RWM Alpha Money FR

Bond fund
SFDR classification – Article 6

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

Outstanding

725,095.15

Volatility

6.02 %

Risk level

3/7

Management comment

August 2022

August was made up of two halves in the equity markets: the uptrend from July continued in the first portion of the month, while the latter half saw sharp profit-taking after Jerome Powel’s hawkish speech. The US economy is not showing any signs of abatement. The bond market meanwhile tightened significantly. The German Bund’s interest rate almost doubled month-on-month, the French OAT moved back above 2% and the Italian BTP returned to 4%. Volatility in the normally “safe” fixed income market continues to indicate deep overall uncertainty. In the foreign exchange markets, the dollar index (USD against a basket of currencies) maintained its upward trend to close the month at a 20-year high. Regarding commodities, WTI oil fell by nearly 10% over the month, returning to pre-Ukrainian crisis levels of late January 2022. Gold is trading in a well-defined sideways channel of $1,700/$1,800 (per ounce), despite aggressive monetary policies of hiking interest rates.

Net asset value

29/09/2022

Part RC
94.82 €

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Part I
94,901.61

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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 8 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.

This fund investment is subject to sustainability risks as defined in Article 2(22) of the Regulation (EU) 2019/2088 on sustainability reporting in the financial services sector (the “SFDR Regulation”), by an environmental, social or governance event or condition which, if it occurs, could result in an actual or potential negative impact on the value of the investment.