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Tungsten SHY Synthetic High Yield UI - AK S

Ranked 28 out of 87 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Lutz Klaus

Lutz Klaus is a fund manager, partner and executive director at Tungsten Capital Management GmbH, where he moved from Mayfair Asset Management. He started his career in the asset management department of Cologne-based private bank Sal. Oppenheim, subsequently leaving for the multi-billion Euro Degussa Pension Fund where he became CIO. His investment style is a combination of modern portfolio construction theory paired with derivative overlay strategies. Klaus holds a degree as “Diplom Ökonom” from the University of Giessen and is a CFA Charterholder.

Objective

The fund invests in different fixed assets. The aim is to replicate the risk profile of high yield portfolios (= portfolios of bonds with high coupon rate, but high credit risk) using equity derivatives. The aim is to achieve a better risk-return ratio to traditional high-yield portfolios, particularly in phases of extreme market disparities in combination with considerable potential risk potential and a more favorable liquidity structure.

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Performance

Bond Strategies over : 31/01/2017 - 31/01/2018
  • Rank 28/87 Total Return
  • Rank 75/87 Standard Deviation
  • Rank 76/87 Max Drawdown
Fund Name Currency Return
27 La Francaise Multistrategies Obligataires I

Currency exposure is hedged

Currency exposure is hedged

EUR

2.8%

28 Tungsten SHY Synthetic High Yield UI - AK S EUR

2.7%

29 XAIA Credit Curve Carry (I) EUR EUR

2.6%

30 (LF) Absolute Return Eurobank I EUR

2.5%

Fund Name Currency Risk
73 Emirates Em Market Corp Bond Abs. Return A EUR C EUR

2.6

74 Goldman Sachs Glo Strat Macro Bond Pf E Acc EUR-H

Currency exposure is hedged

Currency exposure is hedged

EUR

2.7

75 Tungsten SHY Synthetic High Yield UI - AK S EUR

3.3

76 Legg Mason WA Macro Opportunities Bd S EUR Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

EUR

3.3

77 Insight Total Return Bond S Euro Dis EUR

3.8

Fund Name Currency Loss
75 Swiss Life Funds (LUX) Multi Asset Dynamic (EUR) R EUR

-2.8%

76 Tungsten SHY Synthetic High Yield UI - AK S EUR

-2.8%

77 Goldman Sachs Glo Strat Macro Bond Pf E Acc EUR-H

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.1%

78 Janus Henderson Credit Alpha Y Acc EUR Hedged

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.2%

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 4.7% 1.9% 0.9% 3.0% -1.1%
2016 8.0% -0.4% 3.2% 3.3% 1.9%
2015 -2.2% -6.4% 4.6%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Germany

Fund Info

  • Launch date30/03/2015
  • Share Class size11Mn
  • Base currencyEUR
  • ISIN DE000A12BTA8

Purchase Info

  • Min. initial investment5Mn
  • Min. regular additional investment0

Charges

  • Annual management0.21%
  • Initial investment0.21

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).