Two European portfolios and a US fund have been added to the Digital funds Luxem-bourg Sicav. The ...
Two European portfolios and a US fund have been added to the Digital funds Luxem-bourg Sicav.
The Digital Star Europe fund has a bias towards small and mid-cap pan-European stocks, but can invest up to 50% in large-cap positions. It is benchmarked to the MSCI Europe Small Cap.
The Digital Europe portfolio only invests in large-cap stocks and is benchmarked to the DJ Euro Stoxx 50, while the Digital Star US portfolio is benchmarked to the S&P 500 and can invest across all caps.
All three funds are managed by Jacque Chahine, founder of the Digital fund Sicav and Julien Bernier, portfolio manager. Chahine provides the initial quantitative proprietary model for stock selection looking at price momentum, earnings revision and valuation.
There is no minimum investment for the funds. Both the Digital Star Europe and Digital Star US have an annual management charge (AMC) of 1.5%, plus an outperformance fee of 15% of returns above the benchmark. The Digital Europe fund has a 1.1% AMC, plus a 15% outperformance fee.
The products are available for distribution in the UK, Italy, Switzerland, France, Germany, Netherlands and Belgium.
Two European portfolios and a US fund to be part of Digital Luxembourg Sicav
No minimum investment
Outperformance fee of 15% of returns above benchmark
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation