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Ors Duo Fund report as of 05/13/2013
 
     
 
Fund profile
The ORS DUO fund is a global balanced fund-of-fund in which through the selection of funds the investment objective is to maximize growth and income at the lowest possible risk. The fund invests in cash, up to 70 % in equity funds and/or 30 % in bond funds. Both qualitative and quantitative measures are the basis for the selection of funds, which are expected to provide a positive return.
Fund data
ISIN: T: AT0000729694 | A: AT0000729686
NAV: T: 114.72 | A: 101.33 EUR
Launch date: 10/02/2000
Capital gains: 0.00 EUR
Ordinary income: 0.26 EUR
Total assets: 4,303,405.52 EUR
Dividend: 0.55 EUR (11/15/2012)
Fiscal year: 09/01- 08/31
Operating costs: 2.44
Performance (05/13/2008 - 05/13/2013)
 
Source: Custodian Raiffeisen Bank International AG
Performance  
Month 1.94 %
Year to date 3.11 %
1 years 6.90 %
2 years (p.a.) 1.12 %
3 years (p.a.) 2.22 %
5 years (p.a.) 2.25 %
Since inception (p.a.) 1.26 %
     
Ratios    
Sharpe ratio -0.17  
Max. drawdown -27.40 %
Volatiltiy (in % p.a.) 7.44 %
     
 
 
 
Asset allocation
 
 
Top 10 Holdings      
BNY Mellon I.-Newton Oriental 9.74 %    
Pictet-Glob.Megatrend Select. 8.27 %    
HYPO-RENT 7.44 %    
Kathrein Euro Bond R (A) 7.33 %    
Kathrein Corporate Bond R (A) 7.20 %    
Fidecum-Contrarian Val.Eurol. 5.79 %    
HCM Kathrein Pfandbrief + (R) (T) 5.36 %    
Mainfirst - Germany Fund 4.62 %    
Kathrein Euro Core Govern. B.R (A) 3.80 %    
Pictet-Emerg.Local Curr.Debt 3.72 %    
       
Performance is calculated in accordance with the OeKB method based on data from the custodian. For performance data individual costs, such as the initial sales charge (a maximum of null of the amount invested) are not taken into consideration. Depending on the amount, those would decrease performance accordingly. Past performance is no indicator for future developments of a fund. Information subject to change.
Portfolio manager comments as of March 2013
Die Zypern-Krise hat gezeigt, daß die Staatsverschuldung das größte Marktrisiko ist. Insbesondere in Industrieländern bleibt das konjunkturelle Umfeld angesichts des anhaltenden Konsolidierungsdrucks der öffentlichen/privaten Haushalte schwierig. Die Frühindikatoren waren zuletzt wieder enttäuschend. Ein Rezessionsende in den Euro-Industrieländern ist noch nicht abzusehen. In den Schwellenländern scheint sich die Wirtschaftsentwicklung weiterhin positiv zu entwickeln. Geringe Inflationsraten, eine moderate Staatsverschuldung ermöglichen eine Fortführung der expansiven Geld-/Fiskalpolitik. Eine leichte Erholung der Weltwirtschaft ist zu erwarten, jedoch keine Bewegung an der Zinsfront. Inflation ist kein Thema. Die japan. Notenbank hat ihr Wertpapierkaufprogramm massiv ausgeweitet und ihr Inflationsziel nach oben angepasst. High-Yield- und Schwellenländeranleihen sind weiterhin attraktiv. Die Schuldenkrise ist noch nicht gelöst und das konjunkturelle Umfeld bleibt schwierig, sollte sich die Aufwärtstendenz der Aktienmärkte fortsetzen, da sie weiterhin von ihrer niedrigen Bewertung und der großen Liquidität aufgrund des Nachholbedarfes profitieren. Vollständiges grünes Licht ist aber noch nicht angezeigt.
     
 
 
This document is for promotional purpose only and does not constitute an offer or recommendation for the purchase or sale of a financial instrument. The published brochure of this unit trust in its current form including all alterations since first release is at the applicants disposal at Kathrein Privatbank Aktiengesellschaft. For the correctness of the data cannot be taken over any adhesion despite careful investigation and registrations. Total Expense Ratio includes management fee, fund administration costs, custodian and other administrative costs as well audit fees.
 
  KATHREIN PRIVATBANK | privatbank@kathrein.at | www.kathrein.at
 
  • © Kathrein & Co. / Archiv

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