Monthly Update: December 2015
With the final whistle blown on 2015 trading, here is the year's scorecard for the Aphilion funds. Our funds have proven yet again that our methodology is able to generate stable outperformance (alpha, with or without beta), with a high repeatability of past performance.
Our global long only UCITS fund Aphilion Q² - Equities managed to limit losses to 2.6% in December, outperforming the MSCI World Index (in euro) by almost 2% (-4.5%). In the fourth quarter, the fund rose by 8.3%, and over the course of 2015, the fund returned almost 10% (+9.8%). In 11 of the past 14 years, the fund has outperformed "the market", this time by a modest 1.5%. The overall average annualized outperformance (since inception in december 2001) now stands at 5.8%.
Aphilion Q² - Balance capped the year with a strong performance in December: +1.7%, bringing the NAV to 105€. The return of 2015 was realised with an average net long bias of less than 20%. This gives Balance a much lower risk and volatility profile than a 'traditional' equity investment, while fully maintaining the possibility to enjoy the outperformance of the Q² stock-selection. This approach of improved downside protection and great resilience to market volatility is particularly interesting in days like the first trading days of 2016...
More numbers and information can be found in our latest factsheets, available by clicking on the charts; or on our website for the Q² funds andwww.aphilion.com/SIF for our offering to well informed investors only. And don't hesitate to contact us, should you want more detailed information.
We wish you a healthy and prosperous new year,