Miralta

Sequoia Fixed Income

Strength and flexibility
for growth.

The merger with Miralta SICAV will soon be completed as indicated in the following link

With a global and flexible approach, our fixed-income fund aims primarily to maximise returns while ensuring minimum risk and volatility. We develop an active strategy and risk management to benefit from interest rate and credit curve term structure inefficiencies. Our investment process employs innovative technology to enhance the cognitive capabilities of our global macro approach. Its prospectus is flexible enough to address multiple scenarios in the fixed income universe and OECD countries, both corporate and government, while maintaining a flexible duration (0-10 years), which can even be negative. Sequoia promotes sustainability through its own ESG criteria, excluding certain sectors, companies and countries whose stocks do not meet these criteria.

CLASS A

PERFORMANCE ↓

9.71 %

Since inception

109.852063€

Net asset value* as at 2024-02-29

0.27 %

Daily valuation

  • YTD
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • -0.45%
  • 9.33%
  • -4.95%
  • 0.49%
  • 8.60%
  • 2.48%
  • - 4.89%

DETAILS OF THE FUND ↓

EVOLUTION OF THE NET ASSET VALUE

Miralta Sequoia A Diciembre 2023 ENG

*Data correct as: 31/01/2024

Comments of the asset managers

December has continued the good tone of the previous month leading to fund returns of 2.74% for the month and 9.33% for the year. Despite this, the year behind us has been a complicated one from a management point of view due to the risk events caused by one of the biggest monetary policy tightenings in living memory. After weathering the banking crisis at the beginning of the year, we had to deal with long-term rates in the US at 5%. Despite the difficulties, the fund has managed to return close to 15%, similar to the post-COVID recovery, from the lows set in October 2022.

Throughout the month we took profits on the long end of the euro curve, where we found little value anymore. This has reduced duration to the 4-year zone, expecting a possible rate hike towards the end of the year. In terms of currencies, we have increased our exposure to the yen and initiated a position in Norwegian kroner. We continue to maintain a large liquidity cushion of close to 20%, which will allow us to face the wave of new issues that we expect over the coming months in a constructive spirit.

GENERAL INFORMATION

  • GENERAL INFORMATION
  • ISIN Code
  • Launched on
  • Currency
  • Asset class
  • Management fee
  • Deposit fee
  • Minimum investment
  • Depositary
  • Auditor
  • 5209
  • ES0173368004
  • 26/10/2017
  • Euro
  • Monetario, renta fija, gestion
  • 1,05% / 7% éxito
  • 0,10% / 0,075%
  • 1 participación
  • Caceis Bank Spain, S.A
  • Deloitte

CLASS A DETAILS

  • Net asset value* as at 2024-02-29
  • Variation of the net asset value as at 2024-02-29
  • Fund assets as at 2023 2024-02-29
  • BASIC RETURNS
  • 1 day
  • YTD
  • 1 month
  • Since inception
  • 109.852063
  • 0.27%
  • 101,536,233.49€
  •  
  • 0.27%
  • -0.45%
  • -0.52%
  • 9.71%
  •  
  •  

Documentation

(*): The net asset value and other informative documents of the funds available on this website are published in compliance with article 18.2 of the Law on Collective Investment Undertakings under the responsibility of Miralta Asset Management SGIIC, S.A.U., which is responsible for updating and maintaining them.

Data as at EOB 31/12/2023. Source: Miraltabank. The return expressed above is net of fees and expenses. Past performance is not indicative or a guarantee of future returns.

Track record Sequoia ↓

• Expansion | Best Long-Term Fixed Income fund. Awards 2023
• Morningstar | Best fund 3 and 5 years RF Diversified EUR
• VDOS | Rating 5 stars RFI GLOBAL
• Funds People Rating | 2023
• Morningstar | Top 5 2022 Diversified RF EUR
• Morningstar | Top 5 2021 Diversified RF EUR
• Morningstar | Best fund 2020 RF Diversified EUR
• Better Sharpe ratio at 3 and 5 years

Track record manager  ↓

• Citywire – Ignacio Fuertes | Best Fixed Income Manager – Euro 2022
• Citywire – Top 2 managers of 2000 in March. 2023
• Citywire – Top 3 managers of 2000 in Feb. 2023
• Citywire – 21 concecutive months maximum AAA rating by Citywire

Track Record Ignacio Fuertes gestor Sequoia Miralta

Partner. Investment Director. Member of the Investment Committee

MORE INFORMATION ↓

Personal information

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