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LYXOR/SANDLER US EQUITY SI2 GBP

Bestinvest LogoA long short, US equity strategy with variable net and gross exposures.

PRICE (INC)

-

PRICE (ACC)

11589.33p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

1%

ONGOING CHARGE

1.2%

YIELD

0%

1 YEAR
-
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Prices as at 06 Dec 2023.

Fund commentary last updated 03 Sep 2019.

Past performance is not an indication of future performance.

Capital at risk.

This is a long short, US equity strategy, typically operating between 0-60% net long, with gross exposures 150-225%. The investment process has a bias to secular growth stocks on the long book and secularly challenged stocks on the short book. The investment team also seeks to account for the macro economic and credit backdrop, as well as identifying sector / industry trends and price catalysts therein. Fund manager Sandler is an established, New York-based partnership with $100m of its own capital committed to its funds. The product is accessed via Lyxor's UCITS platform. Lyxor is part of the SocGen group and is amongst Europe's leading UCITS platform providers.

Fund summary

SectorTargeted Absolute Return
StructureOFFSHORE FUND
LaunchedFebruary 2018
Size£712m
Yield0%
Dividends paidAccumulation units only

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge1%
Ongoing Charges Figure1.2%

Investment Process

Sandler does not quote a specific performance objective in terms of % return / volatility, instead reference is made to ‘capital appreciation with muted volatility and downside protection characteristics. The investment approach is fundamental stock picking with an awareness of the prevailing market conditions. The strategy aims to remain nimble and turnover can be high, with a view to dampening volatility and protecting on the downside. From the bottom-up perspective, the team stress fundamental analysis with an emphasis on revenue growth and ROIC. Valuation is important, both at the company and the sector level. They also pay attention to market action and technical factors, particularly in relation to the timing and sizing of positions. Top-down they seek to identify secular shifts for the long and short book, and pay attention to economic data developments on the ground and signals from credit markets. They invest in individual securities on both the long and short book. These may include stock specific options and customised baskets of stocks. The team do not employ a 'pairs' trading approach to investment.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning