Multi Stars Sicav Regent Serenity Fund
Class DH
ISIN: LU1333049911
Category: GBP Flexible Allocation
24.04.2025
Key Information
| Net Asset Value | 11.975,92 EUR |
|---|---|
| Fund Size | 9.175.340 EUR |
| Launch Date | 4 gen 2016 |
Management information
| Sicav | Multi Stars Sicav |
|---|---|
| Management Company | Pharus Management Lux SA |
| Investment Manager | Pharus Management LUX SA |
Investment objective
The investment objective of this Sub-Fund is to achieve long term capital growth by investing in a diversified portfolio of equities and/or debt securities of any kind including convertible bonds and money market instruments without any geographical restriction.
Risk & reward profile
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24.04.2025
Manager comment
In February, U.S. stocks declined due to weaker economic data and concerns over trade tariffs. Fears that tariffs could drive inflation higher and uncertainty about the sustainability of mega-cap tech earnings, particularly in AI, weighed on the market. President Trump threatened 25% tariffs on EU goods and confirmed planned tariffs on Canadian and Mexican imports starting in March. On last FED meeting, policymakers indicated they wanted to see “further progress on inflation” before considering any further rate cuts.
Meanwhile, European stocks outperformed, supported by strong corporate earnings and shareholder return plans. The defense sector saw notable gains, driven by expectations that European governments would increase military spending.
UK equities rose led by gains in the financial, healthcare, and industrial sectors. While government bond markets stabilized, concerns about the UK’s fiscal outlook persisted. UK was spared from U.S. tariffs, which helped strengthen the sterling, along with hopes of improved relations with the EU.
Meanwhile, European stocks outperformed, supported by strong corporate earnings and shareholder return plans. The defense sector saw notable gains, driven by expectations that European governments would increase military spending.
UK equities rose led by gains in the financial, healthcare, and industrial sectors. While government bond markets stabilized, concerns about the UK’s fiscal outlook persisted. UK was spared from U.S. tariffs, which helped strengthen the sterling, along with hopes of improved relations with the EU.
Documents
Last updated on 24.04.2025
* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
| Barclays Plc Tv 22.11.30 | 5.05 % |
|---|---|
| United Mexican States 5.625% 19.03.14 | 4.21 % |
| Swiss Re Ag | 4.04 % |
| Edf 5 7/8 Perp | 3.99 % |
| Nestle Sa-reg | 3.96 % |
| Roche Holding Ag-genusschein | 3.91 % |
| Aviva Plc-b Share | 3.67 % |
| Heathrow Funding Ltd 7.075% 04.08.30 | 3.24 % |
| Bae Systems Plc | 3.2 % |
| Euronav Luxembourg Sa 6.25% 14.09.26 | 3.11 % |
