AS Swiss Equity Fund – AS Swiss Equity Long/Short is a long-term Swiss equity fund with an equity hedge strategy. Net market exposure can range from -100% to 200%. Short selling is done on the SMI Index (Swiss Market Index) or on SMI and SMIM (SMI Mid-Caps) stocks only. Cash can be high to preserve capital. The objective of the fund is to achieve a steady positive return on capital, with a minimum risk of loss (maximum drawdown). The volatility of the fund is expected to approach 5%. Active portfolio management is based on alpha generation. The liquidity of the fund is weekly.
A convincing performance:With a 10-year history, the fund outperformed its benchmark index and never had a negative gross annual return.
Performance since launch-normalized vs. HFRX Equity Hedge Index USD and in CHF (calculated by ASIM) and 3-month Libor (CHF)
The fund has a low level of volatility and historical maximum loss. The fund is regulated by FINMA and collaborates with renowned institutions such as its fund administrator, custodian bank and auditor.
Active Management: Active portfolio management based on alpha generation. Regular return on capital with minimized risk of depreciation.
Clear and transparent strategy: Net exposure to the market -100% -200%. Short sales are made on SMI and SMIM securities as well as on the SMI index.
Risk Reduction: Managers invest in money market instruments and / or options for capital protection purposes.
Long stocks: The fund invests in companies offering steady capital growth over the medium term. The choice of securities stems from a primary fundamental analysis.
Short stocks: The fund sells short securities of companies whose growth or valuation is at risk. The choice of securities stems from a primary fundamental analysis.