AMG Schweizer Perlen
Fund size CHF 16.4 Mio.
Past performance is not a reliable indicator of future performance. Please note that the aforementioned performance is shown in the fund currency CHF (Swiss franc) and not Euro and therefore currency influences in investment currencies other than the fund currency are not taken into account in the performance shown.
The equity fund invests in Swiss companies from the small & mid-cap segments. Mid-cap companies are the core weighting of investments, whereby the fund invests both in value and, to a greater extent, in growth stocks. The investment portfolio consists mainly of shares in quality companies, supplemented by opportunity values such as turnaround or takeover candidates. The profound in-house analysis expertise enables us to actively realize investment opportunities that arise along the market cycles. This fundamental bottom-up approach results in a dynamic portfolio of leading Swiss small & mid-caps.
Portfolio Management
- Eduardas Lazebnyj
-
Investment Manager
Quality Swiss Equities - +41 (41) 726 71 71
- Patrick Hofer
-
Investment Manager
Serafin Innovation Hub / Quality Swiss Equities - +41 (41) 726 71 76
Portfolio Management
- Eduardas Lazebnyj
-
Investment Manager
Quality Swiss Equities
- Patrick Hofer
-
Investment Manager
Serafin Innovation Hub / Quality Swiss Equities
Learn more about the ESG fund classification
Sustainability / ESG
Brief profile:
AMG Schweizer Perlen
Invest in growth-oriented Swiss companies. We are your pearl divers!
Publications
TWO PAGER | AMG SCHWEIZER PERLEN
Publications
TWO PAGER | AMG SCHWEIZER PERLEN
Breakdown by sectors
Comment September 2024
Following the conclusion of the earnings season and the release of the latest inflation data, the market’s focus shifted to the Federal Reserve. Anticipations had built around a potential pivot in September, although uncertainty lingered over whether the adjustment would involve one or two steps given the new economic indicators. The Fed responded with a notable 50 basis point rate cut, marking the formal start of the US monetary easing cycle. The Fed remains predictable, which is a positive for the markets. Pressure may now mount on the SNB to cut rates in the coming weeks to alleviate the impact of the strong Swiss franc on Swiss export-oriented companies. The Fed’s aggressive cut has spurred positive market sentiment in equity markets but for Swiss firms, it could mean a strengthening of the franc, creating more headwinds.
ALSO Holding continues to make strides, completing three acquisitions in the Czech Republic and Slovakia, expanding its regional market share to CHF 3 billion. Belimo, at its capital day, announced a strategic realignment to capitalize on the growing demand for data centers, spurred by the AI-driven expansion in digital infrastructure. Demand for advanced cooling solutions has increased as data center chips surpass 100 kW per rack in power density. Belimo focuses on innovative technologies such as rear door cooling and immersion cooling, enabling more efficient thermal management in these energy-intensive facilities. The company foresees robust growth in this sector and disclosed projects during the Investora fair. VAT Group announced plans to expand its production capabilities by constructing a new factory in Romania. Huber+Suhner has demonstrated considerable progress in its evolution from a component supplier to a comprehensive systems provider. Leveraging its core competencies and making key acquisitions like Polatis, the company has successfully set itself apart from the competition. Its Polatis optical switch is gaining traction in the data center market, with significant production scaling expected by 2026. Although the company faces challenges in automotive and mobile communications, its focus on aerospace, defense, and data centers is expected to drive medium- to long-term growth.
ESG implementation:
We take ESG aspects into account in the financial analysis and investment decision-making process, applying a combination of exclusion criteria and ESG integration approach in the investment process. The abbreviation ESG stands for "Environmental - Social - Governance".
For the analysis within the sustainability approach, we rely on data from selected third-party providers and, if necessary, on our own analyses. The analysts and portfolio management teams are responsible for both the financial analysis and the ESG analysis. In this way, we ensure that the assessment and implementation are carried out on a recurring basis by the decision-makers in the respective fund as part of a comprehensive and integrated investment process.
In our investment process, we do not per se exclude investments in companies with weaker ESG ratings: Companies that address the issue of sustainability convincingly and consistently can be interesting portfolio companies.
Latest ESG reporting:
- Classification with regard to U.N. Global Compact Ten Principles:
All portfolio companies in the fund comply with the U.N. Global Compact Ten Principles. - Current portfolio structure using the ESG Risk Rating (by Sustainalytics):
The above fund is a financial product within the meaning of Article 8 of Regulation (EU) 2019/2088 (Disclosure Regulation).
For more information on the fulfillment of environmental and/or social characteristics, please refer to the fund prospectus.
| Domicile of fund | Liechtenstein |
|---|---|
| Legal form | Collective Trust (UCITS) |
| Investment universe | Small & Mid Caps Switzerland |
| Investment manager | Serafin Asset Management Ltd, Zug |
| Management company | LLB Fund Services AG, Vaduz |
| Custodian bank | Liechtensteinische Landesbank AG, Vaduz |
| Launch date | 30.11.2007 |
| Recommended investment horizon | 5 years |
| Reference currency | CHF |
| ISIN / Bloomberg-Ticker | LI0033242210 / MCSEESP LE |
| Distributions | accumulating |
| Subscription and redemption | daily (cut-off 09.00 CET) |
| Tax transparency | CH, AT |
| Tax status Germany | Equity fund pursuant to InvStG with partial exemption |
| Registered for public distribution | CH, DE, LI |
Gebührenstruktur
| Subscription and redemption fee | max. 5.00% / none |
|---|---|
| Management fee p.a. | 1.00% |
| Total expense ratio p.a. (per 30.06.2023; TER) | 1.33% |
| Duration | Fund |
|---|---|
| 1 month | -1.8% |
| 3 months | -2.0% |
| 12 months | 15.4% |
| 3 years p.a. | -6.0% |
| 5 years p.a. | 5.3% |
| since inception p.a. | 4.9% |
| Year | |
| 2024 | 0.8% |
| 2023 | 8.5% |
| 2022 | -26.1% |
| 2021 | 21.7% |
| 2020 | 21.4% |
| since inception | 60.2% |
Risk ratios (rolling over the last 3 years)
| Volatility (p.a.) | 20.1% |
|---|---|
| Sharpe ratio (0.73% Risk free rate) | n/a |
| Beta (vs. SPI Small & Mid Cap TR Index) | 1.29 |
The gross performance takes into account the costs incurred at fund level (e.g. management fee) without including the costs incurred at investor level (e.g. front-end load and custody fees). The net performance also takes into account an initial sales charge of 0.00% in the first period under review.