AZ Allocation - Turkey B-AZ FUND (DIS)
LU0947786546
AZ Allocation - Turkey B-AZ FUND (DIS)/ LU0947786546 /
NAV21/08/2024 |
Chg.-0.0200 |
Type of yield |
Investment Focus |
Investment company |
3.1120EUR |
-0.64% |
paying dividend |
Mixed Fund
Mixed fund/flexible
|
Azimut Investments ▶ |
Investment strategy
The Sub-fund's investment objective is to achieve long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a portfolio of equities and/or debt securities issued by Turkish companies. The Subfund actively manages the allocation between equities and debt securities, based on the expected risk and return between these two asset classes. The equity component will be the main driver of the Sub-fund's performance.
The Sub-fund invests up to 100% of its net assets, directly or indirectly, in equity and equity-related securities of Turkish companies. Indirect exposure is obtained by investing in derivatives based on equity securities and/or equity indices. The Sub-fund may invest up to 100% of its net assets in debt securities issued by the Turkish government, supranational institutions or Turkish governmental bodies and/or companies that have their head office and/or that carry out a predominant part of their economic activities in Turkey. The Sub-fund may invest up to 100% of its net assets in debt securities having a sub-investment grade rating. The Sub-fund may also invest up to 25% of its net assets in hybrid, subordinated bond other than contingent convertible bonds (CoCo bonds) and/or perpetual bonds issued by financial and non-financial institutions, and up to 20% of its net assets in CoCo bonds.
Investment goal
The Sub-fund's investment objective is to achieve long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a portfolio of equities and/or debt securities issued by Turkish companies. The Subfund actively manages the allocation between equities and debt securities, based on the expected risk and return between these two asset classes. The equity component will be the main driver of the Sub-fund's performance.
Master data
Type of yield: |
paying dividend |
Funds Category: |
Mixed Fund |
Country: |
Turkey |
Branch: |
Mixed fund/flexible |
Benchmark: |
50% MSCI TURKEY Net Total Return USD, 50% Return of TLREF (Turkish Lira overnight Reference) rate |
Business year start: |
01/01 |
Last Distribution: |
22/04/2024 |
Depository bank: |
BNP Paribas, Luxembourg Branch |
Fund domicile: |
Luxembourg |
Distribution permission: |
Switzerland, Luxembourg |
Fund manager: |
Giorgio Medda, Charles Feghali, Murat Salar, Kutay Ultan |
Fund volume: |
38.32 mill.
USD
|
Launch date: |
17/09/2013 |
Investment focus: |
- |
Conditions
Issue surcharge: |
0.00% |
Max. Administration Fee: |
1.80% |
Minimum investment: |
1,500.00 EUR |
Deposit fees: |
- |
Redemption charge: |
2.50% |
Key Investor Information: |
- |
Investment company
Funds company: |
Azimut Investments |
Address: |
Via Cusani, 4, 20121, Milano |
Country: |
Italy |
Internet: |
www.azimut-group.com
|
Currencies
Turkish Lira |
|
77.00% |
US Dollar |
|
23.00% |