Steeve BRUMENT
Global Head of Alternative Investments
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About this fund
Candriam Candriam Diversified Futures is a Fonds Commun de Placement (FCP) under French law. Its investment objective is to achieve an absolute performance net of all management fees exceeding the capitalised €STR index for euro denominated units, exceeding the capitalised SONIA index for GBP denominated units, and exceeding the capitalised EFFR index for USD denominated units, independent of trends on the international equities, interest rates, currencies and volatility markets by means of systematic quantitative strategies with an annualised target volatility of less than 12% under normal market conditions. Your money will be mainly invested in financial instruments selected by the Management Company. These instruments will be subject to market trends and uncertainties. The fund does not have a sustainable investment objective and does not specifically promote environmental and/or social characteristics. The fund seeks to exclude investments in companies that do not comply with certain internationally recognised standards and principles, or companies that are particularly exposed to certain controversial activities. The investment horizon is 3 years. The fund is managed actively, with reference to the index mentioned on the section "characteristics". For further information about this index and its use, please consult the fund's key information document (KID).
Principal assets traded:
Equity indices, volatility indices, interest rate indices, and foreign exchange indices via derivative products (futures and options). As part of the strategy of the portfolio fund: bonds and other debt securities, and money market instruments, of all types of issuers with a short-term rating of at least A-2 when acquired (or equivalent) from one of the rating agencies (i.e. issuers with a very good rating).
Investment strategy:
Portfolio management is built around a prudent portfolio foundation strategy via bonds and money market instruments, and a dynamic strategy.
The dynamic strategy is built around systematic strategies based on quantitative models that are able to generate asset purchase or sale signals. Three strategies with very little correlation are applied:
* on the one hand, the main, trend-following strategy based on statistical and technical analyses aimed at determining the best market trends irrespective of expectations for those markets,
* on the other hand, a contrarian strategy that goes against the main trends, benefiting from excess market movements both upwards and downwards,
* and lastly a form recognition model based on short-term statistical analysis aimed at determining whether recent market movements have occurred previously.
Management takes a position if this behaviour has been profitable in the past.
The fund does not have sustainable investment as its objective and does not specifically promote environmental and/or social characteristics.
The management team may use derivative instruments such as futures, options and forward foreign exchange and notably in these market categories: interest rates, government bonds, stock exchange indices, currencies, etc. Total return swaps, or other derivative financial instruments which have the same characteristics, may also be used.
Derivatives are used for the purpose of (long or short) exposure, hedging or arbitrage.
Benchmark: €STR (Euro Short Term Rate) Capitalized.
The fund is managed actively and the investment process includes the reference to a benchmark.
Use of the benchmark:
- to calculate the performance fee for some share classes,
- for performance comparison purposes.
Over the recommended investment term, and in connection with its systematic management, the fund seeks, by investing in the main assets traded, to achieve an absolute performance better than the €STR (Euro Short Term Rate) Capitalized and annualised volatility (indicator of the upward and downward fluctuations of the fund value) of less than 12% under normal market conditions.
Equity indices, volatility indices, interest rate indices, and foreign exchange indices via derivative products (futures and options). As part of the strategy of the portfolio fund: bonds and other debt securities, and money market instruments, of all types of issuers with a short-term rating of at least A-2 when acquired (or equivalent) from one of the rating agencies (i.e. issuers with a very good rating).
Investment strategy:
Portfolio management is built around a prudent portfolio foundation strategy via bonds and money market instruments, and a dynamic strategy.
The dynamic strategy is built around systematic strategies based on quantitative models that are able to generate asset purchase or sale signals. Three strategies with very little correlation are applied:
* on the one hand, the main, trend-following strategy based on statistical and technical analyses aimed at determining the best market trends irrespective of expectations for those markets,
* on the other hand, a contrarian strategy that goes against the main trends, benefiting from excess market movements both upwards and downwards,
* and lastly a form recognition model based on short-term statistical analysis aimed at determining whether recent market movements have occurred previously.
Management takes a position if this behaviour has been profitable in the past.
The fund does not have sustainable investment as its objective and does not specifically promote environmental and/or social characteristics.
The management team may use derivative instruments such as futures, options and forward foreign exchange and notably in these market categories: interest rates, government bonds, stock exchange indices, currencies, etc. Total return swaps, or other derivative financial instruments which have the same characteristics, may also be used.
Derivatives are used for the purpose of (long or short) exposure, hedging or arbitrage.
Benchmark: €STR (Euro Short Term Rate) Capitalized.
The fund is managed actively and the investment process includes the reference to a benchmark.
Use of the benchmark:
- to calculate the performance fee for some share classes,
- for performance comparison purposes.
Over the recommended investment term, and in connection with its systematic management, the fund seeks, by investing in the main assets traded, to achieve an absolute performance better than the €STR (Euro Short Term Rate) Capitalized and annualised volatility (indicator of the upward and downward fluctuations of the fund value) of less than 12% under normal market conditions.
Investment Team
Johann MAUCHAND
Senior Fund Manager
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Q&A, Steeve BrumentCTA - Commodity Trading Advisors*: A “trendy” investment?
Steeve Brument, Head of Quantitative Multi-Asset Strategies, Deputy Global Head of Multi-Asset, explains how a strategy invested in futures can deliver performance by harnessing the various market trends. -
Fund Range Information
The Funds Range Information gives you the latest modifications to the Candriam funds range. -
Switzerland - Communication to stakeholders
In the context of the change of our sicav/fcp, please find here the related communications to Switzerland professional or private investors.
Other information
This is a marketing communication. Please refer to the prospectus of the funds and to the key information document before making any investment decision. This marketing communication does not constitute an offer to buy or sell financial instruments, nor does it represent an investment recommendation or confirm any kind of transaction, except where expressly agreed. Although Candriam selects carefully the data and sources within this document, errors or omissions cannot be excluded a priori. Candriam cannot be held liable for any direct or indirect losses as a result of the use of this document. The intellectual property rights of Candriam must be respected at all times, contents of this document may not be reproduced without prior written approval.
Warning: Past performance of a given financial instrument or index or an investment service or strategy, or simulations of past performance, or forecasts of future performance does not predict future returns. Gross performances may be impacted by commissions, fees and other expenses. Performances expressed in a currency other than that of the investor's country of residence are subject to exchange rate fluctuations, with a negative or positive impact on gains. If the present document refers to a specific tax treatment, such information depends on the individual situation of each investor and may change.
In respect to money market funds, please be aware that an investment in a fund is different from an investment in deposits and that the investment’s principal is capable of fluctuation. The fund does not rely on external support for guaranteeing its liquidity or stabilizing its NAV per unit or share. The risk of loss of the principal is borne by the investor.
Candriam consistently recommends investors to consult via our website https://www.candriam.com the key information document, prospectus, and all other relevant information prior to investing in one of our funds, including the net asset value (“NAV) of the funds. Investor rights and complaints procedure, are accessible on Candriam’s dedicated regulatory webpages https://www.candriam.com/en/professional/legal-information/regulatory-information/. This information is available either in English or in local languages for each country where the fund’s marketing is approved.
According to the applicable laws and regulations, Candriam may decide to terminate the arrangements made for the marketing of a relevant fund at any time.
Information on sustainability-related aspects: the information on sustainability-related aspects contained in this communication are available on Candriam webpage https://www.candriam.com/en/professional/sfdr/. The decision to invest in the promoted product should take into account all the characteristics or objectives of the promoted product as described in its prospectus, or in the information documents which are to be disclosed to investors in accordance with the applicable law.Notice to investors in Switzerland: The information provided herein does not constitute an offer of financial instruments in Switzerland pursuant to the Swiss Financial Services Act ("FinSA") and its implementing ordinance. This is solely an advertisement pursuant to FinSA and its implementing ordinance for financial instruments.
Swiss representative: CACEIS (Switzerland) SA, Route de Signy 35, CH-1260 Nyon. The legal documents as well as the latest annual and semi-annual financial reports, if any, of the investment funds may be obtained free of charge from the Swiss representative.
Swiss paying agent: CACEIS Bank, Paris, succursale de Nyon/Suisse, Route de Signy, 35, CH-1260 Nyon.
Place of performance: Route de Signy 35, CH-1260 Nyon.
Place of jurisdiction: Route de Signy 35, CH-1260 Nyon.