Cervino

A fund in which partners and employees invest.

Available as well for clients interested in investing in a fund with a long-term view, pursuing equities like returns but with lower volatility.

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Pareturn VARIANZA Cervino World Investments

Pareturn VARIANZA Cervino World Investments (“Cervino”) seeks to offer investors a long-term capital appreciation. The fund invests in different markets and types of assets, with a predominance in equities, with exposure ranging between 40% and 100%. Given its long-term horizon, the fund can take on a medium-high market risk in the short term.

ISIN
LU1860979399
Bloomberg ID
PACWIRB LX
Min. Investment
10 €
Management Fee
1,50%
Performance Fee
Not Applicable
Traspaso Elegible
Yes
ISIN
LU0907323314
Bloomberg ID
PACWIEP LX
Min. Investment
2.000.000 €
Management Fee
0,55%
Performance Fee
10% of return if annual return > Euribor + 6%
Traspaso Elegible
Yes
Investment Manager
Varianza Gestión SGIIC SA
CNMV Registry
250
Custodian / TA
BNP Securities Services
Administrative Agent
BNP Fund Services
Auditor
Deloitte Luxembourg

Return

Return
Selected
Inception
1M
3M
6M
1Y
YTD
Pareturn Cervino
169,0%
4,2%
4,4%
9,1%
12,7%
5,9%
Equities
272,3%
5,9%
7,9%
17,9%
15,5%
11,0%
Benchmark Euribor + 6%
168,2%
0,8%
2,5%
5,0%
10,2%
3,8%
Returns since inception 10/22/2008
CERVINO
Equity*
Benchmark Euribor + 6%
Accumulated
169,0%
272,3%
168,2%
Annualized
6,6%
8,8%
6,5%

* MSCI Daily Net TR Europe

Past performance is not indicative of future results

Risk

Return

Risk/Return since inception 10/22/2008
CERVINO
Equity*
Annual return
6,6%
8,8%
Volatility
12,5%
17,9%
Sharpe Ratio
0,52
0,49

Volatility

Best returns since inception
CERVINO
Equity*
1 Month
19,1%
19,4%
6 Months
36,1%
51,0%
12 Months
62,9%
64,5%

Sharpe Ratio

Worst returns since inception
CERVINO
Equity*
1 Month
-33,9%
-35,0%
6 Months
-29,5%
-28,6%
12 Months
-28,8%
-24,3%

* MSCI Daily Net TR Europe

Past performance is not indicative of future results

Responsible and Sustainble Investing

We draw on our responsible and fiduciary principles and our commitment to constant improvement and have a dynamic view on ESG issues. Cervino promotes companies with strategies that aim at improving their environmental footprint, respect for Human Rights, and companies that are ESG improvers. The fund has a commitment to maintain a VARIANZA Score higher than 50 for 50% of holdings and higher than 50 for the fund.

Article 8 Fund, mínimum 5% Taxonomy Alingment.

VARIANZA SCORE

VARIANZA Score Total:
76,6%
Holdings with Score>50:
91,7%
VARIANZA Score Quantitative:
79,6%
Holdings with Score>50:
91,7%
VARIANZA Score Qualitative:
71,5%
Holdings with Score>50:
83,3%

* VARIANZA Score: 50% Quantitative (External Rating), 50% Qualitative: KPIs + qualitative analysis.

EXTERNAL RATINGS

Sustainability rate Sustainability rate Sustainability rate Sustainability rate inactive Sustainability rate inactive

Are you interested?

If you want to invest in CERVINO you can do so by providing the data shown at the top (Name and ISIN) to your bank.Nevertheless, if you need any assistance with the process please contact us.

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