It was a strong first half of the year for global markets despite rising interest rates and a banking turmoil. Consequently, the Ancoria Funds have been performing exceptionally well. Here are the second quarter highlights.
USA Fund
Ancoria’s best performing fund for the first half of the year was the USA fund that generated 25.16% in SEK (18.40% in EUR).
The fund aims to generate long-term capital growth through exposure to the USA equity market by investing in equities and equity funds. The fund may also invest in equity securities domiciled in countries other than the USA but which carry out their business activities predominantly in the USA.
Europe Fund
The Europe Fund returned 12.96% in EUR (19.46% in SEK) in the first half of the year.
The fund aims to generate long-term capital growth through exposure to the European equity market by investing in equities and equity funds. The fund may also invest in equity securities domiciled in countries outside of Europe but which carry out their business activities predominantly in Europe.
Ancoria 3-Yr SEK Autocall 3.25% Guaranteed Coupon| Autocalled 09.06.2023
The Structured Fund, denominated in SEK, was autocalled one year after its start date, as the OMX Stockholm 30 Index closed on the observation date well above the initial strike level. Investors received their initial investment amount plus an additional cash amount equivalent to a net return of 3.25%.
Launch of a new structured fund in Swedish krona with conditional coupon 9% per annum
The new Ancoria 4-Year SEK Autocall 9% Fund gives policyholders the opportunity to earn an attractive gross return of 9% per annum with a yearly early redemption feature as well as conditional capital guarantee at maturity, depending on the performance of the OMX Stockholm 30 Index. The Fund is now closed for subscriptions.