Spanish asset manager Universe AM expands its funds offering with the launch of a new fund of funds that primarily invests in equities, Funds People revealed.
DOR Best Managers, the first strategy launched by the firm, is a fund of funds that invests more than 50% in other strategies, including ETFs. The Fund´s portfolio will be comprised of at least six funds which individually will not represent more than 30% of the portfolio. Around 75% of the fund will be invested in equity.
The fund´s asset allocation in relation to the percentage invested in each asset will be monthly reviewed and adjusted according to a mathematical system designed by the asset manager itself. DoR (Dynamic Optimal Risk) takes past volatility and returns data and increases the weighting of the assets at a higher rate of return/volatility past.
Universe AM was launched in Autumn 2018 and is the first firm that specialises in passive management in Spain. Born from the transformation of the Spanish eafi Serfiex Investments into an asset manager, the firm was founded by Rafael García Romero and José Diego Alarcón.
The firm started operating in Spain taking on two funds from Egeria Activos, the GDP World Corporate Bonds and the GDP World Equity.
The GDP World Corporate Bonds invests over 75% of the total exposure in corporate bonds with periodic fixed coupons of at least,average credit quality of issuers/markets in Europe, Brazil, Mexico, Canada and the United States, which together have a minimum participation of 45 % in world GDP. The percentage of investment in each geographical area is calculated based on the weighting in world GDP according to data published by the International Monetary Fund (IMF). It invests in at least three issuers and up to 40, in each country/geographical area.
The GDP World Equity invests more than 75% of the total equity exposure of any capitalisation of issuers and markets in Europe, Brazil, Mexico, Canada, the US, China, Japan, India, Korea and Australia that together have a minimum participation of 70 % in world GDP. The percentage of investment in each of the geographical areas is calculated based on the weight that these countries or geographic zones have in the world GDP according to the IMF.