Infomance’s Post

Securities and Exchange Board of India (SEBI) turns to the public for the enhancement of AIFs valuation framework. The proposal rational is simple: To seek public opinion on AIFs valuation framework in hopes of guiding the adoption of a simple, consistent and standardized approach for valuing investment portfolios. "The key proposals include (a) the applicability of valuation norms under SEBI (Mutual Fund) Regulations to compute the valuation of AIFs’ investment portfolios, (b) the eligibility criteria for independent valuers to be appointed by AIFs and (c) extending the timeline to report valuation of investments to performance benchmarking agencies to 7 months." Read Taxmann's full blog here: https://lnkd.in/eFqNvRV7

Key consultation, have your voice heard! Only 22 plain English questions

As part of the ongoing implementing work following the AIFMD review, ESMA launched a consultation on loan-originating alternative investment funds. It relates to the requirements that these funds have to comply with in order to have an open-ended structure (derogating from the general rule that loan-originating funds have to be closed-ended). The consultation paper is available below and we're looking forward for receiving input by 12 March next year. https://lnkd.in/eUyK6zjR

The Public Investment Fund (PIF) has released its Annual Report for 2023, highlighting strong financial performance and a dedication to transparency and governance in accordance with GIPS international standards. The report shows a 29% increase in Assets under Management (AuM), reaching SR2,871 billion ($765 billion) by the end of 2023, and growing further to $925 billion by July 2024.     #PIF #AnnualReport2023 #FinancialPerformance #Transparency #Governance #GIPSStandards #AssetsUnderManagement #SaudiEconomy #Investment #EconomicGrowth https://shorturl.at/piFxr

SEBI’s new asset class, Specialised Investment Funds (SIFs), aligns with the objective of UCITS available in the European market. Both asset classes promote diversification, transparency, liquidity, and investor protection. SIFs are new to the market, but UCITS have been around since 1985. They have evolved over time; I hope Indian regulators would do the same with SIFs. These are the investment funds that are structured as mutual funds but can diversify their portfolios as much as hedge funds can do. Currently at 20 trillion Euro AUM, 75% of investments are done through these funds in the EU. Can we expect the SIFs to do the same in India? The core benefit of this is that if one UCIT registers itself in one EU country, it can sell its products in all EU countries without the need to do registration again. ● 5/10/40 rule: The 5/10/40 rule limits the amount of assets a UCITS can invest in a single asset or group of assets: No single asset can represent more than 10% of the fund's assets.  Holdings of more than 5% cannot exceed 40% of the fund's assets.   Similarly, SIFs can't invest more than 15 percent of the company's paid-up capital with voting rights. And neither can they invest more than 10 percent of its NAV in equity shares of any company.   ● No minimum investment level is applied under UCITS regulation (although funds may fix levels themselves); no investor eligibility criteria are applied. Minimum Investment in SIF is Rs 10 lakh and is limited to certain kind of investors.   ● Direct exposure to real estate and commodities is not permitted.   Similarly, SIFs can invest up to 20 percent of their total assets in REITs or InvITs but no more than 10 percent in any single one of these instruments. Please reach out to me via DM if you want to discuss the same. Please find the other benefits of UCITS in the comment section. MICS International

Pengana Capital Group has been nominated as a finalist in the 'Best Alternative Asset Manager' category for the Australian Wealth Management Awards 2024. Thank you to Momentum Media for highlighting the recent innovation and leadership in the sector, including our position as provider of Australia's only truly diversified global private equity listed investment trust (ASX:PE1). To find out more about our latest upcoming product launch in this space, you can access our offer page for the Pengana Global Private Credit Trust (ASX: PCX) here: https://hubs.li/Q02wCL150 #alternativeasset #manager #investing #privatecredit #LIT #portfolio #alternative #asset #finalist

“VCAM and NHSV’s 5.3 Million Certificate Sale” https://ift.tt/qPIQa5j The transaction was made to restructure the investment portfolio. Following the transaction, NHSV reduced its holding from 12.5 million certificates to 7.2 million certificates. According to the report on the change in net asset value (NAV) of VCAM-NH VABF as of the transaction date, October 28, the NAV was recorded at 11,381.5 VND/certificate, corresponding to a deal size of approximately 60 billion VND. As of October 29, the NAV of the fund reached 11,388.8 VND/share, up nearly 14% from its establishment. Source: VCAM-NH VABF NHSV and Vietnam Securities Investment Fund Management Company (VCAM) established the Vietnam Bond Investment Open-ended Public Fund (VCAMFI). On September 22, 2022, the State Securities Commission granted a Certificate of Registration for the Establishment of a Public Fund to VCAMFI with an initial scale (AUM) of 150 billion VND. VCAMFI was later renamed the Vietnam Bond Investment Fund VCAM-NH (VCAM-NH VABF). The fund is managed by VCAM itself. In terms of connections, Mr. Nguyen Van Quang is currently both a member of the Fund Representative Board and Acting Deputy General Director at NHSV. Mr. Nguyen Van Quang holds a Bachelor of Economics in Investment from the National Economics University and a Master of Business Administration from James Cook University. He is introduced by VCAM-NH VABF as having more than 10 years of experience in the securities industry. As of September 30, 2024, in addition to Mr. Quang, VCAM-NH VABF had two other members on the Fund Representative Board: Mr. Nguyen Minh Hoang and Mrs. Phan Thi Hong Lan. The fund’s Chairman of the Board is Ms. Nguyen Thanh Phuong, known for being a co-founder of VCAM and Vietcap Securities (VCI). VCAM-NH VABF is a type of open-ended fund, mainly investing in corporate bonds, term deposits, and fixed-income instruments (including certificates of deposit, government bonds, fixed-rate products, and other securities). According to the Q3/2024 financial statements of VCAM-NH VABF, as of September 30, 2024, the fund’s net asset value exceeded 170 billion VND. The asset structure mainly comprises listed bond investments of over 125 billion VND, including bonds from Agricultural BAF Vietnam (BAF), Technical Infrastructure Investment of Ho Chi Minh City (CII), Construction Coteccons (CTD), VietinBank (CTG), Electricity of Gia Lai (GEG), LPBank (LPB), Masan Group (MSN), Investment and Trading (TNG), Agribank (VBA), Vinhomes (VHM), and Vincom Retail (VRE). The investment portfolio also recorded 16 billion VND in term deposits with a term of more than three months. In addition, the fund had nearly 26 billion VND in bank deposits and cash equivalents, almost entirely in bank deposits for fund operations at Vietcombank, the fund’s supervisory bank. Additionally, the fund had nearly 4 billion VND in receivables and accrued dividends and interest from...

As we pass the interim period for the IFSL Wise Multi-Asset Growth Fund, Wise Funds Ltd's Vincent Ropers, looks back at the last 6 months. Reviewing the market conditions, performance and the outlook for our growth fund. #multiasset #investmentreview #longterminvesting #growth #Wisefunds #investment

Mutual Fund - For those looking to invest in mutual funds through SIPs or lump-sum during market dips, here are some top mutual funds to consider: #mutualfund #sabarisec 1. Expense ratio - should be less than 1 2. Alpha - Alpha is the excess return of an investment compared to the return of a benchmark index. positive alpha indicates that the fund has outperformed the benchmark index negative alpha suggests underperformance. 3. Beta - Beta is another key financial metric used to measure the volatility or systemic risk of a fund in comparison to the market as a whole Beta > 1 scheme is more volatile and riskier than the market Beta < 1 scheme is less volatile and risky than the market 4. Sharpe ratio is a measure used to evaluate the risk-adjusted return of an investment. It helps investors understand how much return they are receiving for the level of risk they are taking. Higher Sharpe Ratio: Indicates that the investment has delivered higher returns per per unit of risk. Generally, a Sharpe ratio above 1 is considered good, above 2 is very good, and above 3 is excellent. Lower Sharpe Ratio: Suggests that the returns are not sufficient to justify the risk taken. A Sharpe ratio below 1 may indicate that the investment's returns do not adequately compensate for its risk. 5. Sortino ratio is a variation of the Sharpe ratio that provides a more refined measure of risk-adjusted return by focusing specifically on downside risk. Higher Sortino Ratio: > 1 Indicates that the investment has delivered higher returns per unit of downside risk. Generally, a higher Sortino ratio is preferred. Lower Sortino Ratio: < 1 Suggests that the returns do not adequately compensate for the downside risk taken.

The Role of Sectoral and Thematic Mutual Funds in Portfolio Growth #vamicapital #mutualfunds #portfolio #sip #nfo #investment #sectoralfund #thematicfund