AGS Red Flame
Investment policy
AGS Red Flame is an Andorran Absolute Return fund in Euros. The fund aims to maximise the invested capital in the medium/long term. Its main investment focus is European equities. The fund's strategy is based on two main focuses: to take advantage of the returns offered by the equity market and to avoid or minimise the risks in the event of falls or to cover positions in the event of unexpected events. With these two premises, we sometimes seek to decorrelate the fund from the equity market. After years of study, testing strategies, analysing markets and types of assets, we have managed to bring together different models that allow us to assign the necessary weights to each asset class to create a compact and diversified structure. On the other hand, we use derivatives for the purpose of hedging part or all of the investment according to the risk model. Therefore, in negative years due to the stock market, this fund could obtain positive returns, but also earn less in positive years due to the equity markets. There are no restrictions on a geographical or sectoral level, although a limit of 15% for each individual asset will be taken into account, considering an asset as a share or ETF. Generally, the fund will use sector and index ETFs, shares and will use derivative instruments to hedge. The fund also has the option of investing in any type of asset listed on an organised market. The fund is actively managed and aims to obtain better returns than the euro money market and similar to its benchmark index: 2/3 ESTRON Index and 1/3 MSCI Europe. This investment fund is aimed at all types of investors, but especially those with a moderate risk profile who want to invest in equity assets; thanks to its risk control and low volatility compared to equity-only funds, this fund can be aimed at any client who wants to position themselves in equity markets and have the peace of mind that there will be express management to limit risks in case of doubts about market developments. The minimum recommended investment horizon in AGS Red Flame is 3 years. This fund is a capitalisation fund.
Main risks
Liquidity risk: An investor may encounter restrictions when unwinding the positions in which he or she has invested. This usually happens when trading outside of organised markets, in very specific securities with low trading levels. Lack of liquidity can influence the sale price and, therefore, condition the profitability of the operation.
Exchange rate risk: this arises from the fact that the value of a fund's positions is adversely affected by movements in the exchange rates between the currency in which the fund is denominated and the currency of the assets in which the funds invest.
Variable income: there is a risk that price variations of the shares that make up the fund may be conditioned by external economic factors, by the volume of securities traded and by the level of capitalisation of the company, which may negatively influence the performance of the Fund.
Derivatives: the Fund uses derivative instruments in its strategy as a hedging mechanism. There is a risk that investing in derivatives (futures, options, etc.) may involve greater risk given the nature of these products.
Performance and positioning
Main positions of the Fund
| iShares Core Eurostoxx 50 | 13,12% |
| iShares MSCI World EUR Hedged ETF | 10,49% |
| iShares Core DAX UCITS | 6,74% |
| Lyxor FTSE MIB DR UCITS ETF | 6,31% |
| Lyxor CAC 40 | 6,21% |
| iShares STOXX Europe 600 Banks | 3,59% |
| Cash Euro Warranty | 3,33% |
| iShares STOXX Europe 600 Technology | 3,30% |
| iShares STOXX Europe 600 Automobiles & Parts | 3,01% |
| iShares EDGE MSCI Europe Momentum | 2,75% |
Net Exposure to Equities
Carles Anguera Bairaguet
Risk profile
- 1
- 2
- 3
- 4
- 5
- 6
- 7
This Fund is included in risk category or profile 3 according to SRRI classification. This classification defines minimum and maximum volatility margins for each risk profile. The historical data used for the calculation of this indicator may not provide a reliable indication of the future risk profile of the fund. There are no guarantees that the risk profile indicator will remain unchanged, as it may vary over time.
Fund General Information
| Release Date | 04/02/2020 |
| ISIN | AD0000056200 |
| AFA Registration Number | 189 |
| Fund Type | Multi-currency equities |
| Currency | Euro |
| Minimum investment | 1 Participation |
| NAV calculation and publication | Daily |
| Subscription and refund fee | 0,00% |
| Management Fee | 1,50% |
| Depositary Fee* | 0,20% |
| Success Fee* | 10% |
| Cut-off and Settlement Time | 17h / D+1 |
| NAV Publication | www.agisa.ad |
Documents
| Prospecte AGS Red Flame |  |
| Reglament AGS Red Flame | |
| Informe de Gestió Trimestral | |
Factsheet
| Factsheet Agost 2024 Català | |
| Factsheet Agosto 2024 Español | |
| Factsheet Août 2024 Français | |
| Factsheet August 2024 English | |
Investment policy
AGS Red Flame is an Andorran Absolute Return fund in Euros. The fund aims to maximise the invested capital in the medium/long term. Its main investment focus is European equities. The fund's strategy is based on two main focuses: to take advantage of the returns offered by the equity market and to avoid or minimise the risks in the event of falls or to cover positions in the event of unexpected events. With these two premises, we sometimes seek to decorrelate the fund from the equity market. After years of study, testing strategies, analysing markets and types of assets, we have managed to bring together different models that allow us to assign the necessary weights to each asset class to create a compact and diversified structure. On the other hand, we use derivatives for the purpose of hedging part or all of the investment according to the risk model. Therefore, in negative years due to the stock market, this fund could obtain positive returns, but also earn less in positive years due to the equity markets. There are no restrictions on a geographical or sectoral level, although a limit of 15% for each individual asset will be taken into account, considering an asset as a share or ETF. Generally, the fund will use sector and index ETFs, shares and will use derivative instruments to hedge. The fund also has the option of investing in any type of asset listed on an organised market. The fund is actively managed and aims to obtain better returns than the euro money market and similar to its benchmark index: 2/3 ESTRON Index and 1/3 MSCI Europe. This investment fund is aimed at all types of investors, but especially those with a moderate risk profile who want to invest in equity assets; thanks to its risk control and low volatility compared to equity-only funds, this fund can be aimed at any client who wants to position themselves in equity markets and have the peace of mind that there will be express management to limit risks in case of doubts about market developments. The minimum recommended investment horizon in AGS Red Flame is 3 years. This fund is a capitalisation fund.
Main risks
Liquidity risk: An investor may encounter restrictions when unwinding the positions in which he or she has invested. This usually happens when trading outside of organised markets, in very specific securities with low trading levels. Lack of liquidity can influence the sale price and, therefore, condition the profitability of the operation.
Exchange rate risk: this arises from the fact that the value of a fund's positions is adversely affected by movements in the exchange rates between the currency in which the fund is denominated and the currency of the assets in which the funds invest.
Variable income: there is a risk that price variations of the shares that make up the fund may be conditioned by external economic factors, by the volume of securities traded and by the level of capitalisation of the company, which may negatively influence the performance of the Fund.
Derivatives: the Fund uses derivative instruments in its strategy as a hedging mechanism. There is a risk that investing in derivatives (futures, options, etc.) may involve greater risk given the nature of these products.
Performance and positioning
Main positions of the Fund
| iShares Core Eurostoxx 50 | 13,12% |
| iShares MSCI World EUR Hedged ETF | 10,49% |
| iShares Core DAX UCITS | 6,74% |
| Lyxor FTSE MIB DR UCITS ETF | 6,31% |
| Lyxor CAC 40 | 6,21% |
| iShares STOXX Europe 600 Banks | 3,59% |
| Cash Euro Warranty | 3,33% |
| iShares STOXX Europe 600 Technology | 3,30% |
| iShares STOXX Europe 600 Automobiles & Parts | 3,01% |
| iShares EDGE MSCI Europe Momentum | 2,75% |
Net Exposure to Equities
Carles Anguera Bairaguet
Risk profile
- 1
- 2
- 3
- 4
- 5
- 6
- 7
This Fund is included in risk category or profile 3 according to SRRI classification. This classification defines minimum and maximum volatility margins for each risk profile. The historical data used for the calculation of this indicator may not provide a reliable indication of the future risk profile of the fund. There are no guarantees that the risk profile indicator will remain unchanged, as it may vary over time.
Fund General Information
| Release Date | 04/02/2020 |
| ISIN | AD0000056200 |
| AFA Registration Number | 189 |
| Fund Type | Multi-currency equities |
| Currency | Euro |
| Minimum investment | 1 Participation |
| NAV calculation and publication | Daily |
| Subscription and refund fee | 0,00% |
| Management Fee | 1,50% |
| Depositary Fee* | 0,20% |
| Success Fee* | 10% |
| Cut-off and Settlement Time | 17h / D+1 |
| NAV Publication | www.agisa.ad |
Documents
| Informe de Gestió Trimestral |
|
Factsheet
| Factsheet Setembre 2024 Català |
|
| Factsheet Septiembre 2024 Español |
|
| Factsheet Setembre 2024 Français |
|
| Factsheet September 2024 English |
|
