Miralta SICAV
Miralta Sequoia is a fixed income sub-fund of the open-ended investment company Miralta SICAV incorporated in Luxembourg. Miralta Sequoia has a global and flexible approach, whose main objective is to maximize returns with robust risk and volatility control. We develop active strategy and risk management to take advantage of inefficiencies in the time structures of interest rate and credit curves. The investment process implemented by Miralta Asset Management SGIIC, S.A.U. employs innovative technology to enhance the cognitive capabilities of the global macro approach. The prospectus of the Miralta Sequoia sub-fund is flexible enough to cope with multiple scenarios in the fixed income universe and OECD countries, both corporate and governmental, while maintaining a flexible duration (0-10 years), which can even be negative.
Miralta Sequoia promotes sustainability through its own ESG criteria, excluding certain sectors, companies and countries whose stocks do not meet these criteria.
The information on this website for Miralta Sequoia prior to March 2024 corresponds to the Miralta Sequoia FI fund, which was absorbed by the Miralta Sequoia sub-fund of Miralta SICAV on March 5, 2024. The prospectus and key data of the various share classes of the Miralta Sequoia sub-fund are also published on this website.
CLASS A
PERFORMANCE ↓
12.45 %Since inception
112.6€
Net asset value* as at 2024-10-10
-0.02 %
Daily valuation
- YTD
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2.04%
- 9.33%
- -4.95%
- 0.49%
- 8.60%
- 2.48%
- - 4.89%
**Previous 05/03/2024: data prior to the merger by absorption with Miralta SICAV class A ES0173368004
DETAILS OF THE FUND ↓
EVOLUTION OF THE NET ASSET VALUE LU2638558333
*Data correct as: 09/30/2024
Comments of the asset managers
Fixed income markets have continued their upward trajectory during September, driven by a more aggressive Fed than expected. A labor market showing signs of exhaustion, along with weaker inflation readings—particularly the latest ones in Europe now below the central bank’s target—have helped short-term bonds, steepening the curves of major developed countries. In this environment, following the half-point cut by the Fed, the PBoC has seized the opportunity to dust off its artillery with a dual monetary and fiscal stimulus program. Whether this will be enough to revive the Chinese consumer remains to be seen.
Meanwhile, Powell has signaled to navigators that the Fed may not cut as much as the market discounts, which could affect China’s ability to implement its plans. Given the trajectory of inflation readings, we have slightly increased duration this month to 5.97 years, with a rating of A- and a yield of 5.24%.
GENERAL INFORMATION
- ISIN Code
- Currency
- Address
- Management fee
- Deposit fee
- Minimum investment
- Class A:LU2638558333
- Class C:LU2638558507
- Class F:LU2638558416
- Euro
- Luxembourg
- 1,05% / 7% éxito
- 0,10% / 0,075%
- 100€
GENERAL INFORMATION
- Investment Manager
- Management Company
- Depositary Institution
- Managing Agent
- Auditor
- Miralta Asset Management, SGIIC
- Andbank Asset Management Lux
- Quintet Private Bank (Europe) SA
- European Fund Administration, SA
- Deloitte S.á.r.l.
Documentation
Sustainability
Legal
General
(*): The net asset value and other informative documents of the funds available on this website are published in accordance with article 18.2 of the Law on Collective Investment Institutions under the responsibility of Miralta Asset Management SGIIC, S.A.U., which is responsible for updating and maintaining the same. The sub-fund Miralta Sequoia is a performance of Miralta SICAV managed by Miralta Asset Management SGIIC,S.A.U. The manager of the Miralta SICAV is Andbank Asset Management Luxembourg..
Source: Miraltabank. The performance expressed is net of applicable fees and expenses. Past performance is not a reliable indicator of future results.
(**): Prior to 05/03/2024: data prior to the merger by absorption with Miralta SICAV class A ES0173368004
(***): © 1999 - 2024 citywire.com: Citywire. Ignacio Fuertes is AAA rated by Citywire for his rolling 3 year risk-adjusted performance, for the period monthly.
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 gestor ↓
• Citywire – Top 2 managers of 2000 in Marz. 2023
• Citywire – Top 3 managers de 2000 in Feb. 2023
• Citywire – 30 concecutive months maximum AAA rating by Citywire
Partner. Investment Director. Member of the Investment Committe
MORE INFORMATION ↓
Personal information
OTHER PRODUCTS THAT YOU MIGHT BE INTERESTED IN ↓
MiraltaBank
Narval
A unique equity investment fund. Designed for the long term and specialising in quality companies.
More Information
MiraltaBank
Pulsar I
Our hedge fund (HF), a solution to the complex fixed-income investment scenario.
More Information
MiraltaBank
Pulsar II
New free investment fund (FIL) designed as a strategic solution for both investors and companies.
More Information
Ignacio Fuertes Aguirre
Ingeniero de formación
Ignacio has 20 years of experience in capital markets and trading. Ignacio started his career at Merrill Lynch in London.
Later, he joined Vega Asset Management as head of execution and trader of the Vega Global fund. Prior to founding Rentamarkets (now Miraltabank), he was a manager at the alternative fund manager Próxima Alfa.
