Assenagon I Multi Asset Conservative: Successful strategy reaches over EUR 500 million fund volume

• Plus 9.4% performance since the beginning of the year, 5.7% p.a. over the last 5 years
• Fund consolidates its leading position in the defensive global balanced fund segment
• Multi asset strategy as an anchor of stability for conservative investors

Assenagon I Multi Asset Conservative is once again one of the leading global conservative mixed funds in the 2024 stock market year. In a challenging market environment, the fund has posted a performance of 9.4% since the start of the year, putting it almost 4 percentage points ahead of the "Morningstar Mixed Funds Defensive" peer group (as at 22.10.24). Over the past five years, the fund has achieved a return of 5.7% per year and has therefore regularly performed significantly better than the peer group. Compared to the money market, conservative investors with the Assenagon I Multi Asset Conservative, which invests flexibly in various asset classes and instruments, achieved a plus of 4.8% per year during this period.

Behind this success is a flexible portfolio allocation strategy based on independent and well-founded analysis. "We did not follow the general expectation at the beginning of the year that interest rates would fall massively and instead kept the interest rate risk in our portfolio low. This allowed us to take an early lead over the competition," explains Thomas Romig, Head of Multi Asset Portfolio Management at Assenagon. The brief slump at the beginning of August, when the stock market temporarily lost 10%, was used to optimize risk positions. As a result, the fund was able to make good use of the subsequent market recovery. Overall, the conservative multi-asset strategy once again proved its worth, as more than half of the overall performance in the current year comes from the areas of credits, commodities and absolute return. "We have achieved good gains not only through the equity component, but also through corporate bonds, alternative investments and the gold position," adds Romig.

Above-average performance leads to rising inflows

The fund currently ranks among the top 3 within a peer group of around 400 conservative mixed funds. The regular outperformance of Assenagon I Multi Asset Conservative has led to strong inflows of funds, contrary to the market trend, and has increased the fund volume to over EUR 500 million. This positive development underlines investors' confidence in the fund's strategy and reflects the continued attractiveness of the approach in a dynamic market environment.

About Assenagon I Multi Asset Conservative

The Assenagon I Multi Asset Conservative fund aims to achieve sustainable capital growth through flexible investments in various asset classes. With a multi-asset approach, the aim is to participate in the appreciation of a broad spectrum of promising asset classes over a medium-term period in order to achieve above-average performance compared to other defensive multi-asset strategies. Investments are made in international equities, bonds, loans, money markets, commodities and currencies, with a maximum physical equity allocation of 40% and a long-term fund price volatility target of between 3% and
6%. The portfolio management team makes discretionary selections from the available asset classes and segments and always looks for the optimal implementation alternative, be it ETFs, ETPs, target funds, derivatives or individual securities. The fund can benefit from rising ("long") or falling ("short") prices and invest in strategies that correlate as little as possible with traditional capital market developments. Depending on the unit certificate class, the fund aims to achieve an annual distribution of around 2.5% to 4% of the unit value at the beginning of the year. However, no guarantee can be given for compliance with the targeted volatility limits or the amount and regularity of distributions. The fund is actively managed and is not tied to a benchmark.

Munich, October 28, 2024