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S&P assigns A rating to Reyl (Lux) Global Funds – European Equities Fund

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Standard & Poor’s Fund Services has assigned an A fund management rating to the Reyl (Lux) Global Funds – European Equities Fund.

Launched in January 2003, the fund ranks top decile over five years due to its model which has worked well in difficult markets for a quant process. 

Since inception, the process has shown a considerable bias to small-cap equities and turnover of 20 per cent to 30 per cent at re-balance – 400 per cent a year – is not uncommon.
 
The fund aims to outperform the DJ Stoxx 600 index by five to eight per cent over three to five years, with volatility in line with the index. In terms of performance, returns in 2005 and 2006 were strong relative to peers. Whilst 2007 was more difficult, above-sector average returns in 2008 and again in 2009 were boosted by stock selection amongst sub-EUR1bn companies, notably in the materials’ sector.
 
The fund is run by a team of three headed by Thomas de Saint-Seine, who has over 14 years’ investment experience and nine years working on quant strategies. The team is responsible for portfolio management and research for three European strategies and has been together since 2007.
 
“Although the team is small and has less experience relative to more highly rated peers, the strong performance from a model that has been developed skilfully and implemented well, allow the fund to achieve an S&P A rating,” says S&P Fund Services lead analyst Daniel Vaughan.
 
“This first rating from Standard & Poor’s rewards our discipline and constant research in the field of European Equities. We are proud and hopeful that this additional recognition will consolidate our reputation. We remain committed and confident that we will continue delivering performance and transparency to our investors. The flexibility of our bottom up approach has performed in line with our expectations and is adapting well to a fast changing environment,” adds de Saint-Seine.

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