Emphasis is put on identification of events or triggers that might strengthen the investment case at the sector or single stock level. An embedded part of the investment process is the identification of appropriate hedging strategies that are applied to reduce market risk. The Spectrum CIS Value Fund builds on the same investment platform in terms of top-down sector allocation, but in this strategy more emphasis is put on bottom-up stock selection.
MK: Our risk management approach is different for the two funds. Within that product we place concentrated bets within certain industry sectors following a top-down approach, so diversification of the portfolio is not a primary objective of the fund. The fund typically has 40 to 45 positions with a 10 per cent limit for a single stock exposure in the portfolio. Maximum leverage is capped at 25 per cent while hedging of the portfolio is not a pivotal element of the strategy.
Both funds started the new year well with net returns for the first two months of of 9. These results correspond to our previous track record of consistent performance, which saw both our products in the top quartile of their respective peer groups.
We have a track record of managing various strategies in the Russian and CIS equity space ranging from long-only to absolute return. MK: One of our most preferred investment themes this year is the Russian power utilities sector, which is enjoying strong reform momentum as well as a significant recovery in electricity consumption and prices, boosting margins and earnings.
We also favour Russian fixed-line telecoms firms, which are set to make major efficiency gains as evidenced by financials ahead of the Svyazinvest reorganisation. Additionally, we seek to exposure to bulk commodities producers across the CIS that are set to benefit from structural market deficiencies and strong production growth potential.
MK: Russian and CIS equities had a good run last year, recovering some of the heavy losses that the markets suffered in We believe that the coming year is going to be more challenging with a broader market being most probably range-bound. We expect further easing of capital markets with Russian and CIS issuers tapping both debt and equity markets in What is Undetectable?
At Spectrum Medical we accept most major insurance plans. Here is a short-list of just some of the most popular plans we accept. Please contact our office if you do not see your insurance provider listed. Vanig and his staff are about the best there are! Wonderful and friendly people who do their best for their patients everyday. Vanish and he treated her great and took his time with her.
Sometimes doctors rush you but he was thorough. About Spectrum Medical Spectrum Medical is a leading provider of medical care for LGBTQ, straight, and non-binary patients throughout the Phoenix, AZ region, offering comprehensive, state-of-the-art preventive care and medical treatments in a welcoming and inclusive atmosphere designed to build trust.
Will be back soon for my annual physical exam. Request a prospectus or a summary prospectus prior to investing to review objectives, risk, fees, expenses, and other info by calling Spectrum Financial, Inc. Advisors Preferred and Ceros are commonly held affiliates.
Spectrum Financial, Inc. Fact Sheet Commentary Prospectus. With respect to these Nontraditional Bond funds , Spectrum Low Volatility Fund received a 5-Star rating overall and a 5-Star rating for 3 years, and a 5-Star rating for 5 years. Past performance is no guarantee of future results. With respect to these Tactical Allocation funds , Spectrum Advisors Preferred Fund received a 5-Star rating overall and a 5-Star rating for 3 years, and a 5-Star rating for 5 years.
Ralph Doudera, Founder and Lead Portfolio Manager, explains how he and his team evaluate the markets for the best risk adjusted exposure.
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