Quant AM has launched a Luxembourg-based UCITS III version of its Quant Global Equities fund.
The US$24 million UCITS fund will track its successful, BVI-based sister fund, which has returned 18.5% annually since 2004.
Like the QAM Global Equities fund, the new fund will employ a “Top Rights” investment strategy, buying undervalued stocks with upward earnings revisions while minimizing risk. The portfolio consists of 100-200 stocks (long) and a basket of futures (short) based on a dynamic hedging model.
Frank Holle, co-founder of the Quant AM SICAV, said, “We are really excited about being able to offer our award-winning fund in UCITS III form. Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund.”
The new fund has been set up as a Luxembourg UCITS III SICAV in partnership with Luxembourg Financial Group.