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ETF-based mutual fund launched in Europe


Adepa Asset Management has launched Global ETF Fund (Euro), an independent mutual fund in Europe that exclusively invests in exchange-traded funds.

Adepa Asset Management has launched Global ETF Fund (Euro), an independent mutual fund in Europe that exclusively invests in exchange-traded funds.

The fund follows a global tactical asset allocation investment approach, with the aim of providing positive and stable returns over the medium term (three to five years) via tactical asset allocation.
The investment universe, limited to 50 widely traded ETFs from managers such as iShares and db x-trackers, covers a wide variety of asset classes on a global basis, including fixed income, equities and alternative assets like commodities and hedge funds.

In order to ensure diversification, each asset class has a pre-defined allocation range, resulting in a portfolio of 15 to 20 traditional ETFs.

The fund plans to invest in ETFs trading in currencies other than the EUR like USD, GBP or JPY. 
Adepa Asset Management has appointed Triple A Investment Advisors, a Luxembourg-based financial boutique, as the fund’s investment adviser.

Triple A’s managing director David Gonzalvo says: “At the heart of the fund’s investment approach is the belief that setting the right asset allocation, rather than stock or bond picking, is the main determinant of portfolio performance over the long-term, particularly in such non-trending volatile markets investors have encountered in recent years. ETFs are the ideal instrument to implement this investment approach due to their low management fees, high liquidity and great trading flexibility.”

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