Global Conservative

Evidence Based Investing

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Portfolio Characteristics

Inception Date – May 2017
Currency – EUR
Dividend Yield – 1.70%
Daily Liquidity

Investment Approach

Evidence Based Investing is our core investment philosophy, which means that rather than relying on short-term forecasting, we draw information about expected returns from the market itself. Letting markets do what they do best, drive information into prices, frees us up to spend time where we believe we have an advantage, namely in how we interpret the research and how we design and manage portfolios. It means we take a more systematic approach to investing, an approach we can implement consistently, and investors can understand and stick with, even in challenging market environments.

Rigorous, unbiased research has yielded six expected return premia for patient investors, which are equity premium, small cap premium, value premium, profitability premium, term premium and credit premium. We then select the most suitable securities to create the desired market exposure in the most cost and tax efficient way to capture these premiums.

We manage investment risks by using the combined powers of diversification and asset allocation. Diversification is a way to dampen risks. While some risks can be diversified away, market risk however remains and is expected to enhance your long-term returns if you build them into your total portfolio, and if you stay the course with them over time.

Asset allocation is determined by the investor’s specific goals and times frames and guided by his or her risk tolerance and capacity.

Strategy Description

Our International Global Strategies are widely diversified investing in tax efficient ETFs and market trackers, with the target to generate at least global capital market returns. Sustainable investment criteria play a large role in the composition of the portfolio. The portfolio is widely diversified with small tilts to certain investment factors or thematic market trends.

The international portfolio does not take large bets in regional allocation compared to the MSCI All Country World Index. It does hedge part of the foreign currency exposure back to Euro.

The strategy is 100% equity focused and is suitable for long-term investors with an conservative risk profile that want to capture global market returns.

Portfolio Performance

YTD 2020 2019 2018 2017
Portfolio0.85%1.34%14.30%-4.40%3.41%
as of 29/01/2021

Annualised Return

Standard Deviation

Sharpe Ratio

Portfolio5.09%4.52%1.13%

Allocation

North America 56.52%

Greater Europe 18.99%

Asia Developed 13.02%

Asia Emerging 10.37%

Central/ Latin America 1.10%

Sector

Financials

14.24%

Industrials

8.56%

Consumer Discretinoary

12.28%

Real Estate

4.90%

Consumer Staples

5.36%

Materials

4.07%

Healthcare

14.87%

Utilities

3.43%

Technology

20.93%

Energy

1.32%

Telecommunication

10.04%

Sector

Financials

14.24%

Industrials

8.56%

Consumer Discretinoary

12.28%

Real Estate

4.90%

Consumer Staples

5.36%

Materials

4.07%

Healthcare

14.87%

Utilities

3.43%

Technology

20.93%

Energy

1.32%

Telecommunication

10.04%

Sector

Investment Grade

null

High Yield

0.00%

Other

0.00%

Financials

14.24%

Industrials

8.56%

Consumer Discretionary

12.28%

Real Estate

4.90%

Consumer Staples

5.36%

Materials

4.07%

Healthcare

14.87%

Utilites

3.43%

Technology

20.93%

Energy

1.32%

Communication

10.04%

Sector

Diversified Reits

null

Office Reits

0.00%

Retail Reits

0.00%

Hotel & Resort Reits

0.00%

Industrial Reits

0.00%

Financials

14.24%

Industrials

8.56%

Consumer Discretionary

12.28%

Real Estate

4.90%

Consumer Staples

5.36%

Materials

4.07%

Healthcare

14.87%

Utilites

3.43%

Technology

20.93%

Energy

1.32%

Communication

10.04%

Top Holdings

StockWeight

Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF25.71%

Xtrackers IE plc - Xtrackers MSCI World ESG UCITS ETF14.86%

iShares Global Corp Bond EUR Hedged UCITS ETF Dist12.02%

UBS Irl ETF Plc - MSCI ACWI ESG Universal UCITS ETF7.84%

iShares USD TIPS UCITS ETF7.62%

Xtrackers II USD Asia ex Japan Corporate Bond UCITS ETF6.12%

iShares JP Morgan EM Local Government Bond UCITS ETF5.42%

iShares China CNY Bond UCITS ETF5.07%

Xtrackers MSCI Emerging Markets ESG UCITS ETF3.27%

iShares Edge MSCI World Momentum Factor UCITS ETF2.15%

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