AMG Schweizer Perlen

Performance YTD 2.1% (as of 13 June 2024)
Fund size CHF 18 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.

Facts & Figures Current monthly report (PDF) Current monthly report (PDF) 

Portfolio Management

Ronald Wildmann

Investment Manager
Quality Swiss Equities
+41 (41) 726 71 62

Patrick Hofer

Investment Manager
Serafin Innovation Hub / Quality Swiss Equities
+41 (41) 726 71 76

Portfolio Management

Ronald Wildmann

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

TWO PAGER | AMG SCHWEIZER PERLEN

Download now (PDF)

Publications

TWO PAGER | AMG SCHWEIZER PERLEN

TWO PAGER | AMG SCHWEIZER PERLEN

Download now (PDF)
Facts & Figures
Portfolio allocations

Breakdown by sectors

Top 10
Monthly comment

Comment May 2024

While the reporting season is now more or less over, economic data is once again coming to the fore. The growth outlook in the eurozone and the USA improved in May, according to the preliminary results of the purchasing managers' surveys. The rise in yields on the bond markets harmed the equity markets in the second half of the month under review. Hopes that the US Federal Reserve could cut interest rates as early as the summer are increasingly fading among investors. Nvidia's positive results led to a rise in the share prices of the few technology companies on the Swiss stock market that are associated with AI applications. VAT supplies vacuum valves and motion components, Inficon sensors and software for process control, and Comet plasma control and X-ray technology. All three produce highly specialized components for semiconductor manufacturing. AI applications also offer a significant opportunity for ALSO and its Cloud Marketplace to expand the addressable market, as new hardware/infrastructure, service components, and software will be required. There is potential for various AI categories (video, office, design, programming) as well as for protection against cyber-attacks. AMS Osram announced that it has sold its passive optical components business. This step is part of the strategic efficiency program, which aims to focus on the profitable core for sustainable growth. lastminute.com delivered first-quarter results in line with expectations. The lower revenue reflects Ryanair's restrictions on online travel agencies (OTAs) and lastminute.com's strategy to focus on more profitable dynamic vacation packages. In contrast, adjusted EBITDA was maintained. The company reiterated that the second quarter has started well and confirmed its guidance. LEM reported on the 4th quarter of the financial year. In this reporting quarter, business in China declined significantly and LEM lost market share in the highly competitive e-mobility and renewable energy sectors. The ongoing destocking by many customers, particularly in renewable energies and automation, is one factor slowing the company down.

Sustainability

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.
 


Brief profile
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%
Performance overview and key figures
Duration Fund
1 month -0.2%
3 months -0.9%
12 months -0.9%
3 years p.a. -5.1%
5 years p.a. 6.6%
since inception p.a. 5.3%
Year
2024 2.1%
2023 8.5%
2022 -26.1%
2021 21.7%
2020 21.4%
since inception 62.3%

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.

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.

Risk ratios (rolling over the last 3 years)

Volatility (p.a.) 19.7%
Sharpe ratio (0.53% Risk free rate) n/a
Beta (vs. SPI Small & Mid Cap TR Index) 1.31
Rolling performance last 5 years

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.

The content of this website is directed at persons who are resident in Germany or Switzerland or who access this website from Germany or Switzerland.

This website and the information provided on this website shall not constitute an offer to sell or a solicitation to purchase or subscribe any shares or units in the funds mentioned on this website. The key investor information, the prospectus, the annual and semi-annual reports of the funds are published on this website to comply with statutory requirements.

Subscriptions will only be received and shares or units in the funds issued on the basis of the most recent key investor information and the contractual conditions set out in the prospectus in conjunction with the most recent annual and/or semi-annual report of the fund.

A financial investment is associated with risks. The value of a fund unit/share or investment, as well as the income derived from it, may be subject to fluctuations and are not guaranteed. The investor may not get back the full amount invested. Past performance is not indicative of future performance that may be expected.

The following information is general in nature and is not and may not be construed as constituting investment advice or any form of recommendation by Serafin Asset Management. Prior to any potential investment users should carefully consider the suitability of the investment for their individual circumstances and personal perspectives and should consult their tax, legal, financial, investment or other advisor.

For website visitors located in Germany: Please note the additional legal notices and the privacy policy.

For website visitors located in Switzerland: Please note legal information and the privacy policy as well as the information obligations (FINSA).

Any person who is a U.S. person (as such term is defined in Regulation S under the U.S. Securities Act of 1933) is not eligible to invest in the investment funds indicated on this website. I hereby certify that I am neither a citizen nor a resident of the United States of America and that I do not have a place of business in the United States of America and, in particular, that I am not a U.S. person (as such term is defined in Regulation S under the Securities Act of 1933).

The content of this website is directed at persons who are resident in Germany or Switzerland or who access this website from Germany or Switzerland.

This website and the information provided on this website shall not constitute an offer to sell or a solicitation to purchase or subscribe any shares or units in the funds mentioned on this website. The key investor information, the prospectus, the annual and semi-annual reports of the funds are published on this website to comply with statutory requirements.

Subscriptions will only be received and shares or units in the funds issued on the basis of the most recent key investor information and the contractual conditions set out in the prospectus in conjunction with the most recent annual and/or semi-annual report of the fund.

A financial investment is associated with risks. The value of a fund unit/share or investment, as well as the income derived from it, may be subject to fluctuations and are not guaranteed. The investor may not get back the full amount invested. Past performance is not indicative of future performance that may be expected.

The following information is general in nature and is not and may not be construed as constituting investment advice or any form of recommendation by Serafin Asset Management. Prior to any potential investment users should carefully consider the suitability of the investment for their individual circumstances and personal perspectives and should consult their tax, legal, financial, investment or other advisor.

For website visitors located in Germany: Please note the additional legal notices and the privacy policy.

For website visitors located in Switzerland: Please note legal information and the privacy policy as well as the information obligations (FINSA).

Any person who is a U.S. person (as such term is defined in Regulation S under the U.S. Securities Act of 1933) is not eligible to invest in the investment funds indicated on this website. I hereby certify that I am neither a citizen nor a resident of the United States of America and that I do not have a place of business in the United States of America and, in particular, that I am not a U.S. person (as such term is defined in Regulation S under the Securities Act of 1933).

The content of this website is directed at persons who are resident in Germany or Switzerland or who access this website from Germany or Switzerland.

This website and the information provided on this website shall not constitute an offer to sell or a solicitation to purchase or subscribe any shares or units in the funds mentioned on this website. The key investor information, the prospectus, the annual and semi-annual reports of the funds are published on this website to comply with statutory requirements.

Subscriptions will only be received and shares or units in the funds issued on the basis of the most recent key investor information and the contractual conditions set out in the prospectus in conjunction with the most recent annual and/or semi-annual report of the fund.

A financial investment is associated with risks. The value of a fund unit/share or investment, as well as the income derived from it, may be subject to fluctuations and are not guaranteed. The investor may not get back the full amount invested. Past performance is not indicative of future performance that may be expected.

The following information is general in nature and is not and may not be construed as constituting investment advice or any form of recommendation by Serafin Asset Management. Prior to any potential investment users should carefully consider the suitability of the investment for their individual circumstances and personal perspectives and should consult their tax, legal, financial, investment or other advisor.

For website visitors located in Germany: Please note the additional legal notices and the privacy policy.

For website visitors located in Switzerland: Please note legal information and the privacy policy as well as the information obligations (FINSA).

Any person who is a U.S. person (as such term is defined in Regulation S under the U.S. Securities Act of 1933) is not eligible to invest in the investment funds indicated on this website. I hereby certify that I am neither a citizen nor a resident of the United States of America and that I do not have a place of business in the United States of America and, in particular, that I am not a U.S. person (as such term is defined in Regulation S under the Securities Act of 1933).