Diversified Multi Asset Macro

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Sub Index - Diversified Macro

A multi-asset class approach to global macro investing. Generally, this is more of an investing than a trading strategy, with managers aiming to profit from the identification of longer-term macro themes. As such, it is predominantly asset allocation across multiple asset classes which drives returns for these funds, and their portfolios will typically have some explicit beta exposures alongside more opportunistic and relative value trades. A number of products were born in UCITS as the natural extension to long-only multi asset/balanced portfolio investing, just with the added freedom of a more flexible mandate.

Strategy AUM
30 June 2023
£8.7b
-23.2% YoY

Performance

Monthly Returns

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.8 -1.1 -0.1 0.0 -0.2 -0.3 0.8 -0.2 -0.2 -0.5
2022 -1.4 -0.8 0.9 -0.4 -0.6 -1.8 0.6 -0.2 -0.9 0.1 0.9 0.5 -3.1
2021 -0.4 -0.1 0.4 0.5 -0.1 0.6 -0.4 0.5 -0.7 -0.3 -0.3 1.6 1.0
2020 0.9 -1.5 -4.1 1.4 1.4 0.1 0.8 0.8 -0.5 -0.1 2.0 1.0 2.2
2019 1.8 0.2 0.7 0.8 -0.4 1.3 0.6 0.2 1.3 0.5 0.2 1.0 8.3
2018 0.9 -0.7 -0.8 1.0 -1.0 -0.4 0.7 -1.3 0.3 -0.6 -0.1 -0.9 -2.9
2017 -0.4 0.4 0.6 0.4 0.8 -0.1 0.0 0.1 0.2 0.7 -0.4 -0.2 2.2
2016 -1.2 -0.2 0.5 0.1 0.5 -0.5 1.6 0.5 -0.5 0.7 -1.0 1.4 1.6
2015 2.4 1.0 0.6 -0.1 0.6 -1.9 0.5 -1.3 -1.5 1.8 0.0 -1.1 0.9
2014 -0.6 1.3 0.1 -0.3 0.7 -0.1 0.4 0.3 0.6 -1.0 1.6 -0.8 2.4
2013 3.6 0.9 1.5 0.9 0.9 -2.6 1.9 -1.2 0.5 2.0 0.3 0.7 9.5
2012 2.2 2.2 -0.4 -1.7 -1.7 0.9 1.6 1.0 1.9 0.0 0.4 1.1 7.6
2011 -0.7 0.7 0.4 1.1 0.4 -1.5 -0.1 -3.4 -1.2 3.5 -1.6 1.2 -1.4
2010 -1.1 1.7 2.6 0.0 -1.3 -1.0 1.3 0.5 2.6 1.3 -0.5 2.6 9.0
Show all
  • Region Global
  • Currency Local Currency
  • Frequency Monthly Rebalancing
  • Methodology Equally Weighted
  • Download Index Return Series

Index Constituents

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Overview Performance Return Attributes ESG Institutional Class Structure
Name Inception Date Geography AUM AMC Perf. Fee Hurdle Min Inv. Liquidity MTD YTD 2022 1W 1M 3M 6M 1Y 2Y 3Y ISIN Liquidity Domicile Inv. Adviser Portfolio Manager UN PRI Signatory Companywide ESG Policy SFDR ESG Data Integration Active Ownership ESG Exclusion List Return Consistency
Percentile Rank		 Performance
Percentile Rank		 Diversifier
Percentile Rank		 Downside Protection
Percentile Rank		 Low Risk
Percentile Rank
Amundi Global Macro Bonds & Currencies Dec 2013 Global £44m 0.40% 15% 500,000 Daily -5.4 -8.0 0.2 -0.6 0.3 -3.6 -2.8 -11.4 -11.6 LU0996171368 Daily Luxembourg Amundi Asset Management Ryan Myerberg Article 6 6 5 18 28 21
Amundi Global Macro Bonds & Currencies Low Vol Apr 2005 Global £21m 0.30% 15% 500,000 Daily 0.1 -6.1 -0.2 -0.3 0.6 -0.7 0.9 -5.8 -6.3 LU0210817879 Daily Luxembourg Amundi Asset Management Ryan Myerberg Article 6 3 11 11 34 38
Anima Global Macro Feb 2018 Global £81m 0.60% 20% Daily -3.7 -15.6 -0.5 -1.9 -3.0 -4.3 -4.7 -18.2 -14.6 IE00BD97PK72 Daily Ireland Anima Sgr Gianni Pola 15 6 4 16 15
Aviva Investors Multi-Strategy Target Return Jul 2014 Global £2.5b 0.75% 500,000 Daily -0.5 5.2 -0.2 0.2 1.5 1.1 4.5 6.6 12.1 GB00BMTRW090 Daily UK Aviva Investors Multi Asset Team 83 60 46 45 81
BlueBalance Global Opportunities Fund Nov 2019 Global £163m 0.70% 10% 125,000 Daily 6.5 -0.3 -0.1 0.7 1.3 4.0 9.0 2.0 9.2 LU2022233972 Daily Luxembourg BlueBalance Capital Dr. Lukas Goetz, Markus Sch... 41 54 93 72 59
Eaton Vance Global Macro May 2010 Global £100m 0.80% 5,000,000 Daily 6.0 -0.3 -0.1 3.8 11.9 6.3 10.1 IE00B5724T02 Daily Ireland Eaton Vance John Baur, Michael Cirami, ... Article 6 56 66 64 72 80
Fulcrum Diversified Absolute Return Fund (Lux) Feb 2017 Global £556m 0.75% 0% No 10,000,000 Daily -0.6 -2.0 6.9 -0.7 -0.5 0.6 0.4 -2.9 5.9 9.2 LU1551069302 Daily Luxembourg Fulcrum Asset Management LLP Yes Yes Article 6 No No N/A 77 61 92 62 89
HESPER - Global Solutions Jun 2019 Global £62m 0.60% 10% Yes 100 Daily -0.4 -3.9 -3.8 1.1 1.6 0.6 -0.4 -9.9 -2.8 4.9 LU1931806399 Daily Luxembourg ETHENEA Independent Investo... Federico Frischknecht, Andr... Yes Yes Article 8 Yes Yes Yes 63 45 84 67 46
Insight Global Absolute Return Feb 2013 Global £585m 0.75% 250,000 Daily -0.2 0.9 -8.4 -0.9 -1.7 -1.2 -0.1 1.5 -4.9 3.5 GB00B83VQG35 Daily UK BNY Mellon Asset Management Steve Waddington 52 48 7 22 58
Invesco Global Targeted Income Nov 2016 Global £6m 0.87% Daily 0.2 0.5 -2.6 -0.2 0.6 0.7 -0.4 2.0 -2.7 -4.1 GB00BZB27L97 Daily UK Invesco Asset Management Sebastian Mackay, Gwilym Sa... Article 6 4 14 69 69 26
Invesco Global Targeted Returns Sep 2013 Global £406m 0.87% Daily 0.3 2.7 -1.1 -0.4 0.1 0.3 0.8 7.7 1.4 1.4 GB00B8CHD613 Daily UK Invesco Asset Management David Millar, Richard Batty... Article 6 21 27 55 57 53
Invesco Global Targeted Returns (Lux) Dec 2013 Global £263m 0.70% Daily 0.3 2.5 -2.0 -0.3 0.1 0.2 0.6 7.1 0.3 -0.4 LU1004133531 Daily Luxembourg Invesco Asset Management David Millar, Dave Jubb, Ri... Article 6 12 23 54 53 44
L&G Multi-Asset Target Return Fund Mar 2015 Global £383m 0.65% 1,000,000 Daily -0.6 3.9 -5.0 0.0 2.5 3.3 0.9 10.9 -0.1 7.9 GB00BD97XY71 Daily UK Legal & General Investment ... Emiel van den Heiligenberg,... 42 52 19 31 38
Ninety One Global Macro Allocation Feb 2018 Global £532m 0.75% 1,000,000 Daily 0.7 3.2 1.9 0.4 2.3 -1.7 12.0 7.0 6.4 41.0 LU1745457744 Daily Luxembourg Ninety One Iain Cunningham, James Elliot 50 82 27 44 51
Ninety One Global Macro Alternative Oct 2022 Global £70m 0.75% 0% No 1,000,000 Daily -0.2 -14.0 -1.4 -4.8 -4.3 -12.0 GB00BP2B5993 Daily UK Ninety One James Elliot & Alex Holroyd... Yes Yes Article 6 Yes Yes Yes
Prosper Global Macro Jun 2014 Global £55m 1.20% 15% none 15,000 Daily 2.1 2.4 -0.2 -0.5 1.6 2.1 1.5 10.5 22.0 LU0927891365 Daily Luxembourg Plurimi Investment Managers Patrick Armstrong, Eugen Fo... 81 77 48 42 86
TM Fulcrum Diversified Absolute Return Mar 2012 Global £548m 1.00% 0% No 500,000 Daily -0.5 -2.5 6.0 -0.6 -0.3 0.4 0.0 -3.9 4.8 9.2 GB00B7N2VD17 Daily UK Fulcrum Asset Management LLP Suhail Shaikh Yes Yes Article 6 No N/A N/A 68 61 92 60 86
TM Fulcrum Diversified Core Absolute Return Nov 2014 Global £712m 0.80% 0% No 5,000,000 Daily -0.6 -2.4 8.3 -0.6 -0.3 0.5 0.2 -3.6 6.9 10.0 GB00BRTNY847 Daily UK Fulcrum Asset Management LLP Suhail Shaikh Yes Yes Article 6 No N/A N/A 74 65 98 66 89
TM Fulcrum Income Fund Jan 2018 Global £114m 0.75% 0% No 5,000,000 Daily -0.7 -2.0 7.1 -0.7 -0.3 0.3 0.2 -1.5 6.5 10.4 GB00BF0GWT58 Daily UK Fulcrum Asset Management LLP Fulcrum Investment Team No No Article 6 No N/A N/A 89 69 53 56 94
UBS Dynamic Alpha Jun 2005 Global £44m 0.92% Daily 3.1 -5.8 -0.1 -0.7 1.2 2.2 5.9 -3.2 7.0 LU0218832805 Daily Luxembourg UBS Asset Management Andreas Koester, Tom Rivers Article 6 36 50 14 25 54
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Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.