Disclaimer

Legal information

The following information is exclusively provided to individuals domiciled in Germany. The information is related to funds which are registered, notified or otherwise authorized in Germany and as such have been permitted for public offering in Germany. The information about the funds is not intended for individuals that are resident in a country where a public offering is not permitted. This website and the information provided on this website shall not constitute an advertisement, an offer to sell or a solicitation to purchase or subscribe any shares or units in the funds mentioned on this website. The key investor information, the prospectus, the annual and semi-annual reports of the funds are available on this website to comply with statutory requirements. The following information is general in nature and is not and may not be construed as constituting investment advice or any form of recommendation by Universal-Investment.

The funds mentioned on this website are not intended to be offered in the United States or to US Persons (US citizens and residents, companies incorporated under US law). Therefore, the shares or units in the funds may not be offered or sold in the United States or for the account or benefit of any US person. Subsequent transfers of the shares or units in funds in the United States or to US Persons are not permitted.

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nordIX Basis UI AK R

Our nordIX Basis mutual funds are solely investing in so called “negative basis trades”. Such trades are aiming at a mostly risk-free return by simultaneously acquiring a bond and its corresponding hedging instruments: a credit default swap and an interest rate swap. By combining these components, the investment compares to an investment in a floating bond whose redemption is guaranteed by the protection seller.

Negative basis investment opportunities in bonds may occur if the solvency or the credit rating changes or if the bonds trades at a premium due to low liquidity. To cover the credit risk of the bond, the credit default hedge is placed with a top-rated counterparty (e.g. DZ Bank). Usually, collateral is additionally provided to minimize the counterparty-risk. By means of an interest rate swap, the interest rate risk is eliminated in order to immunize the portfolio against interest rate raises.

Our nordIX Basis funds both fit institutional investor’s (tranche I) and private investor’s (tranche R) needs, who want to make stable returns without increasing the risk. Our long-term experience combined with a wide network makes it possible to continuously identify opportunities for negative basis trades and therefore to compile a diversified portfolio. We aim at a performance of approx. 2.0 % p.a. (tranche I) respectively 1.75% p.a. (tranche R). The negative basis trade’s capital requirement is linked to the rating of the protection seller under the substitution approach.

Überblick

Sofern wir einzelnen institutionellen Investoren weitere Unterlagen oder Informationen für dieses Sondervermögen zur Verfügung stellen, werden diese im Interesse der Gleichbehandlung unserer Investoren zeitgleich hier für alle Anleger zugänglich gemacht. Dieser Bereich ist nur für registrierte Investoren zugänglich, die erforderlichen Zugangsdaten stellen wir auf Anfrage gern zur Verfügung. Wenden Sie sich hierzu bitte telefonisch unter 040 3099776-11 an Moritz Schildt oder per E-Mail an compliance(at)nord-ix.com.

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