T: +44 (0) E: W: Multi-Manager Foreign Exchange Fund

Size: px
Start display at page:

Download "T: +44 (0) 207 881 2544 E: support@quantumims.com W: www.dmmup.com/qmfx. Multi-Manager Foreign Exchange Fund"

Transcription

1 Multi-Manager Foreign Exchange Fund 01

2 The Ballybunion Quantum Managed FX Fund is a multi-manager UCITS investment vehicle that focuses on trading the worldwide currency markets. We pride ourselves on searching for the best fund managers across the globe, with one common objective: to deliver optimal long-term performance to our investors. To learn more about the Ballybunion Quantum Managed FX Fund and its investment strategy, please refer to this document or contact us on the details listed below: +44 (0) or support@quantumims.com 02

3 Risk Notice / Disclaimers The distribution of this document does not constitute an offer or solicitation. Any investment in The Ballybunion Quantum Managed FX Fund (the Fund ), a sub-fund of the Diversified Multi-Manager Platform Fund plc (the Company ) should be based on the full details, including all investment risks, contained in the Fund s Supplemental Prospectus and Key Investor Information Document, which together with the Company s Prospectus form the investor s contract with the Company. Information given in this document has been obtained from, or based upon, sources believed to be reliable and accurate although the Company does not accept liability for the accuracy of the contents. The Company is registered and regulated in Ireland by the Central Bank of Ireland as an open ended UCITS investment company with variable share capital and having segregated liability between sub-funds. This notice shall not be construed as an offer of sale in the sub-fund. If you are in any doubt about the contents of this document you should consult your financial adviser. 03

4 Introduction to Quantum The Diversified Multi-Manager Platform Structure chart of the Fund About the Foreign Exchange Market Why invest in a Multi-Manager Fund Our Multi-Manager Team Forex trading strategies Risk Management Our competitive advantage On-going review process Manager selection and review process Fund Terms / Our Partners Summary Contact information 04

5 . Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Quantum is a highly dynamic and professional financial services distribution company that offers a range of exclusive and innovative solutions to wealth management professionals globally, enabling them to enhance their own client value propositions. Considered experts in what we do, we are dedicated to our clients and provide expert opinion whenever it s needed. Quantum are Investment Advisers to the Fund and also have responsibility for overseeing distribution and the identification of potential investment managers. The team has a combined experience of over 50 years ensuring a consistency of process which sets us apart from many of our peers. Meet The Team Paul Hilton - Paul has over 25 years of experience in the financial services industry. He began his Investment Sales and Marketing career with Old Mutual in 88, moving to M&G in 96. In 20 Paul joined UBS Wealth Management as an Associate Director. He has an eye for detail and ensures that the necessary systems are in place to provide our intermediary relationships with first class service. Paul holds the Investment Management Certificate (IMC). Matthew Welsh - Matthew also has over 25 years of experience in the financial services industry. Most recently, he built - and ran - the UK intermediary business at UBS Wealth Management- where he was an Executive Director for 9 years. Prior, he was a Regional Director and IFA at the chartered accountants PKF Financial Planning. Matthew is a Chartered Financial Planner, Fellow of the Personal Finance Society (PFS), Holder of the Investment Management Certificate (IMC) and a former winner of the Planned Savings IFA of the Year awards.

6 . Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information The Ballybunion Quantum Managed FX Fund is a sub-fund of the Diversified Multi-Manager UCITS Platform PLC (the Platform Fund ). The company is authorised in Ireland and regulated by the Central Bank of Ireland. The company is an umbrella fund structure with segregated liability between sub-funds and conforms to the European Community s UCITS* Regulations 20. The company s umbrella structure is designed to offer investors an innovative product range of sub-funds and access to specialist investment strategies. The regulated fund format gives investors a quality hallmark in fund management, risk control and investment diversification. * Undertakings for Collective Investment in Transferable Securities

7 . Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Diversified Multi-Manager UCITS Platform Plc. Ballybunion Capital Investment Manager Custodian Our Service Providers

8 . Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Foreign exchange (Forex) is the cross-country exchange of currencies and is the largest and most liquid financial market in the world. With an estimated $4 trillion in currencies traded in a single day the Forex market eclipses the trading of other types of securities. G Currencies United States - US Dollar (USD) United Kingdom - Great British Pound (GBP) Canada - Canadian Dollar (CAD) France - Euro (EUR) Germany - Euro (EUR) Italy - Euro (EUR) Japan - Japanese Yen (JPY) Netherlands - (EUR) Sweden - Swedish Krona (SEK) Belgium - Euro (EUR) Switzerland - Swiss Franc (CHF) The foreign exchange market is unique because of the following characteristics: 1. Huge trading volume representing the largest asset class in the world, providing high liquidity; 2. Geographical diversification; 3. Foreign Exchange trading has more than doubled over the last years. 4. Long-established and operational 24 hours a day Monday to Friday, the Forex market is a highly effective market to trade. 5. Low correlation to other asset classes, especially in times of high market turbulence.

9 . Why invest in a Multi-Manager Fund?. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information The Ballybunion Quantum Managed FX Fund is a specialised multimanager investment product that brings together the strength and expertise of different investment managers and advisers all under one sub-fund. By selecting different managers with proven styles and strengths, the fund provides you with a broad portfolio of investments, superior diversification, enhanced risk management and access to some of the best specialists in the FX industry. What s more, the Fund s multi-manager strategy offers all the benefits of a managed fund plus attractive potential returns, affordability and the convenience of being able to blend different investment strategies and trading styles in a single vehicle.

10 . Our Multi-Manager Team. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Comprising different managers and advisers, each with distinct riskreturn profiles, the Ballybunion Quantum Managed FX Fund caters to a comprehensive range of investor styles and requirements. Selected for their high level of expertise in currency trading, each manager of the fund has an in-depth understanding of what drives performance and brings expert opinion to the fund selection process. Each manager has their own objectives, but collectively the Fund aims to deliver attractive returns over the medium to long term. In accordance with UCITS rules, the fund also conforms to a maximum value at risk* (VAR) of 20%. * (1 month, 99% confidence)

11 . Forex trading strategies Introduction to Quantum The Diversified Multi-Manager Platform Structure chart of the Fund About the Foreign Exchange Market Why invest in a Multi-Manager Fund Our Multi-Manager Team Forex trading strategies Risk Management Our competitive advantage On-going review process Manager selection and review process Fund Terms / Our Partners Summary Contact information Typical Forex Investment Strategies Trend trading: The trader attempts to profit by going with the current established trend, buying into an uptrend or selling in a down trend. Swing trading: The trader attempts to catch the reversal of the last trend and hold the position until the current trend ends and once again reverses. Pivot trading: Every trading period, whether daily, weekly or monthly, can be used to calculate Pivot levels relevant to the next period; a Pivot level, 2 support and 2 resistance levels. The trader will use these points to enter or exit trades. Fibonacci trading: A specific movement in the market will give rise to several Fibonacci levels. The calculated retracement levels are used to enter a trade in the direction of the original movement. The calculated extension levels are used to take positions in the opposite direction of the original movement. Harmonic trading: Here the strategy looks for repeating patterns in the market and to trade accordingly, following the previous patterns. Breakout trading: This covers a realm of scenarios and indicators. Basic breakout trading will involve taking a position in the direction with which the market exits a given range. Indicators can be used to determine, for example, if the most recent volatility exceeds the normal level over a given period and would give rise to a position in this direction. Fade trading: This is the opposite of breakout trading. The position will be taken in the opposite direction to the breakout movement. Scalping: This strategy attempts to take small profits whilst the market is trapped in a trading range. The Ballybunion Quantum Managed FX Fund blends together different trading strategies.

12 . More about Forex trading strategies Typical broad style classes of FX Manager 01. Introduction to Quantum The Diversified Multi-Manager Platform Structure chart of the Fund About the Foreign Exchange Market Why invest in a Multi-Manager Fund Our Multi-Manager Team More about Forex trading strategies Risk Management Our competitive advantage On-going review process Manager selection and review process Fund Terms / Our Partners Summary Contact information 12 Systematic momentum / trend following Macro discretionary Model-driven or systematic macro SMO MD MS Medium-to longer-term trend followers and managers that rely on pattern recognition or some price-based system. Discretionary managers relying on a variant of factors, including price and economic and monetary inputs. Managers that trade based on some model or systematic process but relying on factors other than price, including economic and monetary inputs. Short-term ST Managers having an average trade duration of less than 3 days, typically based on price movement. Options (gamma) trading GT Options traders (note: naked option sellers, covered put sellers, covered call sellers are typically not included). FX carry and yield trading CS Managers whose prime goal is appreciation from the interest income and not the rise or fall of the underlying currencies. The Ballybunion Quantum Managed FX Fund blends together different trading styles. 12

13 . Risk Management. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information 20 With investor comfort paramount, the Ballybunion Quantum Managed FX Fund offers investor security in the following ways: UCITS regulated - The Fund Investment positions will be uses a systematic approach to mainly in G currencies, although actively reduce risk at source other currencies may be traded and incorporate tried and tested by the managers where they risk management techniques believe that these will enhance into our overall trading strategy. returns to the Fund. The Fund employs stringent risk controls on all investments and offers diversification across multiple managers and trading strategies. Dynamic stop-losses and relative hedging are utilized to reflect directional bias. Draw-downs are not expected to exceed 20%. Only cash settled (t+2) spot foreign exchange transactions will be used by the managers; no derivatives trading (unless for hedging purposes) or other investment funds will be used.

14 . Our competitive advantage. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Successfully investing in today s fund market requires lateral thinking, proven methodology and a wealth of industry experience. The Ballybunion Quantum Managed FX Fund is proud to offer all of this and more. We pride ourselves on a focused approach and our multi-manager structure assures a FX investment portfolio that best suits most clients needs. The proprietary knowledge and stringent investment process of our unique team of managers and advisers ensures that your investments are working to their best possible advantage. Our managers and advisers are all asset-class specialists, each bringing a profound depth of industry knowledge; our systems are robust and our managers and advisers have long-standing experience of delivering optimum performance.

15 . Ongoing review process. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Individually talented and collectively a powerhouse, the Fund is committed to delivering the best FX fund possible. We have an unwavering desire for success and believe that the foundations for this success lie in our strong team culture, dedication to values and unbeatable expertise: Our team - We bring together a group of highly skilled, forward-looking fund managers, advisers and wealth management professionals committed to the success of the Fund. Our values When selecting and deselecting investment managers and advisers for the Fund a rigorous and fully transparent process is followed. Our expertise Quantum brings together some of the best minds in the business but that doesn t mean we stop there, we constantly test and retest to verify the strength of our methodology.

16 . Manager selection and review process. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information STEP 5 On-going review STEP 1 Identify potential managers and advisers On-going review process at quarterly board meetings STEP 2 Extensive due diligence STEP 4 Selection and capital allocation STEP 3 In-depth interviews

17 . Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information Minimum investment $,000 (min top up $1,000) Annual management fee 2% Performance fee 20% with high water mark NAV Daily Dealing Daily Share Classes USD, GBP, EUR Our Partners The following service providers have been engaged by the fund to ensure the highest levels of professional standards: Apex Fund Services - Fund Administrator Bank of America Merrill Lynch - Custodian Walkers - Legal Kinetic Partners - UCITS Compliance and Risk Management Carne Group - Corporate Governance Deloitte - Audit Ballybunion Capital - Investment Manager Quantum Investment Management Solutions LLP - Investment Adviser

18 . Summary. Why invest in a Multi-Manager Fund. Our Multi-Manager Team. Forex trading strategies. Risk Management. Our competitive advantage. On-going review process. Manager selection and review process. Summary. Contact information The Ballybunion Quantum Managed FX Fund aims to deliver attractive returns over the medium to long term by trading mainly G currency pairs. A multi-manager approach will be used to provide a blend of trading styles and techniques which will provide diversification and enhanced risk management. Low correlation to other asset classes, especially in times of high market turbulence. Most traded and most liquid of all asset classes. Maximum drawdown not expected to exceed 20%. Low volatility compared to other asset classes. Daily liquidity will be provided.

19 . Contact information Tel: +44 (0) support@quantumims.com

T: +44 (0) 207 881 2544 E: support@quantumwms.co.uk W: www.dmmup.com/qmfx. Multi-Manager Foreign Exchange Fund

T: +44 (0) 207 881 2544 E: support@quantumwms.co.uk W: www.dmmup.com/qmfx. Multi-Manager Foreign Exchange Fund Multi-Manager Foreign Exchange Fund 01 The Quantum Managed FX Fund is a multi-manager UCITS investment vehicle that focuses on trading the worldwide currency markets. At Quantum, we pride ourselves on

More information

Foreign Exchange Trading Managers

Foreign Exchange Trading Managers Foreign Exchange Trading Managers Quantum Leap Capital (abbreviated as QLC ) is a Forex Trading Manager which focuses on trading worldwide foreign currencies on behalf of institutions, corporates and individual

More information

FxPro Education. Introduction to FX markets

FxPro Education. Introduction to FX markets FxPro Education Within any economy, consumers and businesses use currency as a medium of exchange. In the UK, pound sterling is the national currency, while in the United States it is the US dollar. Modern

More information

ROYAL LONDON ABSOLUTE RETURN GOVERNMENT BOND FUND

ROYAL LONDON ABSOLUTE RETURN GOVERNMENT BOND FUND ROYAL LONDON ABSOLUTE RETURN GOVERNMENT BOND FUND For professional investors only A NEW OPPORTUNITY Absolute return funds offer an attractive, alternative source of alpha outright or as part of a balanced

More information

Good for business: get your forex transactions on track

Good for business: get your forex transactions on track Companies Foreign currencies Good for business: get your forex transactions on track Do you want to hedge foreign currency risks or invest in forex? A bank that takes your needs into account and provides

More information

Carry Trade Explained What Is the Carry Trade?

Carry Trade Explained What Is the Carry Trade? I The Forex Trading Formula Carry Trade Triad Trading Formula - The Introduction Carry Trade Carry Trade Explained What Is the Carry Trade? The carry trade is a trading strategy in which you simultaneously

More information

CGWM Total Return Bond Fund

CGWM Total Return Bond Fund To us there are no foreign markets. TM CGWM Total Return Bond Fund Supplement dated 6 October 2015 to the Prospectus dated 6 October 2015 This Supplement contains specific information in relation to the

More information

Maverick FX Trading. Forex 101 Session #4 Preparation for Demo Trading

Maverick FX Trading. Forex 101 Session #4 Preparation for Demo Trading Maverick FX Trading Forex 101 Session #4 Preparation for Demo Trading Session #3 Review Time frames Relative Strength/Weakness Determine Strong/Weak News Events Correlations Session #4 Schedule Demo Account

More information

Registered country information Vanguard Investment Series plc and Vanguard Funds plc

Registered country information Vanguard Investment Series plc and Vanguard Funds plc Registered country information Vanguard Investment Series plc and Vanguard Funds plc The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

More information

Evolution of Forex the Active Trader s Market

Evolution of Forex the Active Trader s Market Evolution of Forex the Active Trader s Market The practice of trading currencies online has increased threefold from 2002 to 2005, and the growth curve is expected to continue. Forex, an abbreviation for

More information

U.S. Dollar Index Contracts

U.S. Dollar Index Contracts U.S. Dollar Index Contracts FAQ June 2015 What is the Dollar Index? The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against the U.S. dollar. The U.S. Dollar Index

More information

Q&A for changes to Vanguard s Ireland-domiciled fund range

Q&A for changes to Vanguard s Ireland-domiciled fund range Q&A for changes to Vanguard s Ireland-domiciled fund range As we broaden our presence in Europe, we are able to enhance our product suite by reducing costs and introducing a new share class structure designed

More information

FOREX FOR BEGINNERS. www.mundomarkets.com

FOREX FOR BEGINNERS. www.mundomarkets.com FOREX FOR BEGINNERS CONTENT 01. 02. 03. 04. What is forex market and how it works? Forex market (page 2) Liquidity providers (page 3) Why acquiring knowledge is important in the forex market? Experience

More information

Your foreign exchange specialist

Your foreign exchange specialist Citigold Your foreign exchange specialist Your life, your money, your way Local knowledge in foreign exchange solutions Our clients demand the very best international wealth management and that includes

More information

Chapter 1.2. Currencies Come in Pairs

Chapter 1.2. Currencies Come in Pairs Chapter 1.2 Currencies Come in Pairs 0 GETTING STARTED You know the advantages of trading forex, and you are excited to start trading. Now you need to learn what this market is all about. How does it work?

More information

Exchange Traded Funds. Reasons to Consider. For professional clients only

Exchange Traded Funds. Reasons to Consider. For professional clients only Exchange Traded Funds Reasons to Consider For professional clients only Exchange Traded Funds (ETFs) have been designed to provide low-cost and transparent access to the world s markets, combining the

More information

Diversify your wealth internationally

Diversify your wealth internationally ab UBS Swiss Financial Advisers Diversify your wealth internationally UBS Swiss Financial Advisers offers US investors a safe, easy and tax-compliant way to diversify their assets abroad. Contents 3 Why

More information

Global Investing: The Importance of Currency Returns and Currency Hedging

Global Investing: The Importance of Currency Returns and Currency Hedging Global Investing: The Importance of Currency Returns and Currency Hedging There is a continuing trend for investors to reduce their home bias in equity allocation and increase the allocation to international

More information

BMO Global Asset Management (Asia) Limited 11 February 2016

BMO Global Asset Management (Asia) Limited 11 February 2016 Product Key Facts BMO MSCI EUROPE QUALITY HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key

More information

Equity and Fixed Income Funds The London & Capital Managed Series of UCITS IV Funds

Equity and Fixed Income Funds The London & Capital Managed Series of UCITS IV Funds Equity and Fixed Income Funds The London & Capital Managed Series of UCITS IV Funds 1 Equity and Fixed Income Funds London & Capital Equity and Fixed Income Funds London & Capital 2 We are an independently-owned

More information

The foreign exchange market is global, and it is conducted over-the-counter (OTC)

The foreign exchange market is global, and it is conducted over-the-counter (OTC) FOREIGN EXCHANGE BASICS TERMS USED IN FOREX TRADING: The foreign exchange market is global, and it is conducted over-the-counter (OTC) through the use of electronic trading platforms, or by telephone through

More information

INTRODUCTION TO FOREIGN EXCHANGE

INTRODUCTION TO FOREIGN EXCHANGE INTRODUCTION TO FOREIGN EXCHANGE Capademy Tutorial Series Option Banque Training Series Vol. 1 The foreign exchange market known as forex for short is the market in which currencies or sovereign money

More information

Three Pillar Approach - Getting the most out of commodities

Three Pillar Approach - Getting the most out of commodities Three Pillar Approach - Getting the most out of commodities Contents Investment Strategy Why Invest The Three Pillars Risk & Liquidity Regulation Investor Protection Fund Structure Key Partners Fund Features

More information

What is Forex Trading?

What is Forex Trading? What is Forex Trading? Foreign exchange, commonly known as Forex or FX, is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world

More information

Cyber security. ETFS ISE Cyber Security GO UCITS ETF. Investing in a safer digital future

Cyber security. ETFS ISE Cyber Security GO UCITS ETF. Investing in a safer digital future Cyber security Investing in a safer digital future About the index The ISE Cyber Security UCITS Index Net Total Return utilises a rules-based investment methodology to select a diverse group of companies

More information

AN INTRODUCTION TO THE FOREIGN EXCHANGE MARKET

AN INTRODUCTION TO THE FOREIGN EXCHANGE MARKET DUKASCOPY BANK SA AN INTRODUCTION TO THE FOREIGN EXCHANGE MARKET DUKASCOPY BANK EDUCATIONAL GUIDE AN INTRODUCTION TO THE FOREIGN EXCHANGE MARKET www.dukascopy.com CONTENTS INTRODUCTION TO FOREX CURRENCY

More information

AN INTRODUCTION TO TRADING CURRENCIES

AN INTRODUCTION TO TRADING CURRENCIES The ins and outs of trading currencies AN INTRODUCTION TO TRADING CURRENCIES A FOREX.com educational guide K$ $ kr HK$ $ FOREX.com is a trading name of GAIN Capital - FOREX.com Canada Limited is a member

More information

Tariffs & Charges Schedule for Investment Services

Tariffs & Charges Schedule for Investment Services I. ADVISORY TRADING IN INTERNATIONAL SECURITIES EQUITIES, ETFs (Buy & Sell Orders) next (Belgium, France, Netherlands); Germany (Xetra); Italy (Borsa Italiana) minimum EUR 30.00 United Kingdom (London

More information

Separately managed accounts

Separately managed accounts FOR INSTITUTIONAL/WHOLESALE/PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY - NOT FOR RETAIL USE OR DISTRIBUTION Separately managed accounts A J.P. Morgan Global Liquidity solution Separately managed

More information

Diversify your wealth internationally

Diversify your wealth internationally ab UBS Swiss Financial Advisers Diversify your wealth internationally UBS Swiss Financial Advisers offers US investors a safe, easy and tax-compliant way to diversify their assets abroad. Contents 3 Why

More information

Getting Started With Forex Trading: A Forex Primer. Member NASD, NYSE, SIPC, and NFA

Getting Started With Forex Trading: A Forex Primer. Member NASD, NYSE, SIPC, and NFA Getting Started With Forex Trading: A Forex Primer Member NASD, NYSE, SIPC, and NFA 1 Important Information and Disclaimer: TradeStation Securities, Inc. seeks to serve institutional and active traders.

More information

Session #3 Finding Relative Strength/Weakness

Session #3 Finding Relative Strength/Weakness Session #3 Finding Relative Strength/Weakness Legal Disclosure Trading Currencies may involve high risk and, potentially, the loss of any funds invested. Investment information provided may not be appropriate

More information

Synthesis Multi-Strategy Currency Fund* * Subject to approval from the Luxembourg Financial Regulator

Synthesis Multi-Strategy Currency Fund* * Subject to approval from the Luxembourg Financial Regulator Synthesis Multi-Strategy Currency Fund* * Subject to approval from the Luxembourg Financial Regulator INDEX 3 Introduction and Objectives 4 Investment Strategy 5 Diversification and Portfolio Construction

More information

Chapter 1.2. Currencies Come in Pairs

Chapter 1.2. Currencies Come in Pairs Chapter 1.2 Currencies Come in Pairs 0 GETTING STARTED You know the advantages of trading forex, and you are excited to start trading. Now you need to learn what this market is all about. How does it work?

More information

TOPFX. General Questions: FAQ. 1. Is TOPFX regulated?

TOPFX. General Questions: FAQ. 1. Is TOPFX regulated? General Questions: 1. Is TOPFX regulated? TOPFX has been a regulated broker since April 2011, when it was granted a license by the Cyprus Securities and Exchange Commission (http://www.cysec.gov.cy/en-

More information

1. HOW DOES FOREIGN EXCHANGE TRADING WORK?

1. HOW DOES FOREIGN EXCHANGE TRADING WORK? XV. Important additional information on forex transactions / risks associated with foreign exchange transactions (also in the context of forward exchange transactions) The following information is given

More information

GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009

GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009 GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009 This simplified prospectus contains key information in relation to GLG Global Convertible UCITS Fund (the Portfolio

More information

Exchange Traded Funds. An Introductory Guide. For professional clients only

Exchange Traded Funds. An Introductory Guide. For professional clients only Exchange Traded Funds An Introductory Guide For professional clients only Exchange-Traded Funds (ETFs) started to be used in Europe in the early 2000s but over the past few years they have grown their

More information

ETFs and Index Funds. Similarities and Differences. For professional clients only

ETFs and Index Funds. Similarities and Differences. For professional clients only ETFs and Index Funds Similarities and Differences For professional clients only Most Exchange Traded Funds (ETFs) and index tracker funds share a common aim. That is, to match the performance of the index

More information

Currency Derivatives Guide

Currency Derivatives Guide Currency Derivatives Guide What are Futures? In finance, a futures contract (futures) is a standardised contract between two parties to buy or sell a specified asset of standardised quantity and quality

More information

NEW TO FOREX? FOREIGN EXCHANGE RATE SYSTEMS There are basically two types of exchange rate systems:

NEW TO FOREX? FOREIGN EXCHANGE RATE SYSTEMS There are basically two types of exchange rate systems: NEW TO FOREX? WHAT IS FOREIGN EXCHANGE Foreign Exchange (FX or Forex) is one of the largest and most liquid financial markets in the world. According to the authoritative Triennial Central Bank Survey

More information

Core/Satellite Investing

Core/Satellite Investing For professional investors only Core/Satellite Investing Core/satellite portfolio construction aims to combine the most effective characteristics of index and alpha-generating strategies offering flexibility

More information

rtfx asset ManageMent ServiceS INFORMATION BROCHURE

rtfx asset ManageMent ServiceS INFORMATION BROCHURE rtfx asset ManageMent ServiceS INFORMATION BROCHURE Our History RTFX Ltd is a pioneer in the online Foreign Exchange market with a history dating back to 1995 when the first of the group of strategic partnering

More information

HSBC Global Currency Fund (USD) Overview

HSBC Global Currency Fund (USD) Overview HSBC GLOBAL ASSET MANAGEMENT HSBC Global Currency Fund (USD) Overview September 2009 The Currency Market STRUCTURE Decentralised 'interbank' market Main participants: Central Banks, commercial and investment

More information

Chapter 4.1. Intermarket Relationships

Chapter 4.1. Intermarket Relationships 1 Chapter 4.1 Intermarket Relationships 0 Contents INTERMARKET RELATIONSHIPS The forex market is the largest global financial market. While no other financial market can compare to the size of the forex

More information

Turnover of the foreign exchange and derivatives market in Hong Kong

Turnover of the foreign exchange and derivatives market in Hong Kong Turnover of the foreign exchange and derivatives market in Hong Kong by the Banking Policy Department Hong Kong advanced one place to rank sixth in the global foreign exchange market and seventh when taking

More information

General Risk Disclosure

General Risk Disclosure General Risk Disclosure Colmex Pro Ltd (hereinafter called the Company ) is an Investment Firm regulated by the Cyprus Securities and Exchange Commission (license number 123/10). This notice is provided

More information

PRINCIPAL GLOBAL INVESTORS FUNDS. Supplement dated 31 July 2013. for the Long/Short Global Opportunities Equity Fund

PRINCIPAL GLOBAL INVESTORS FUNDS. Supplement dated 31 July 2013. for the Long/Short Global Opportunities Equity Fund PRINCIPAL GLOBAL INVESTORS FUNDS Supplement dated 31 July 2013 for the Long/Short Global Opportunities Equity Fund This Supplement contains specific information in relation to the Long/Short Global Opportunities

More information

ETPs for private investors

ETPs for private investors ETPs for private investors Simple products. Sophisticated strategies. ETPs Exchange Traded Products (ETPs) such as Exchange Traded Commodities (ETCs) and Exchange Traded Notes (ETNs) are listed exchange

More information

How Hedging Can Substantially Reduce Foreign Stock Currency Risk

How Hedging Can Substantially Reduce Foreign Stock Currency Risk Possible losses from changes in currency exchange rates are a risk of investing unhedged in foreign stocks. While a stock may perform well on the London Stock Exchange, if the British pound declines against

More information

Staying alive: Bond strategies for a normalising world

Staying alive: Bond strategies for a normalising world Staying alive: Bond strategies for a normalising world Dr Peter Westaway Chief Economist, Europe Vanguard Asset Management November 2013 This document is directed at investment professionals and should

More information

Introduction to Foreign Currency Exchange

Introduction to Foreign Currency Exchange Introduction to Foreign Currency Exchange Introduction to Foreign Currency Exchange In the most basic of terms, currency exchange (also known as foreign exchange, forex or FX) is where you swap one currency

More information

Wealth Management. Guiding private client investment strategies. Wealth management as it should be

Wealth Management. Guiding private client investment strategies. Wealth management as it should be Wealth Management Guiding private client investment strategies Wealth management as it should be Managing private client wealth for over a century At Smith & Williamson Investment Management, our focus

More information

How a thoughtful FX strategy can give Fund Managers a competitive edge

How a thoughtful FX strategy can give Fund Managers a competitive edge How a thoughtful FX strategy can give Fund Managers a competitive edge Executive summary Each alternative investment fund takes a different approach to its investment strategy, but the ultimate goals are

More information

Intro to Forex and Futures

Intro to Forex and Futures Intro to Forex and Futures 1 Forex Trading Forex is a term meaning foreign exchange, and refers to trading the currency of one country against the currency from another country simultaneously. Over $1.4

More information

Dual Currency Placement

Dual Currency Placement Dual Currency Placement Dual Currency Placement If you have international financial interests and are prepared to accept a currency risk in exchange for the opportunity to earn a potential return, a Dual

More information

Introduction to Forex Trading

Introduction to Forex Trading Introduction to Forex Trading The Leader in Rule-Based Trading 1 Important Information and Disclaimer: TradeStation Securities, Inc. seeks to serve institutional and active traders. Please be advised that

More information

Currency Options. www.m-x.ca

Currency Options. www.m-x.ca Currency Options www.m-x.ca Table of Contents Introduction...3 How currencies are quoted in the spot market...4 How currency options work...6 Underlying currency...6 Trading unit...6 Option premiums...6

More information

ETFs and Index Funds. Similarities and Differences. For professional clients only

ETFs and Index Funds. Similarities and Differences. For professional clients only ETFs and Index Funds Similarities and Differences For professional clients only Most Exchange Traded Funds (ETFs) and index tracker funds share a common aim. That is, to match the performance of the index

More information

Forex Volatility Patterns

Forex Volatility Patterns Spotting Early Breakouts Forex Volatility Patterns BRUCE WALDMAN Want to catch 40 to 00 pips in each trade? Here s how you can find those entry and exit signals to make your forex trading a success. C

More information

Alphabeta FX. Asset Management Services. Information Brochure

Alphabeta FX. Asset Management Services. Information Brochure Alphabeta FX Asset Management Services Our History UNPREDECENTED LIQUIDITY ABFX Inc., is a pioneer in the online Foreign Exchange market with a history dating back to 2009 when the first of the group of

More information

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION : : : : : : : : II. III.

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION : : : : : : : : II. III. SECURITIES ACT OF 1933 Release No. 9961 / October 13, 2015 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION ADMINISTRATIVE PROCEEDING File No. 3-16891 In the Matter of UBS AG Respondent

More information

Olympia Capital Management

Olympia Capital Management Olympia Capital Management Olympia Capital Management 2 Delivering innovative solutions since 1989 An independent and experienced team Founded in 1989 to manage funds of hedge funds Richmond Park: an active

More information

The Currency Conundrum

The Currency Conundrum The Currency Conundrum At our latest Insight Event, Mawer tackled currency specifically our approach and general thinking on the subject. Managing currencies is a difficult puzzle but one we feel is manageable.

More information

The European Central Bank s Minimum Bid Rate and Its Effect on Major Currency Pairs

The European Central Bank s Minimum Bid Rate and Its Effect on Major Currency Pairs The European Central Bank s Minimum Bid Rate and Its Effect on Major Currency Pairs Ikhlaas Gurrib Abstract The paper looks at the effects of Minimum Bid Rate on three major currency pairs namely the Australian

More information

How To Beat The Currency Market Without (Much) Skill

How To Beat The Currency Market Without (Much) Skill How To Beat The Currency Market Without (Much) Skill January 2010 FQ Perspective by Dori Levanoni and Juliana Bambaci We ve written about rebalancing strategies for nearly two decades. 1 We ve done so

More information

KEY INFORMATION DOCUMENT

KEY INFORMATION DOCUMENT KEY INFORMATION DOCUMENT PSG WEALTH CURRENCY FUTURES TRADING ACCOUNT TRADING ACCOUNT PAGE 0 This document is a summary of key information about the PSG Wealth currency futures trading account. It will

More information

Investment management. Tailor-made investment solutions

Investment management. Tailor-made investment solutions Investment management Tailor-made investment solutions ABOUT US Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more

More information

Index Solutions A Matter of Weight

Index Solutions A Matter of Weight Index Solutions A Matter of Weight Newsletter No. 11 Our current newsletter is about weight, or more precisely the weighting of equities in an index. Non-market capitalization weighted indices are at present

More information

Assignment 10 (Chapter 11)

Assignment 10 (Chapter 11) Assignment 10 (Chapter 11) 1. Which of the following tends to cause the U.S. dollar to appreciate in value? a) An increase in U.S. prices above foreign prices b) Rapid economic growth in foreign countries

More information

Managing Risk/Reward in Fixed Income

Managing Risk/Reward in Fixed Income INSIGHTS Managing Risk/Reward in Fixed Income Using Global Currency-Hedged Indices as Benchmarks In the pursuit of alpha, is it better to use a global hedged or unhedged index as a benchmark for measuring

More information

new international personal share portfolio

new international personal share portfolio new international personal share portfolio Your opportunity to own a custom-built share portfolio of internationally listed securities wealth Whilst the Johannesburg Stock Exchange is the largest stock

More information

HSBC World Selection Portfolios The smart way to diversify your customers investments

HSBC World Selection Portfolios The smart way to diversify your customers investments HSBC World Selection Portfolios The smart way to diversify your customers investments 2 A smart way to invest 3 The benefit of diversification 6 How is HSBC World Selection managed? 8 What are the advantages

More information

HUME EUROPEAN OPPORTUNITIES FUND. SUPPLEMENT TO THE PROSPECTUS FOR EUROPEAN WEALTH INVESTMENT FUND plc

HUME EUROPEAN OPPORTUNITIES FUND. SUPPLEMENT TO THE PROSPECTUS FOR EUROPEAN WEALTH INVESTMENT FUND plc HUME EUROPEAN OPPORTUNITIES FUND SUPPLEMENT TO THE PROSPECTUS FOR EUROPEAN WEALTH INVESTMENT FUND plc This document supplements the current prospectus for European Wealth Investment Fund plc (the Company)

More information

Currency classifications

Currency classifications 0136PE_Chapter_03 1/5/03 10:52 am Page 25 3 Currency classifications Francesca Taylor, Taylor Associates Introduction Broad classification of currencies Indications of currency classifications Major currencies

More information

CGWM Bond Fund. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014. Investment Objective. Investment Policy.

CGWM Bond Fund. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014. Investment Objective. Investment Policy. CGWM Bond Fund To us there are no foreign markets. TM Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 This Supplement contains specific information in relation to the CGWM Bond

More information

Portfolio Management Mandate. Your individual solution with an LGT Bandwidth Mandate

Portfolio Management Mandate. Your individual solution with an LGT Bandwidth Mandate Portfolio Management Mandate Your individual solution with an LGT Bandwidth Mandate LGT Portfolio Management Mandate for the professional management of your investments The dynamic nature and increasing

More information

JPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*!

JPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*! AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Global Bond Fund December 2015 Asset Management Company of the Year 2014 Fundamental Strategies, Asia + Important information 1. The Fund invests primarily

More information

Foreign Exchange Investments Discover the World of Currencies. Private Banking USA

Foreign Exchange Investments Discover the World of Currencies. Private Banking USA Foreign Exchange Investments Discover the World of Currencies Credit Suisse Securities (USA) llc Private Banking USA 2 Foreign exchange: There s no ignoring the largest market in the world. Introduction

More information

Session #1 Building a Trading Plan

Session #1 Building a Trading Plan Session #1 Building a Trading Plan Legal Disclosure Trading Currencies may involve high risk and, potentially, the loss of any funds invested. Investment information provided may not be appropriate for

More information

Payment Acceptance Strategies in a Global Ecommerce Environment

Payment Acceptance Strategies in a Global Ecommerce Environment A division of Pivotal Payments Payment Acceptance Strategies in a Global Ecommerce Environment Presented by: Patrick Huynh, Senior Vice President, Client Solutions Introduction About GlobalOne GlobalOne

More information

CITI GLOBAL INTEREST RATES STRATEGY INDEX FUND SIMPLIFIED PROSPECTUS. Dated 4 August 2010

CITI GLOBAL INTEREST RATES STRATEGY INDEX FUND SIMPLIFIED PROSPECTUS. Dated 4 August 2010 CITI GLOBAL INTEREST RATES STRATEGY INDEX FUND SIMPLIFIED PROSPECTUS Dated 4 August 2010 This Simplified Prospectus contains key information in relation to Citi Global Interest Rates Index Fund (the Fund),

More information

The intelligent alternative

The intelligent alternative The intelligent alternative The ETF Securities Group provides accessible investment solutions enabling investors to intelligently diversify their portfolios. We are pioneers in specialist investments,

More information

The Perfect Investment

The Perfect Investment The Perfect Investment Investments Today There are a multitude of investment instruments available today: Equities, Debt, Futures, Options, Real Estate. Each has advantages and disadvantages. Recently,

More information

Wealth Management. Guiding private client investment strategies. Wealth management as it should be

Wealth Management. Guiding private client investment strategies. Wealth management as it should be Wealth Management Guiding private client investment strategies Wealth management as it should be Managing private client wealth for over a century At Smith & Williamson Investment Management, our focus

More information

Annual financial statements, distributions & tax issues

Annual financial statements, distributions & tax issues Portfolio Funds 2087605 CH0020876055 Credit Suisse (CH) Interest & Dividend Focus Balanced CHF A CHF CH 31.12. Distributing 19955038 CH0199550382 Credit Suisse (CH) Interest & Dividend Focus Balanced CHF

More information

Chapter 1.1. The Forex Market

Chapter 1.1. The Forex Market Chapter 1.1 The Forex Market 0 THE FOREX MARKET The Forex market is the largest financial market in the world. Nearly $3.2 trillion worth of foreign currencies trade back and forth across the Forex market

More information

FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS PENSIONS INVESTMENTS LIFE INSURANCE FREQUENTLY ASKED QUESTIONS SELF-INVESTED FUND EXECUTION-ONLY TRADING ACCOUNT Table of Contents 1. Introduction 2. How do I login to the Execution-Only Trading Account

More information

Discretionary Wealth Management

Discretionary Wealth Management Discretionary Wealth Management Specialist, Focused, Committed Using experience and expertise to invest for your future Contents 1 The practical importance of wisdom 2 Introduction to Discretionary Wealth

More information

Diversify portfolios with U.S. and international bonds

Diversify portfolios with U.S. and international bonds Diversify portfolios with U.S. and international bonds Investing broadly across asset classes such as stocks, bonds and cash can help reduce volatility and risk within a portfolio. Canadian investors have

More information

TRADING SECRET NO. 3 How to combine two simple tools to capture big trending moves, especially in currencies

TRADING SECRET NO. 3 How to combine two simple tools to capture big trending moves, especially in currencies TRADING SECRET NO. 3 How to combine two simple tools to capture big trending moves, especially in currencies 25 Currencies have a reputation for being markets that trend well. And, every business day over

More information

Fixed Income Training Seminar Asset Management Experience

Fixed Income Training Seminar Asset Management Experience Asset Management Fixed Income Training Seminar Asset Management Experience Philipp Büchler, Chris Koslowski, Markus Kramer, Manuel Walker Credit Suisse Asset Management Core Fixed Income Group Zurich August

More information

Chapter 1.1. The Forex Market

Chapter 1.1. The Forex Market Chapter 1.1 The Forex Market 0 THE FOREX MARKET The Forex market is the largest financial market in the world. Nearly $3.2 trillion worth of foreign currencies trade back and forth across the Forex market

More information

Nivesh Daily Currency

Nivesh Daily Currency Nivesh Daily Currency February 10, 2016 Currency Pivot Levels Currency % OI % Prev OI Close Pair Change Change %Change R * Pivot S* USDINR 68.13-0.08-5.44-6.96 68.3367 68.2183 67.9942 EURINR 76.35 0.62

More information

SUPPLEMENT Davy Cautious Growth Fund

SUPPLEMENT Davy Cautious Growth Fund Davy Funds p.l.c. An open-ended umbrella investment company with variable capital and segregated liability between sub-funds incorporated with limited liability in Ireland under the Companies Acts 1963

More information

Chapter 1.1. The Forex Market

Chapter 1.1. The Forex Market Chapter 1.1 The Forex Market 0 THE FOREX MARKET The Forex market is the largest financial market in the world. Nearly $3.2 trillion worth of foreign currencies trade back and forth across the Forex market

More information

Chapter 3.4. Forex Options

Chapter 3.4. Forex Options Chapter 3.4 Forex Options 0 Contents FOREX OPTIONS Forex options are the next frontier in forex trading. Forex options give you just what their name suggests: options in your forex trading. If you have

More information

How To Manage A Subfund

How To Manage A Subfund Dexia Equities L Luxembourg Open-ended Investment Company (SICAV) Simplified prospectus September 2005 Dexia Equities L Luxembourg Open-ended Investment Company (SICAV ) 69, route d Esch L-1470 Luxembourg

More information

COMMISSION TRADING: STOCKS AND ETFS INVESTMENT FUNDS ACCOUNT FEES ACCOUNT MAINTENANCE FEES. Commission Rates. Trades > 250,000.

COMMISSION TRADING: STOCKS AND ETFS INVESTMENT FUNDS ACCOUNT FEES ACCOUNT MAINTENANCE FEES. Commission Rates. Trades > 250,000. COMMISSION TRADING: STOCKS AND ETFS Market Commission Rates Trades > 250,000 US, Canada, UK 14.95 0.03% France, Belgium, Netherlands (Euronext), Germany 29.95 0.08% All Other Global Markets 49.95 0.09%

More information

Real Estate as a Strategic Asset Class. Less is More: Private Equity Investments` Benefits. How to Invest in Real Estate?

Real Estate as a Strategic Asset Class. Less is More: Private Equity Investments` Benefits. How to Invest in Real Estate? Real Estate as a Strategic Asset Class The Benefits of Illiquid Investments Real estate, a key asset class in a portfolio, can offer stable income returns, partial protection against inflation, and good

More information