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 ↓
12.04 %Since inception
112.19€
Net asset value* as at 2025-01-16
0.11 %
Daily valuation
- YTD
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- -0.03%
- 1.70%
- 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: 12/31/2024
Comments of the asset managers
While rumors of the Bond Vigilantes return due to the delicate fiscal positions of countries like the United Kingdom, France, or the United States, among others, we believe that the strengthening of the dollar does not adequately fit into this narrative. In the U.S. case an oasis of growth in a world that is languishing and despite its weak fiscal position long term rates are instead converging toward the nominal growth levels of an economy on steroids (±5%), with the resulting steepening of the yield curve. This again presents an opportunity to invest in the U.S. curve, now that the presidential race is over, in a world where consensus is becoming less and less attractive given the high asymmetry of potential returns.
During December, we continued to take profits on higher beta credit positions, such as subordinated and CoCo bonds. We also increased our liquidity buffer to around 30% and took the opportunity to initiate hedges on the long end of the U.S. curve, allowing us to cushion a possible correction in long term rates up to 5%.
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 – 33 concecutive months maximum AAA rating by Citywire
Partner. Investment Director. Member of the Investment Committe
MORE INFORMATION ↓
Personal information
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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.
