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Risk Considerations
  1. The Fund is actively managed and invests mainly in a diversified portfolio of shares of large and medium sized “blue chip” companies in the United States.
  2. Investment in the Fund involves risks, including general investment risk, equity market risk, risks associated with depositary receipts, geographic concentration risk, small and mid-capitalisation shares risk, exclusion criteria risk and style risk which may result in loss of a part or the entire amount of your investment. 
  3. The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.
  4. The value of the Fund can be volatile and could go down substantially.
  5. Investors should not invest in the Fund solely based on this website.

 

Investment involves risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

SICAV
US Blue Chip Equity Fund
Seeks to increase the value of its shares, over the long term, through growth in the value of its investments.
ISIN LU0133085943
FACTSHEET
KFS
30-Nov-2023 - Paul Greene, Portfolio Manager,
While many market participants believe that the US Federal Reserve (Fed) is at the peak of its policy-tightening cycle, and some are expecting rate cuts in the not-so-distant-future, we are exercising caution. We maintain some defensive positioning given the potential lagged effect of tighter monetary policy and the Fed overshooting its intended target.

Overview
Strategy
Fund Summary
Actively managed and invests mainly in a diversified portfolio of shares of large and medium sized “blue chip” companies in the United States.
Performance - Net of Fees
30-Nov-2023 - Paul Greene, Portfolio Manager,
We remain satisfied with how the portfolio is structured; there were no material changes to positioning during the month. While many investors are speculating that continued disinflation trends and resilient economic growth could result in a soft landing, with rate cuts to follow in 2024, we continue to exercise caution and maintain some defensive posturing. In addition to traditional defensive exposure, we would note that given the relative strength in fundamentals for many of our mega-cap technology holdings, this sleeve of the portfolio could provide some underappreciated downside support if that market begins to fall again.

Disclosure on Vendor Indices can be found here.