Swiss independent asset manager Controlfida has entered the Spanish market with a global mixed moderate strategy aimed at offering stability to investors' portfolios.
Controlfida's vice-chairman Carlo Ferrari told the Spanish daily financial news Rankia Pro that the firm's aim was to try to replicate their flagship funds of low volatility in the Iberian market.
The firm has entered in Spain with its flagship strategy Controlfida Delta Ucits fund, which seeks to achieve long term capital appreciation while reducing the volatility of its returns through dynamic option trading strategies.
With an annualised return of 5.94% to five years in euros, and assets under management of around €400m, the fund will invest half of its portfolio in the US and the other half in Europe.
Its investment objective is to equal-perform the underlying equity markets on the up moves, while limiting the downside to 50% of the down moves. The fund only invests in financial instruments that are liquid and listed on regulated markets. It has a track record dating back to 1999 and it has been transformed into Ucits in May 2010.
Controlfida, founded in Lugano in 1976, has nine Ucits strategies and specialises in the management of open-ended funds for institutional and private clients.
The company aims to generate long-term superior risk-adjusted returns for investors by dynamically managing positions in interest rates, equity and currency markets as well as utilizing a proprietary option trading strategy. The funds only invest in liquid and listed securities eliminating any liquidity and counterparty risks. Positions are monitored continuously and portfolios are dynamically modified to take advantage of even the smallest market moves.