RWM Alpha Money FR

Bond fund
SFDR classification – Article 6

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


480,140.86 €

Perf YTD

– 0.70 %


5.36 %

Risk level


Management comment

August 2023

The S&P500 and STOXX Europe 600 indices declined by a little over 2% during the month, marking the end of five consecutive months of gains for the North American index. It’s worth noting that there was significant volatility during the month, as both indices experienced a 5.45% variation between their monthly highs and lows. This was primarily due to a resurgence in inflation in August, driven mainly by wage increases. Global trade statistics continue to deteriorate, corporate bankruptcies are returning to 2016 levels, and consumer confidence is declining.

Meanwhile, the bond market is moving in a mixed manner. European long-term interest rates are hovering around pivot points, while the 10-year US Treasury yield continues to rise, surpassing 4% for the first time since 2008. This development can be attributed to the return of inflation and a reduction in central bank balance sheets.

Regarding the foreign exchange market, the Dollar Index (which measures the US dollar against a basket of international currencies) is beginning, as anticipated, an upward phase. This trend may seem paradoxical given the news of the month and the global “de-dollarization” efforts. Indeed, the BRICS group has expanded from 5 to 11 members, with the intention, among other things, of no longer conducting trade in US dollars and establishing a new monetary system that is not centered around the currency of Uncle Sam.

Finally, in terms of commodities, the upward trend continues for WTI crude oil, although with significantly less fluctuation. As a result of this increase, the black gold is now at a new annual high. As for the price of gold, it continues its consolidation phase within a horizontal channel defined by the $1,900 to $2,000 range.

Net asset value


Part RC
90.26 €

Chart by Visualizer

Source : CM-CIC Asset Management

Part I


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.