RWM Alpha Money FR

Bond fund
SFDR classification – Article 6

Part RC – FR0014007P89
Part RD – FR0014007P97
Part IC – FR0014007PA7

Outstanding

506,122.74 €

Volatility

5.43 %

Risk level

3/7

Management comment

January 2023

The equity markets kicked off the new year on a high note by breaking historic January performance records. The S&P500 gained +6.18% over the month, while the STOXX Europe 600 rose by +6.71%. Inflation statistics and monetary policy continue to be very closely watched. It is worthwhile noting those shunned stocks and sectors from last year, have been the biggest winners so far this year.

The bond market rallied as well since central banks (Federal Reserve, European Central Bank) have signaled the degree of future rate hikes will be less restrictive (+25 basis points as opposed to earlier expectations of +50 bps). The 10-year US bond yield thus returned to the 3.50% level, while the French OAT and the German Bund have fallen back below 3% and 2.50% respectively.

In the foreign exchange market, the dollar index (USD against a basket of international currencies) fell slightly below 103 points, which can be seen as a support level.

Regarding commodities, WTI oil managed to close above the major support zone of $77 for the third month in a row. The reopening of China (end of zero-Covid policy) currently appears to hold more importance in investor sentiment versus a possible global recession.

Net asset value

06/02/2023

Part RC
91.45 €

Chart by Visualizer

Source : CM-CIC Asset Management

Part I
91,620.84 

Chart by Visualizer

Source : CM-CIC Asset Management

Asset management team

The two-fund manager team removes the key-person-risk and ensures continuity of Colibri AM’s investment process for the long run.
While each investment is validated by both fund managers (via ESG trajectory screening, fundamental analysis, portfolio construction), Marc et Frédéric are each able to carry out every step of the investment process independently. The bottom/up investment process largely focusses on choosing the best companies for each sector of the universe.

Frédéric Hamm

Marc Frippiat

Key information

The information presented above does not constitute either a contractual element or an investment advice. Past performance is not a reliable indicator of future performance. Management fees are included in the performance. Access to the products and services presented here may be subject to restrictions for certain persons or countries. Tax treatment depends on individual circumstances.

This fund investment promotes environmental, social and governance (ESG) criteria within the meaning of Article 6 of Regulation (EU) 2019/2088 on sustainability reporting in the financial services sector (the so-called “SFDR Regulation”). It does not aim to be a sustainable investment. It may invest partially in assets with a sustainable objective, for example as defined by the EU classification.