AMC C&S Conqueror International Certificate CIC

CIC Net-Performance

All   3M   1M  


Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YP
2021
1008.62
1022.64
1022.59
982.03
990.77
996.53
999.52
1007.56
0.76%
Positive Impact

This month was marked by the optimism that long-term solutions will soon be found in the corona pandemic. Biden gives hope for quick vaccination results.

In general, Biden's speeches have so far had a fundamentally positive impact on the US markets. Both his statements on domestic and foreign policy issues.
Quote: "America is back."
His two trillion-dollar infrastructure package to rehabilitate the infrastructure and strengthen the economy was particularly well received.
The FED has announced that it will keep interest rates low for a long time, which has given the market further positive impulses.
ISM Purchasing Managers' Index (EMI) manufacturing was much positive in March.
Employment outside of agriculture exceeded its forecast.
The Reuters / Michigan Consumer Sentiment Index showed a positive development.
The annualized gross domestic product is much better than forecast.

Negative Impact

ISM purchasing managers index for the non-manufacturing sector (PMI) rather negative.
The ADP employment change remained below its forecast. Both at the beginning of the month and towards the end of the month.
The consumer price index excluding food and energy fell short of expectations for both the month and the year.
The retail sector suffered in March and fell short of expectations.
The orders for non-military goods without aircraft disappointed the analysts as well as the orders for durable consumer goods.

Generally

The dollar stabilized in March and recorded a significant upturn.
Asset Impact

Although the overall market tendencies go upwards the intraday volatility of the S&P 500 is rather high and behaves often atypically. As the asset is managed actively and supported by the algorithm the market volatility could not impact the CIC performance.
The market in April was characterized by new all-time highs and the typical challenges of an overbought market.

Minor announcements led to sometimes strong reactions and the rising uncertainty reached a level similar to the values around the turn of the millennium at the time of the dotcom bubble.

In order to avoid the risks of a suddenly falling market, there are currently also situations in which it is decided to refrain from an investment if the risk-reward ratio is not appropriate.

Very low volatility, which is currently having a negative impact on pricing in the options market is slowing down the development of the CIC at the moment.

Apparent opportunities turned out to be flops in the middle of the month. Thanks to risk management, the collapse of a stock of about 30% within one hour, in which the CIC was invested, had a negative impact of 1.2% on the portfolio. This was corrected during the rest of the month. This as well that the performance fee was calculated at 10% instead of 30%, which was corrected at the end of the quarter, has led to an adjustment of the NAV and the performance.

Despite a challenging market situation, the portfolio shows a balanced monthly result, with positive performance since launch in mid-February (+ 2.26%) and a very low variaton.

May

1. To protect the investor, a risk hurdle of 20% was imposed on the Portfolio Manager (PM) at the start of the AMC. This means that a maximum draw down of 20% is accepted. This maximized risk range had a weakening effect on the performance of the strategy on the one hand and on the other hand led to the fact that in intraday trading the positions had to be closed early or bought back. The early buyback scenario occurred twice in May due to the strong market volatility. The first time with 0.7%, the second time with 4.9% draw down.

2. The PM sets the strike positions based on the calculated volatility range of the underlying price. The volatility range itself contains various safety and risk zones which allow the PM to continuously monitor whether the strike positions are "in danger" due to unexpected, incalculable events and whether active intervention is required. Although the positions were not "at risk" according to the strategy at the events mentioned under point 1, they had to be closed due to the 20% risk hurdle.

3. The drawdowns have confirmed that the strategy does not allow any additional restrictions. The requirement of the 20% risk hurdle was withdrawn due to this. The strategy itself is designed to minimize risk absolutely. The residual risk is actively managed by the PM.

4. The current market still shows low volatility and strong market movements in intraday trading. Possible causes are inflation fears and the associated interest rate rise, overbought values and the almost daily statements by FED /FOMC exponents. This and a low need for hedging in the market put pressure on option prices, which are still low in the defined risk range and keep performance weak.
June
The market situation did not change significantly in June compared with the previous month. It remained unstable with very low volatility. In this respect, performance remained weak in relative terms. The announcement of the FED not to adjust interest rates for the time being despite rising inflation in the U.S. market makes the forecasts in the media very divergent. However, the statements pile up in the direction of an imminent crash and indicate signs as in the dotcom bubble of 2000.

With the trading strategy now freed from additional restrictions (see May Reporting), we achieved a plus of 0.89% in June and are only slightly below the initial value.

The portfolio manager consistently pursues the goal of steady gains, as far as possible without losses. In the daily decisions, the focus is primarily on risk minimization and the best possible trades within the calculated zone.
The market situation did not change significantly in July compared to the previous month. The markets remained in an uptrend with a high intraday fluctuation and a low volatility index. Accordingly, there was no positive impact on the CIC performance.

Market conditions continue to be very difficult for options trading. Nevertheless, the portfolio manager was able to keep the performance stable and make steady small profits without increasing the risk. This will continue to be the strategy, steady profit, albeit in small steps at the moment and with minimal risk.

It remains to be seen how John Biden's infrastructure injection will ultimately affect Fed policy and how strongly the markets will react to it. There are some voices in the media, which expect major changes in Q4. It remains exciting!

One µ away from breakeven we start into August 21.
The market remains very tense. The FED is discussing reduction of asset purchases (tapering) due to the positive economic development in the U.S. and the falling unemployment rates. An interest rate hike is expected in 2023. The impact of the Corona Virus Delta variant on economic development remains uncertain, as supply chain bottlenecks have already occurred due to closed docks in China, as well as distribution problems in the USA. This increases consumer prices, which further drives inflation and can lead to the fact that the Fed may decide to raise interest rates earlier. Investors still believe that monetary policy would not allow a downturn, accordingly, the markets continue to rise and option prices are down.

Thus, August also drew no significant change from the previous month and a boost to CIC performance was missing.

Since in this month some events took place, which can affect the intraday trade incalculable - e.g. FED meeting minutes, Jackson Hole Economic Symposium and Jerome Powell speech, the options expirations day. Therefore, in order not to expose the CIC capital to unnecessary risk, several days were not traded.

Nevertheless, the CIC was able to gain a little again and achieve a positive performance of 0.3%. Thus, we are just 0.48 USD away from the USD 1000 level to trade in the profit zone again. The CIC mantra remains: steady profit (albeit in small steps at the moment) and with minimal risk.

September is historically one of the poor months for the stock market. Movements are emerging in options trading that suggest a reversal of the longest winning run for U.S. equities since January 2018. We will see!

Monthly Report

August

The market remains very tense. The FED is discussing reduction of asset purchases (tapering) due to the positive economic development in the U.S. and the falling unemployment rates. An interest rate hike is expected in 2023. The impact of the Corona Virus Delta variant on economic development remains uncertain, as supply chain bottlenecks have already occurred due to closed docks in China, as well as distribution problems in the USA. This increases consumer prices, which further drives inflation and can lead to the fact that the Fed may decide to raise interest rates earlier. Investors still believe that monetary policy would not allow a downturn, accordingly, the markets continue to rise and option prices are down.

Thus, August also drew no significant change from the previous month and a boost to CIC performance was missing.

Since in this month some events took place, which can affect the intraday trade incalculable - e.g. FED meeting minutes, Jackson Hole Economic Symposium and Jerome Powell speech, the options expirations day. Therefore, in order not to expose the CIC capital to unnecessary risk, several days were not traded.

Nevertheless, the CIC was able to gain a little again and achieve a positive performance of 0.3%. Thus, we are just 0.48 USD away from the USD 1000 level to trade in the profit zone again. The CIC mantra remains: steady profit (albeit in small steps at the moment) and with minimal risk.

September is historically one of the poor months for the stock market. Movements are emerging in options trading that suggest a reversal of the longest winning run for U.S. equities since January 2018. We will see!

Monthly Report

August

The market remains very tense. The FED is discussing reduction of asset purchases (tapering) due to the positive economic development in the U.S. and the falling unemployment rates. An interest rate hike is expected in 2023. The impact of the Corona Virus Delta variant on economic development remains uncertain, as supply chain bottlenecks have already occurred due to closed docks in China, as well as distribution problems in the USA. This increases consumer prices, which further drives inflation and can lead to the fact that the Fed may decide to raise interest rates earlier. Investors still believe that monetary policy would not allow a downturn, accordingly, the markets continue to rise and option prices are down.

Thus, August also drew no significant change from the previous month and a boost to CIC performance was missing.

Since in this month some events took place, which can affect the intraday trade incalculable - e.g. FED meeting minutes, Jackson Hole Economic Symposium and Jerome Powell speech, the options expirations day. Therefore, in order not to expose the CIC capital to unnecessary risk, several days were not traded.

Nevertheless, the CIC was able to gain a little again and achieve a positive performance of 0.3%. Thus, we are just 0.48 USD away from the USD 1000 level to trade in the profit zone again. The CIC mantra remains: steady profit (albeit in small steps at the moment) and with minimal risk.

September is historically one of the poor months for the stock market. Movements are emerging in options trading that suggest a reversal of the longest winning run for U.S. equities since January 2018. We will see!


C&S CIC Strategy

C&S Conqueror International Certificate (CIC) is focused on hedged option traded strategies. The investment objective of the CIC is to achieve long term capital appreciation primarily through option fees and compound interest effect. The aim is a steadily growing performance with a very well controlled risk exposure. The strategy is supported by an algorithm, a mathematical approach to manage the risks during each day. The CIC aims to rank among the best performers in the long term. This assumption is based on extensive studies and calculations on market movements over the last 4 years. The model generates probability scenarios of short-term market movements with a high degree of confidence. The AMC Asset Manager is convinced that the trading strategy will generate excellent returns. With different option strategies full market flexibility can be reached in bullish as well as in bearish situations. Bull-Spread, Bear-Spreads, Iron Condors, Straddles and Strangles cover the majority of our strategies. Depending on the market, we deal with long- and short-term options including buying and selling equities through covered short positions. The fully hedged positions exclude the possibility of a portfolio indebtedness.

Short Selling is not allowed.

C&S CIC Strategy

C&S Conqueror International Certificate (CIC) is focused on hedged option traded strategies. The investment objective of the CIC is to achieve long term capital appreciation primarily through option fees and compound interest effect. The aim is a steadily growing performance with a very well controlled risk exposure. The strategy is supported by an algorithm, a mathematical approach to manage the risks during each day. The CIC aims to rank among the best performers in the long term. This assumption is based on extensive studies and calculations on market movements (Data back to 1904; 32 billion calculations) over the last 4 years. The model generates probability scenarios of short-term market movements with a high degree of confidence. The AMC Asset Manager is convinced that the trading strategy will generate excellent returns. With different option strategies full market flexibility can be reached in bullish as well as in bearish situations. Bull-Spread, Bear-Spreads, Iron Condors, Straddles and Strangles cover the majority of our strategies. Depending on the market, we deal with long- and short-term options including buying and selling equities through covered short positions. The fully hedged positions exclude the possibility of a portfolio indebtedness.

Short Selling is not allowed.

Current Figures

Value Of 1 Certificate
Initial USD 1'000
Current Certificate Value
USD 1007.56
Issue Date
17.02.2021
12 months high
1'026.01
12 months low
972.12
Certificates
795
Number of positive months
5
Number of negative months
1
Cash
20%
Level of investment
80%
AuM
USD 801'010
NAV Date
20.09.2021

C&S CIC Facts

ISIN
CH0587596997
Valor
58759699
Strategy Manager
Cura & Senectus Investment AG, Vaduz
Issuer Company
Incorporated cell of Swiss Asset
Segregated Platform:
Asset Segregated SPV no. 14
Registration Number 133326
Jersey
Paying Agent
ISP Securities AG, Zurich
Asset Manager
Cura & Senectus Investment AG, Vaduz
Clearing / Settlement
Six SIS AG, Olten
Issue Date
15th of February 2021
Price Calculation
Daily, Buy/Sell only between working hours from 8 a.m. to 5 p.m.
Accounting Currency
USD
Minimum Investment
1 Certificate and multiples of 1 Certificate
Management Fee
1.2% p.a.
Performance Fee
30% with high-water mark
Setup Fee
none
Trading Frequency
Daily (secondary market); Private Placement Switzerland
Calculation Agent / Swiss Paying Agent
ISP Securities AG
Administration Fee
Up to 110 bps p.a. for < 1m
75 bps p.a. for < 2.5m
50 bps p.a. for < 5m
40 bps p.a. for < 10m
35 bps p.a. for > 10m
Secondary Market Spread
Up to 100 bps
Offering
Private Placement for qualified investors ONLY. Not for public distribution
Jurisdiction
Swiss law
Please contact NWC if you wish any further information or a pdf factsheet.

How to invest in C&S CIC

ISIN CH0587596997
Valor 58759699

Buy ISIN through your broker account or bank deposit.

Value of Certificate depends on daily performance.

Contact ISP for any further information in regards to investments.

ISP Securities AG
Bellerivestrasse 45
8034 Zürich
Tel: +41 43 499 1414
trading@ispsecurities.ch
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March, 2021

What we do

Product Placement of AMC C&S CIC

Primarily we are mandated for Product Placements of financial instruments. The mandate is legitimated via licensed companies in Liechtenstein, Switzerland or EWR countries. A special product placement is the AMC C&S CIC. You will find all technical information about the strategy, performance etc. in the section Product Placement.

Consulting / Project- & Process Management

We offer profound experience in project- and process management in optimizing and digitizing your process alignment with your company strategy and data protection requirements.

Excellent communication and team building skills lead the project to the goal in the set time and cost frame and with a highly motivated project team.

Well experienced in the financial industry and data protection compliance.

About Us

Our Philosophy

What we do, we do with conviction, a strong commitment and care.

We use our time and our knowledge effectively and goal-oriented and basically strive for a win-win situation.

Win-win situation also means sharing what we receive with others. That is why we aim to invest part of our profits in innovative, charitable and sustainable projects.

Team

Tina Maria Hilgarth
Board of Directors / Owner / CEO
Tina manages the operational business. Sales and placement of financial products. With almost 20 years of experience in business analysis, project and process management as well as several years of experience in data protection issues. She is responsible for the overall strategy and the execution of mandates.
Alexander Graf von Platen-Hallermund-Dobbrunz
Board of Directors / Owner
Alex shares his legal and professional know-how as a certified financial investment specialist (IHK). He is as well an experienced technical analyst and the responsible portfolio manager at Cura & Senectus for the C&S CIC.
Roger Zulliger
Board of Directors
Roger provides us with his 30 years of experience in the financial industry and his business know-how as well as his expertise as a Certified Fund Officer IAF, Certified International Fund Strategy CIFS and Certified International Fund Officer FA.

Contact

Leave your details and we will get back to you.
New Way Consult AG
Hintergass 19
FL-9490 Vaduz
Tel: +41 76 573 31 74
info@n-w-consult.com
Commercial Reg FL-0002.654.247-6
Registered Advisor
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