Minerva Investment Management Society

Fund Update · Multi Asset Global Opportunities Fund

Multi Asset Global Opportunities Fund - May 2024

· Portfolio Management · Multi Asset Global Opportunities Fund

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Summary

The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread across geographies, industries, and asset classes, and is built through stock picking, based on fundamental analysis and macroeconomic views.

Last semester the fund achieved a positive performance (+1.91%), mainly driven by the equity allocation of the portfolio, thanks to the effective cherry-picking and positive momentum of mega-trends impacting equity valuations. This semester, considering the increased complexity of the macro scenario – such as the uncertainty on geopolitical conflicts, the diverging inflation paths in developed economies, and the structural changes in major economies – we hold our view for a conservative approach, yet articulating calculated views on tail risks and on industry-specific disruptions.

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Details

Published
24 May 2024
Division
Portfolio Management
Fund
Multi Asset Global Opportunities Fund
Type
Fund Update
Pages
14
Authors
8

Cite this report

Minerva Investment Management Society (2024). Multi Asset Global Opportunities Fund - May 2024. Portfolio Management. https://minervaims.org/archive/multi-asset-global-opportunities-fund-may-2024

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