Andbank’s SIGMA Balanced fund earns four stars from Morningstar for the third consecutive month

Escaldes-Engordany, 9 July 2020.

Andbank’s investment fund, Sigma Balanced, has retained its Morningstar four-star rating in its institutional category. This rating has been earned through the accumulated profitability of 20% from the outset, and by overcoming by a comfortable margin the falls of 2020. In addition, Class P of the pension plan has also been awarded 4 stars in recent months – reaching 5 in March.

At close of business on Monday the fund had a positive return: a YTD of +0.47% (P) and of +0.07% (B) respectively, a rarity in these last months on account of the fluctuations in the markets due to the health crisis caused by Covid-19.

In view of these good results, Morningstar has awarded the Sigma Balanced fund one of its highest quality ratings. The agency rates investment funds in relation to their competitors, at three and five years, and takes into account the metrics of yield and risk.

Sigma Balanced is a mixed fund, UCITS IV, domiciled in Luxembourg, and invests mainly in bonds and shares, with an exposure band to variable income situated between 30% and 80%. It is advised by Jordi Riera, Head of Advisory & Portfolio Management at Andbank Andorra, who has extensive experience in managing funds and portfolios.

The selection and distribution of assets is based on the implementation of a broad and flexible macroeconomic vision, and on the application of qualitative and quantitative methods.

The companies are selected on the basis of quality, with prospects of solid growth and a favourable position in their respective markets. This approach is combined with great agility in strategic and tactical management, so that the fund will perform well in any environment.

Jordi Riera explains that “after several very difficult months due to the great impact of COVID-19 on the financial markets, the situation now appears to have stabilised. We have defended the investments of our clients and unit holders, and this allows us to face the coming months with confidence. We are aware that we find ourselves in a hugely complex environment, and that the uncertainty will continue for some time”. Riera adds that “for this reason, we believe that the Sigma Balanced fund, thanks both to its flexible strategy and its broad investment base, is one of the best alternatives on the market, and we hope that our clients will continue to place their trust in how we are managing this fund”.