Special Opportunities Fund SICAV– World Select ESG Fund

Overview
Investment Objectives

The Sub-Fund is a low net (-30% to +30%) long-short UCITS fund focusing predominantly on the American, European and Asian markets. It employs a fundamental approach to identify quality companies through an investment universe screening and company review process and promotes environmental characteristics as per Article 8 of SFDR. It is actively managed with no reference to a benchmark.

 

The main objective of the Sub-Fund is to achieve long-term capital appreciation principally by predominantly (i.e, more than 51% of its assets) investing in securities listed on stock exchanges or dealt in on regulated markets of countries throughout America, Western Europe and Asia (including but not limited to the United States, Canada, the United Kingdom, member states of the European Union, Switzerland, Norway, South Korea, the People’s Republic of China, Hong Kong, Taiwan, Japan, India, Indonesia, Vietnam, Thailand, the Philippines, Malaysia, Australia, New Zealand and Singapore), respective of their industry and sector affiliation.

 

The stock selection process starts with screenings of the investment universe to identify potential candidates by considering CO2 footprint factors (as further described below under section “ESG promotion”). These potential investments are then investigated to review their fundamental characteristics, with a particular focus on their earnings quality profile. A conclusion is then reached that also include indications regarding valuation and tactical inputs (to be understood as technical indicators).

 

According to the principle of risk diversification, the Sub-Fund’s net assets are mainly invested in a portfolio of equities or equity-related securities. Exposure may be reached through investment in various instruments including but not limited to equities, options, warrants, contracts for difference and other derivative instruments both exchange-traded and over-the-counter which underlying are predominantly listed equities and eligible financial indices.

 

ESG Promotion

Sustainability risks are integrated into the Sub-Fund’s investment management process and the Sub-Fund promotes environmental characteristics with a specific focus on CO2 pollution. Therefore, it applies an environmental indicator upgrade approach by considering the tons of CO2 per million dollars invested indicator divided by the long exposure of the portfolio of the Sub-Fund (“CO2 Footprint”).

 

The CO2 rating coverage rate is, measured on a yearly average based on the month-end net asset value of the Sub-Fund and on company specific data or data for the industry companies belong to, at least 90% of the Sub-Fund’s large capitalisation equity long position investments (or 75% for equities issued by small and medium capitalisation equity investments and emerging market countries).

 

The average CO2 Footprint of the Sub-Fund’s long equity portfolio should be, measured on a yearly average, based on the month-end NAVs of the Sub-Fund on company specific data or data for the industry companies belong to and on frequency of updates of relevant data of CO2 Footprint,  lower than the sum of 50% of the average CO2 Footprint of the MSCI World index and 50% of the average CO2 Footprint of the MSCI Emerging Markets index. The attention of the investors is however drawn to the fact that the Sub-Fund is actively managed and does not replicate the MSCI World or MSCI Emerging Markets indices. The portfolio manager has full discretion to select the investments and may freely choose how to compile the portfolio and is not tied to these indices in selecting and weighting equities. These indices are used for ESG promotion purposes only and are not consistent with the environmental characteristics promoted by the Sub-Fund.

Additional Information

Click here for risk factors of the Fund.

Portfolio Manager
Benoit Descourtieux

Benoit Descourtieux is the Chief Investment Officer of the Special Opportunities Fund SICAV established in Luxembourg. He has been working in asset management industry since 1986 and has resided in Asia since 1987. Benoit was a founder and principal at Calypso Capital Limited ("Calypso", predecessor company of OP Investment Management Limited), an alternative independent investment manager established in Hong Kong in 2003 which became in 2008 OP Investment Management Limited. Before setting up Calypso, he was President and Chief Executive Officer for Lombard Odier (Asia) Limited from 1999 to 2003, acting as office head and Chief Investment Officer. Prior to that he was from 1997 to 1999 an Associate Director at Indocam Asset Management, the Asian investment arm of Credit Agricole Asset Management, managing equity, fixed income and balanced products with both absolute return and benchmark focus.

 

Fund Facts
Domicile
Luxembourg
Denomination Currency
USD, EUR, CHF, GBP
Fund Launch Date
March 2019
Management Company
Edmond de Rothschild Asset Management (Luxembourg)
Investment Manager
OP Investment Management Limited
Sub-investment Manager
N/A
Asset Class
Listed securities
Country and/or Industry Focus
Global
Benchmark Index
N/A
BBG Ticker
SOFWSWU:LX for the Founders’ share class in USD
BBG Ticker
SOFWSWE:LX for the Founders’ share class in EUR
Partners
Custodian
Administrator
Auditor
Legal Council
Last updated: September 2021

Terms of Use and Disclaimers

Important

 

OP Investment Management Limited (“OPIM”) is a regulated institution in Hong Kong by the Securities and Futures Commission (“SFC”).

 

This website contains information about OPIM and may reference services and products offered by OPIM.

 

By proceeding, you are representing that you have understood and accept the restrictions set out in this section.

 

The website is prepared by OPIM and has not been reviewed by the SFC.

 

 

Legal and sales restrictions

 

The contents of this site are intended for Professional Investors’ use only. “Professional Investor” has the meaning ascribed to it in the Securities and Futures Ordinance (Cap 571) (“SFO”) and its subsidiary legislation. If you are not a “Professional Investor”, you shall not accept these Terms of Use and Disclaimers.

 

The contents of this site are not intended for distribution to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) OPIM or its affiliates would be subject to licence or registration requirements of that jurisdiction, or the publication or availability of the contents is prohibited.

 

You are responsible for observing all applicable laws and regulations of the relevant jurisdictions before proceeding to access the information contained herein. All information on this Website is solely prepared for communications with persons which are authorized to receive such information under applicable laws.

 

 

No Offer

 

This site is for informational purposes only. Neither the information nor any opinions contained in this site constitutes a solicitation or offer by OPIM or any of its affiliates to buy or sell, whether as principal or agent, any securities, futures, options or other financial instruments or provide any related service or investment advice in any jurisdiction or country where such distribution or use would be contrary to local laws or regulations. The information contained in these pages is not intended as any investment advice. Persons accessing these pages should obtain appropriate professional advice when necessary.

 

 

No Warranty

 

Although the information on this site is obtained or compiled from sources believed to be reliable, OPIM cannot and does not warrant the accuracy, validity, reliability, timeliness or completeness of any such information.

 

OPIM expressly disclaims any warranties of merchantability or fitness of a particular purpose or duties of care. All information on this site is provided "as is", and is subject to change without prior notice.

 

 

Limitation of Liability

 

In no event will OPIM or its affiliates be liable or have any responsibility for damages of any kind, whether direct, indirect, special, consequential or incidental, resulting from access or use of, or inability to access or use, this site or any sites or pages linked to this site, including (without limitation) damages resulting from the act or omission of any third party, even if OPIM or its affiliates has been advised of the possibility thereof. OPIM and its affiliates assume no responsibility for ensuring that the functioning of this site will be uninterrupted or error-free.

 

 

Use of Links

 

Should the viewer leave this site via a link contained herein, and view content that is not provided by OPIM, the viewer does so at its own risk. OPIM is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. OPIM makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party or have any responsibility, including without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.

 

 

Copyright and Trademarks

 

OPIM and other parties own the trademarks and logos displayed on this site. These may not be used without the written permission of OPIM or the party owning these. Also, the information on this site are protected by copyright and no part of it may be copied, transmitted, disseminated, sold, distributed, published, broadcasted, circulated, stored for subsequent use or commercially exploited in any manner without the prior written consent of OPIM.

 

 

Internet Security

 

OPIM does not represent or warrant that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. You hereby acknowledge and confirm that the internet is not a secure medium where privacy can be ensured, and that complete security and confidentiality over the internet is not possible at this time.

 

You have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses or other destructive properties.

 

OPIM shall not be responsible or liable for any harm that you may suffer in connection with any such breach of confidentiality or security.

 

OPIM also makes no representations or warranties regarding the accuracy, functionality or performance of any third party software that may be used in connection with this site.

  

 

Amendment

 

The information contained on this site is subject to modification and update from time to time without notice.

 

 

Additional Terms

 

Certain sections or pages on this site may contain separate terms and conditions which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions will govern for those sections or pages.

 

 

Governing Law

 

Use of this site shall be governed by the laws of Hong Kong Special Administrative Region.

 

 

 

 

DECLINE ACCEPT