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Costs, One Fee, Consolidation and Management of Accounts...

Our Performance

Team of seasoned analysts and managers, Philosophy of absolute return, Open architecture...

CONSTANCE Alt. Options

- Fund name :
  La Financière Constance SICAV
- Compartment name :
  Alternative Options
- Classification :
  Option Fund
- Legal structure :
  Luxembourg SICAV (UCITS IV)
- Currency :
  EUR
- NAV frequency :
  Daily
- Dealing frequency :
  Daily
- Cut-off :
  10.00 (CET) day D for subscription D+1 NAV
- Settlement :
  4 working days max.
- Distribution policy :
  Capitalization
- Management fee :
  AEUR : 1%
  ACHF : 1%
  BEUR : 1.25%
  BUSD : 1.25%
  IEUR : 0.85%
  IUSD : 0.85%
- Performance fee :
  AEUR: 10% With High Watermark
  ACHF : 10% With High Watermark
  BEUR : 10% With High Watermark
  BUSD : 10% With High Watermark
  IEUR : 10% With High Watermark
  IUSD : 10% With High Watermark
- Inception Date :
  18/03/2016
- Custodian :
  Société Générale Bank and Trust
- ISIN :
  AEUR : LU1303798349
  ACHF : LU1398025194
  BEUR : LU1492751000 
  BUSD : LU1559527848 
  IEUR : LU1492751695 
  IUSD : LU1559528143 
- Bloomberg :
  AEUR : LFCALOP LX
  ACHF : LFCAACH LX
  BEUR : LFCALOB LX 
  BUSD : -
  IEUR : LFCALOI LX 
  IUSD : LFCAOIU LX
- Asset manager :
  La Financière Constance INC.
- Fund manager :
  Olivier Armangau
- NAV publication :
  Website, Bloomberg
- Website :
  www.purecapital.eu
- Date : 
  18/10/2017
- NAV : 
  AEUR : EUR
  ACHF : CHF
  BEUR : EUR
  BUSD : USD
  IEUR : EUR
  IUSD : USD

Keeping its philosophy intact, Pure Capital gives access to its strategies through UCITS IV Luxembourg

 

Objective and investment policy

The investment objective of the Sub-Fund is to achieve an absolute return performance by investing in listed index options through options strategies (primarily deriving from the Eurostoxx50 index but rarely from other world indices), in proportion that may help achieve a truly market neutral strategy and a very low volatility for the sub-fund.

The investment policy includes the principles of increased risk diversification, an advanced portfolio construction process as well as a high level of flexibility and reactivity of investment decisions. Constance Alternative Options is a fund composed mainly of treasury investments on the one hand and listed Eurostoxx 50 option strategies on the other hand.

Investor profile

The SICAV is aimed to any investor willing to benefit of the opportunities offered by the option markets while placing capital protection on top of their investment decision process.

The investor should be looking at a medium term investment horizon (3-5 years).

The annual return objective under such period is 3 to 4% for a volatility of 2 to 5%.

Financial instruments and intrinsic limits

The Stratégie sub-fund for La Financière Constance SICAV is exposed to :

  • Bonds and debt instruments : No restrictions in terms of weight nor at the level of the choice of the instruments. The sub-fund may invest into short term securities with fixed or floating rate, as well as any treasury bills or treasury instrument, mainly to support its investments into options and possible margin calls around those investments.
  • Commodities no exposition of the NAV to eligible investments exposed to commodities markets ;
  • Currencies : exceptionally an exposition to different currencies may occur for hedging purposes mainly ;
  • Derivatives : the sub-fund may invest into derivative instruments such as listed options. The exposition will in any case be limited to a maximum 100% commitment of the NAV ;
  • The sub-fund may invest up to 10% of its NAV into units or shares of other UCITS and eligible funds.

·         The sub-fund may invest up to 10% of its NAV into units or shares of other UCITS and eligible funds.