Globally positioned with a focus on the USA and Europe (Photo: freepik, natanaelginting)
Since its launch in May 2015, the Algebris Financial Equity Fund has proven to be a successful option for investors looking to invest specifically in the financial sector. With an impressive performance of 114 percent over 5 years and almost 60 percent over 3 years, the fund has a convincing track record.
The fund’s investment strategy is based primarily on long positions and derivatives of financial companies worldwide, including banks, insurance companies and financial service providers. However, the fund management reserves the right to enter into short positions under certain conditions.
With a portfolio of around 120 different securities, the fund is broadly diversified and can therefore benefit from different economic cycles in industrialized and emerging countries.
Globally positioned with a focus on the USA and Europe
The fund invests worldwide with a focus on the USA (around 30 percent) and Europe. Other important regions in the portfolio include Great Britain, Spain, Italy, Greece and Germany. The largest positions currently include SantanderBNP Paribas, BBVA, Barclays and Prudential (UK) PLC. Most recently, Greek banks such as the National Bank of Greece and the Alpha Bank contributes to positive performance.
The Algebris Financial Equity Fund is accessible to both institutional investors (ISIN: IE00BWY56Y06) and private investors (ISIN: IE00BWY56V74) as it is offered in 2 different tranches.
Disclaimer:
Not investment advice. No call to buy or sell securities.