelligent portfolio diversification.

Key Persons

Dr Bruno Gmür, Chief Investment Officer

Dr Bruno Gmür is the founder and Chief Investment Officer of Quantica Capital. Previously, he held positions at Swiss Re in financial reinsurance structuring and at Bank Julius Baer, where he was head of the quantitative team in the chief investment office and a voting member of the bank’s strategic asset allocation committee. Before that, he was teaching graduate courses in game theory and financial economics at the University of Zurich.
Bruno holds a Ph.D. in financial economics from the University of Zurich (Dr. oec. publ., “summa cum laude”) and a master degree in mathematics from the Swiss Federal Institute of Technology (ETH Zurich). He is a qualified actuary and full member of the Swiss Association of Actuaries.


Statistics & Commentary

Performance

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Investment Manager's Commentary

as of 28/05/2021

Fund

The Quantica Managed Futures Program returned -3.95% in June 2021, bringing its year-to-date net performance to 0.37%.

The reflationary market environment, which has given rise to multiple strong and continuous trends across asset classes since the end of last year, has – at least temporarily – been challenged during June. Most asset classes reversed from their longer-term trends, which translated into losses for the QMF Program. A sudden strengthening of the US Dollar led to losses in the Program’s FX positions (predominantly from commodity currencies CAD, AUD and NZD) amounting to -182bps. The flattening of the US yield curve led to a negative contribution of -205bps from the QMF Program’s short exposure to government bond futures, stemming predominantly from the long end of the US, EUR and CAD yield curves. The contribution from equities was flat this month.

The weakening trends observed during June led to some significant changes in the portfolio. The Program reduced its net exposure to bond futures from -228% (10-year duration equivalent) at the end of May by almost half to 122%. Long exposures to most FX futures in the portfolio were notably reduced. Indeed, the Program’s net short Dollar exposure was reduced by more than two-thirds from previously 60% to now 18%. Conversely, the reduced risk allocation to bonds and FX, driven by a weakening trend opportunity set, was accompanied by an increased risk allocation to equities (from -5% to 39%, marking a new high for the year), reflective of increased attractiveness of the asset class on a relative risk-adjusted basis.

From a risk attribution perspective, the portfolio is more diversified today than it was a month ago, with a more balanced risk allocation between short fixed income and long equities and FX positions.


Facts & Documents

Facts

Fund Domicile: Luxembourg

Fund Type: UCITS SICAV

Fund Launch: 3 July 2018

Base Currency: USD

Depositary, Administrator, Transfert Agent: RBC Investor Services Bank S.A.

Dealing: Each day with a 1-day notice

Cut-off time: 3 pm CET

Management Company: Alma Capital Investment Management

Investment Manager: Quantica Capital AG

Countries where the fund is registered:
France, Germany, Ireland, Luxembourg, Switzerland, UK

Sustainability-related disclosures:
The information related to the integration of sustainability risks and to the potential adverse sustainability impacts at the sub-fund level can be found in the prospectus of the Fund.

Identifiers:

I1C-U
ISIN: LU1825540146   Ticker: DBQI1CU LX    Launch: 3 Jul 2018

I2C-U
ISIN: LU1825540575   Ticker: DBQI2CU LX    Launch: 12 Jul 2018

I3C-C
ISIN: LU1825540492   Ticker: DBQI3CC LX    Launch: 20 Jul 2018

I4C-U
ISIN: LU1857216391   Ticker: DBQI4CU LX    Launch: 7 Sep 2018

I1C-C
ISIN: LU1825540229   Ticker: DBMFICA LX    Launch: 1 Mar 2021

Documents