Assets invested in Parvest Enhanced Cash 6 Months have reached EUR 2 billion1 thanks to the fund’s ability to meet clients’ needs for attractive returns in uncertain markets and the convincing performance by its management team.
This presents a new milestone for the fund which offers investors an appealing enhanced cash strategy. It has been actively marketed for only two years now after starting off with an initial amount of assets under management (AUM) of around EUR 200 million.2
We believe this enhanced cash strategy perfectly tackles the challenge faced by many investors to earn an adequate return in a persistently low-yield environment. In such a context, holders of cash are increasingly switching to enhanced cash products as they seek to avoid paying deposit costs (‘a negative interest rate’) of -0.40%.3
1/ A convincing track record and consistent performance (full-year return in 2016: +0.70% against an EONIA return of -0.32%)4
2/ Aiming to deliver a positive performance over any rolling investment period longer than six months, while ensuring capital preservation and stability
3/ Transparent and reasonable fee schedule which takes into account the low interest-rate environment. For the benefit of clients, overall fees were cut several times in 2016
5/ A flexible approach with duration ranging from -1 to +2; it is currently at 1 year; duration can go negative to protect performance should a policy interest-rate rise be anticipated5
6/ Flexible approach using a wide range of euro-denominated fixed-income and money market instruments