IE000979OT00
EUR
26,667,360.00 EUR
MSCI EMU
Article 8
98.77 EUR
As of: 07/25/2024
The investment objective of the AI-Enhanced Eurozone Equities UCITS ETF is to generate a risk-controlled excess return compared to a passive investment in Eurozone equities (benchmark: MSCI EMU Index).
The investment strategy of the AI-Enhanced Eurozone Equities UCITS ETF is based on a holistic AI equity selection model developed by Ultramarin. The model forecasts the monthly excess return for each stock in the investment universe. The forecasts are regenerated monthly and incorporated into the quantitative portfolio construction process. An optimal portfolio is constructed based on the AI predictions and a global fundamental risk model; the expected return is maximized subject to constraints. The tracking error is aimed to be limited to 2% and the active sector weightings to 2.5%.
Investment Manager / Management Company
Baader Bank AG / Carne Global Fund Managers (Ireland) Limited
Inception date
06/27/2024
Custodian / Fund Administrator
The Bank of New York Mellon SA/NV (Dublin Branch) / BNY Mellon Fund Services (Ireland) DAC
Total expense ratio [TER]
65 Bp
Fund domicile
Ireland
Listing
Germany
SEDOL
BN7DQJ3
WKN
A2PEPM
Contact
ams@baaderbank.de
Ultramarin Capital GmbH, Liebigstraße 22, 80538 Munich, acts as a tied agent (Section 3 (2) WpIG) on behalf of, in the name of, for the account of and under the liability of the responsible liability holder BN & Partners Capital AG, Steinstraße 33, 50374 Erftstadt. BN & Partners Capital AG is licensed by the German Federal Financial Supervisory Authority (BaFin) pursuant to Section 15 WpIG to provide investment advice pursuant to Section 2 (2) No. 4 WpIG and investment brokerage pursuant to Section 2 (2) No. 3 WpIG.
The information contained on this website and the documents made available for download or linked (hereinafter collectively referred to as "the Information") have been prepared by Ultramarin Capital GmbH (hereinafter referred to as "Ultramarin") and are intended exclusively for eligible counterparties and professional clients. They are therefore not suitable for private clients.
The information is based on generally available information which Ultramarin believes to be reliable. However, Ultramarin has not verified the accuracy and completeness of the information and makes no warranties or representations as to the accuracy and completeness of the information or the statements, estimates, recommendations, and forecasts contained therein. Any incorrect or incomplete information, statements, estimates, recommendations, and forecasts shall not give rise to any liability on the part of Ultramarin, its shareholders or employees for damages or other disadvantages of any kind arising from or in connection with their use.
The information does not constitute an offer or an invitation to submit an offer to purchase securities, other financial instruments, or other investment instruments. The information is also not geared to the specific investment objectives, financial situations or needs of the recipients and does not constitute individual investment advice. By preparing and publishing this information, Ultramarin is not acting as an investment advisor or portfolio manager. The recipients of this information should make their own investment decisions based on independent procedures and analyses, using the official sales documents (Key Investor Information Document ("KIID"), sales prospectus, annual and semi-annual report) and, if necessary, with the help of an independent financial advisor in accordance with their specific financial situation and investment objectives. The sales documents are available free of charge from the relevant financial advisor, intermediary, management company, depositary, or custodian bank.
When making their decision, recipients must bear in mind that past performance data cannot be regarded as an indication of future performance and should therefore not be used as a basis for deciding whether to invest in financial instruments.
The information, statements, estimates, recommendations, and forecasts contained on this website reflect the independent opinion of the author about the financial instruments or issuers presented at the time of publication and do not necessarily reflect the opinion of Ultramarin, the issuer or third parties. They may change because of future events and developments. Ultramarin is not obliged to amend, supplement, or update the information or to inform the recipients in any other way if the information, statements, estimates, recommendations and forecasts contained on this website should change or later prove to be incorrect, incomplete or misleading.
Where the information contains model calculations, these are exemplary calculations of possible developments based on various assumptions (e.g. earnings and volatility assumptions). Actual performance may be higher or lower depending on market developments and the occurrence of the assumptions on which the model calculations are based. Therefore, the actual development cannot be guaranteed, warranted, or assured.
The information contained on this website is provided for information purposes only and may not be copied, reproduced or passed on to other persons or otherwise published in whole or in part without the prior written consent of Ultramarin. Any existing copyrights and rights of use to the information, including in electronic media, remain with Ultramarin. Where Ultramarin provides hyperlinks to Internet pages of other companies, this does not mean that Ultramarin confirms, recommends, or guarantees data on the linked pages or data that can be accessed from these pages. Ultramarin accepts no liability for links or data, nor for any consequences that may arise from the use of the link and/or use of this data.
Ultramarin also points out that neither the information contained on this website nor copies thereof may be made available in countries or made accessible to persons in such countries where this is prohibited by law. Persons to whom this information is made available are obliged to inform themselves about such restrictions and to comply with local laws. In particular, the information may not be made available to US persons, nor may it be handed over to them or distributed in the USA.