Pharus Sicav Europe Total Return
Class A
ISIN: LU1437803098
Category: Alt - Multistrategy
14.07.2025
Key Information
| Net Asset Value | 130,54 EUR |
|---|---|
| Fund Size | 93.501.008 EUR |
| Launch Date | 31 mar 2015 |
| Benchmark | HEDGE FUND RESEARCH HFRX EQUIT |
Management information
| Sicav | Pharus Sicav |
|---|---|
| Management Company | Pharus Management Lux SA |
| Investment Manager | Carthesio S.A |
Investment objective
Pharus SICAV - Europe Total Return is an open-end fund incorporated in Luxembourg. The Fund's objective is to achieve long term capital appreciation. The Fund invests in European securities, such as equities, or fixed income securities issued by companies that are incorporated under the laws of and have their registered office in European countries.
Risk & reward profile
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14.07.2025
Manager comment
The manager remained weakly exposed to the equity asset class due to continued geopolitical instability and a deteriorating environment
macroeconomic. The weakly negative performance was achieved by keeping the fund's volatility to a minimum. We expect you to tell
context will continue to persist for the next few months. However, we continue to carry out trading and tactical operations by making targeted purchases on
companies that have undergone a marked repricing but which we believe will not undergo downsizing of the equity story. The current context there
it imposes the maximum, but it can in turn beware of interesting entry points both in the equity and in the bond market, though
keeping the duration of the portfolio to a minimum.
macroeconomic. The weakly negative performance was achieved by keeping the fund's volatility to a minimum. We expect you to tell
context will continue to persist for the next few months. However, we continue to carry out trading and tactical operations by making targeted purchases on
companies that have undergone a marked repricing but which we believe will not undergo downsizing of the equity story. The current context there
it imposes the maximum, but it can in turn beware of interesting entry points both in the equity and in the bond market, though
keeping the duration of the portfolio to a minimum.
Documents
Last updated on 14.07.2025
* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
| Buoni Ordinari Del Tes Zc 0% 30.09.25 | 9.49 % |
|---|---|
| European Union Bill Zc 0% 03.10.25 | 9.49 % |
| Buoni Ordinari Del Tes Zc 0% 28.11.25 | 5.26 % |
| Bonos Y Oblig Del Estado 0% 31.01.26 | 5.24 % |
| Ispim 7 3/4 Perp | 4.62 % |
| Illimity Bank Spa 6.625% 09.12.25 | 4.12 % |
| Banco Bpm Spa 6% 13.09.26 | 3.75 % |
| Optics Bidco Spa 3.625% 25.05.26 | 3.74 % |
| Philogen Spa | 3.32 % |
| Nexi Spa 1.75% 24.04.27 | 3.09 % |
