Multi-Asset-Precious Metals (USD)


Datum der letzten Berechnung: 30.10.20
Indexwert: 100.2300
Monatsverlauf: -1.37 %
Jahresverlauf: 0.23 %

The objective of the Index is to reflect the performance an investor can achieve by regularly investing in such precious metal which experienced the best trailing 12-month total return performance out of all available precious metals. In addition, the Index aims to control the volatility of each asset class (except cash) by dynamically allocating between cash and the relevant asset class to target a 60-day annualized volatility of approximately 15.0%.

Aktuelle Zusammensetzung
DateISINWeight
29/10/2020LU01284977070.5428
29/10/2020CH01831360080.0834
29/10/2020CH01189290220.3107
29/10/2020CH00475335490.0631

Index Umschichtungen
DateISINUnit Change
26/10/2020CH01189290220.03029728
26/10/2020LU0128497707-0.04750752
14/10/2020CH0118929022-0.01420912
14/10/2020CH01831360080.01228621
14/10/2020LU01284977070.00268214
30/09/2020CH0047533549-0.00045184
30/09/2020LU01284977070.00560437
14/09/2020CH0118929022-0.01420912
14/09/2020CH01831360080.01299092
14/09/2020LU0128497707-0.00069437

Hintergrundinformationen

Universe of Index Components

Fund shares relating to the precious metals sector, government bonds and cash.

Index Components and their selection

Each investment instrument must fulfil the following selection criteria to be eligible for inclusion in the Index. The relevant investment instrument must:
(i) Have a price that is set regularly and publicly accessible;
(ii) be approved by the Swiss Financial Market Supervisory Authority (FINMA) for public distribution in Switzerland;
(iii) be denominated in CHF, USD, EUR or GBP;
(iv) relate to a fund with assets under management at the time of inclusion in the Index in excess of 10 million USD or the equivalent in its relevant currency in which it is denominated; and
(v) be similar in the investment theme (e.g. MSCI World cannot be replaced by MSCI Germany).

The Index Component Selection Criteria are required to be fulfilled at the time of inclusion of the relevant investment instrument as Index Component in the Index. However, fulfilment of the Index Component Selection Criteria will not be monitored on an ongoing basis following such inclusion.

The composition of the Index is static, however Index Components may be replaced at the Index Administrator's discretion in certain circumstances.

Allocation of Index Components

The Index represents a multi asset strategy replicating investments in different precious metals, government bonds and cash (as included in the table below each an "Asset Class"). Each is represented by a fund as outlined in the table below as of the Index Start Date (the composition of which is considered static but subject to changes in accordance with section 2.4 in the Index Guidelines).

Asset Class       -     Fund ISIN
Palladium - CH0118929022
Platinum - CH0116014934
Gold - CH0047533549
Silver - CH0183136008
Cash - LU0128497707
Government Bonds - IE00B3VWN518

The Index Components' individual weightings ("Index Exposure") may be rebalanced on a monthly basis using the trailing 12-month gross total return for each Asset Class (momentum filter).

Volatility targeting is achieved as follows:
- if the observed 60-Days Volatility for the respective Asset Class decreases, the exposure to such Asset Class is dynamically reduced by a corresponding increase in exposure in the Cash Asset Class; and
- if the observed 60-Days Volatility for the respective Asset Class increases, the exposure to such Asset Class is dynamically increased by a corresponding decrease in exposure in the Cash Asset Class.

Monthly Rebalancing
Rebalancing Determination Date: 14th Day of every month.

Each Bucket has annual Rebalancing Dates on which the Bucket reallocates 100.0% to the asset class with best trailing 12-month gross total return performance. The difference between each of the twelve Buckets is that Rebalancing Determination Dates and Rebalancing Dates are offset by one month.

In case a Period Start Date / Period End Date is not a Business Day, the previous Business Day will be considered.

Daily Rebalancing

Volatility targeting is done daily, unless such day is a Monthly Rebalancing Date, for each Bucket and in a similar fashion as described under Monthly Rebalancing above. However, to minimize the amount of changes applied within the course of an allocation, a weight tolerance of 10.00 percentage points is applied. It should be noted that this applies to all asset classes except for cash.

Events
Type Date Note Value
Monthly Rebalance 14.09.2020
Monthly Rebalance 14.10.2020
Monthly Rebalance 16.11.2020
Monthly Rebalance 14.12.2020
Monthly Rebalance 14.01.2021
Monthly Rebalance 15.02.2021
Monthly Rebalance 15.03.2021
Monthly Rebalance 14.04.2021
Monthly Rebalance 14.05.2021
Monthly Rebalance 14.06.2021
Monthly Rebalance 14.07.2021
Monthly Rebalance 16.08.2021
Monthly Rebalance 14.09.2021
Monthly Rebalance 14.10.2021
Monthly Rebalance 15.11.2021
Monthly Rebalance 14.12.2021
Monthly Rebalance 14.01.2022
Stammdaten & Dokumente
Identifier: DE000A2QATD4 WKN: A2QATD
Bloomberg Ticker: LIXXMPMU Index Sponsor: ISF Institut Deutsch-Schweizer Finanzdienstleistungen GmbH