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The Friends First Compass range of portfolio funds now invests in Concept K, the very successful targeted absolute return fund managed by Deutsche Asset Management. Compass is a range of multi asset, multi manager target risk portfolios. Each portfolio aims to maximise returns but is given set parameters as to how risky they can be. This makes it easier for you to select the right investment to meet your client’s goals.
Friends First’s in-house portfolio team regularly reviews the performance and suitability of each fund manager used within the range.
In the targeted absolute return space the Compass Range has recently invested in the global macro Concept K strategy managed by Deutsche Asset Management. This addition complements the targeted absolute return allocations already held in the Insight Currency Fund managed by Alder Capital and the Multi Strategy Global Bond fund managed by Deutsche Asset Management.
Concept K aims to produce long-term growth and produce a return for investors by investing across a number of different asset classes. An award winning team of dedicated multi-asset specialists, Deutsche Asset Management, ensure the fund is managed in a way that strategic and tactical ideas can be implemented quickly and efficiently. Previously the Compass range invested in the Insight Equity Market Neutral Fund but the returns for this fund had fallen behind the stated performance target. For these reasons the decision was made to divest the funds from the Insight Equity Market Neutral fund and to re-invest the proceeds into Concept K.
Friends First launched Concept K in Ireland on May 5th 2016. Since then it has been a difficult time for target absolute return strategies as markets have been hit with significant ‘shock’ events such as the result of the Brexit vote in the UK and the election of Trump as US president. However, Concept K has managed to navigate market twists and turns during this time.
The Concept K fund performance since launch is currently at 9.02%. The fund invests in the Deutsche Asset Management Concept Kaldemorgen fund; a well-established strategy with a proven track record. This underlying strategy has an impressive six year track record delivering strong returns whilst controlling volatility.
Our portfolio funds are available across the Friends First suite of Pension, Approved Retirement Funds (ARF), Approved Minimum Retirement Funds (AMRF) and Savings and Investment products.
Source: FE 23/08/2017
This article is for Financial Broker use only.
The funds referred to on this page may be linked to an insurance-based investment product and the Key Information Document (KID) for this product is available at www.friendsfirst.ie/kids. The Risk Ratings of the funds referred to in this document differ from the corresponding Summary Risk Indicators shown in the KID. An explanation of the differences between the Risk Rating and the Summary Risk Indicator is available at the location above.
Warning: If you invest in this product, you may lose some or all of the money you invest.
Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment can go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.