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We believe the classic approach to building a conservative, diversified portfolio with only stocks and bonds could be problematic for the medium term investment horizon.

Since the year 2000, a portfolio heavily weighted toward fixed income with some equities provided a reasonably good overall return, albeit with some volatility. This has largely been driven by loose monetary policy of Central Banks which have pushed interest rates to zero. The equity portion of the portfolio has offered good returns for the same reason.

However, we do not expect bonds to have value going forward as evidenced by the following few examples:

German Bunds

are either yielding negative rates (up to 5 years now) or only slightly positive in the longer part of the curve (0.70 % at 10 year horizon as of June 2015).

Spanish bonds

yield a very low rate of return as well (2% for 10 year bond as of June 2015).

Sub-investment grade bonds

are trading at close to all-time low yields, currently below 5% for BB rated bonds. Even CCC bonds are trading below 10%. These low yields do not compensate an investor for the potential default risk.

Given the extremely low yields and spreads currently available to bond investors, we cannot see the value in allocating a significant part of any portfolio to the bonds at the current moment.

What is the solution? We see two possibilities:

Wait

This means cashing out the current bond positions and simply waiting for the rise in bond yields. However, this could be a long wait as bond yields are likely to remain low for a long time and this would offer zero return. Continuing to hold bonds while rates are rising is also not an option since the portfolio will experience mark-to-market losses. Bond holders are faced with a dilemma of holding assets with very little upside but with a lot of downside or holding cash with zero return. Stocks should probably remain a portion of the portfolio mix but the indices show that on various valuation measures stocks are getting expensive.

Individual stocks and individual stock markets may outperform the broader indices but for these cases you have to have good managers or expertise to pick the stocks and/or markets. Stocks also bear tremendous risk in any market correction and in rising interest rate environments.

Invest with Sirius

We believe the addition of the Sirius Reserva strategy to a conservative portfolio will either add yield without increasing risk or reduce risk without hurting yield, or both – in other words, we do not suggest to put 100% of the portfolio into the Sirius Reserva strategy but are confident that the addition of the strategy will improve the performance of any portfolio. Our portfolio is not a black box but real assets with real returns that have been made possible by legislative and/or technological changes on the financial markets. It also offers the possibility to mimic the way ultra-high-net-worth individuals and families have been investing for years.

Invest with Sirius

We provide you with a carefully selected portfolio of alternative assets which until now were only available to ultra-high-net worth individuals and family offices.

We provide a portfolio of assets with low correlation with the financial markets that are managed by the best of breed fund managers throughout the globe.

We provide an alignment of interests with the management of Sirius investments, since the management invests a significant portion of their wealth in the fund.

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We believe,

that the same strategies that worked to generate reasonable return in the past will not work in the coming years. Therefore investors must develop alternative approaches to generating returns.

We know,

that there are many alternatives to the main financial assets of stocks and bonds and that the traditional approach of private banks does not offer clients much choice when it comes to these assets.

We are

more flexible and personal than the typical private bank. Which private banker invests into the same portfolio that he proposes to you?

Why invest with Sirius Investments?

Because

Old investment approaches have stopped working in the zero interest rate environment.

Because

There are and will be bubbles forming in financial markets once again that one should try to avoid.

Because

We have a strategy which not only offers a higher return but a more stable one compared with the traditional conservative market investments.

Because

Our team has asset management experience not only on the Czech market but in international financial centers of London, Vienna, and Frankfurt.

Because

We invest together with you.

Fund Management

All members of Sirius Investments SICAV team are respected professionals.
They invest their money together with yours.

Supervisory Board

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Contact

Address

Sirius Investments SICAV
Jungmannovo náměstí 14
110 00 Praha 1

info@siriusinvestments.cz

+420 603 561 077

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Sirius Investments Reserva

Sirius Investments Reserva is the first sub-fund of Sirius Investments SICAV. This sub-fund offers investors unique set of parameters:

Target returns are above bank account interest rates and government bond yields

The current target return is 5%.

High Liquidity

Valuations of the portfolio are calculated monthly at the end of each calendar month. Investors can invest on a monthly basis and redeem the shares with 90 days notice.

Wide Diversification

The portfolio is allocated among different alternative asset strategies with each strategy allocated to a number of different funds; each fund is then diversified further (holding thousands of P2P loans, or hundreds of insurance contracts). This results in the overall exposure of the Reserva sub-fund to any one loan, receivable, insurance contract etc., to be no more than a few tenths of one percent of the overall portfolio.

Low Correlation to Financial Markets

The type of alternative investments in the portfolio do not rely on financial market movements for their returns and thus have a lower possibility to suffer losses in down markets.

Hedge to Czech Koruna

The fund hedges the portfolio to Czech Koruna.

Monthly Returns of Sirius Investments Reserva *

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* Valid for Class A of investment shares of subfund Sirius Reserva. Performance of Class B shares is in Class B monthly report.

Basic characteristics

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In this section we have provided more information
regarding Sirius Investments SICAV.

Please send any questions to info@siriusinvestments.cz

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Up vs. Down months *

Sirius Investments Reserva Track Record *

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Sirius Investments Reserva Monthly Returns *

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* Valid for Class A of investment shares of subfund Sirius Reserva. Performance of Class B shares is in Class B monthly report.

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Regulator

The Czech National Bank is the regulatory authority for investment funds in the Czech Republic and has granted a license to Sirius Investments, SICAV on April 30, 2015.

Administrator

QI investiční společnost, a.s. is the largest non-bank asset administrator in the Czech Republic and represents several hundred investment funds (both foreign and domestic) on the Czech market. The main function of the administrator is the correct calculation of the net asset value (NAV) of the fund.

Depository

Ceska Sporitelna, a.s. is the depository for the fund where it fulfills its statutory safekeeping and limit controlling functions. Ceska Sporitelna is one of the largest Czech banks and is a subsidiary of Erste Group, Vienna.

Shareholding Registrar

QI investiční společnost, a.s. is the largest non-bank asset administrator in the Czech Republic and represents several hundred investment funds (both foreign and domestic) on the Czech market. The main function of the Shareholding Registrar is to handle inflows to and redemptions from the fund and to keep record of all the shareholdings in the fund.

Important Notice

The securities issued by a qualified investors’ fund are for Qualified Investors only. Qualified Investor is a person who has made a declaration that he/she is aware of the risks associated with investing in qualified investors’ fund and whose initial investment in such a fund is at least
 a] EUR 125 000 or
 b] CZK 1 000 000
provided that such an investment in a qualified investors’ fund is suitable for such a person (where suitability is determined on the basis of the investment questionnaire).

The content of this website is intended for informational purposes only and exploration of potential interest among qualified investors. It provides only a brief overview of the structure of the fund and does not substitute for its statute. All parameters listed and all investment ideas are only indicative. The content of this website does not replace expert advice on financial instruments or complete information about risks.

This is not an offer or invitation to buy or sell financial instruments. Return or yield on an investment in the fund is not secured nor guaranteed. For further information contact the info@siriusinvestments.cz.

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