Dear Superfund Investors,
Following the recent recast of the Austrian Alternative Investment Fund Manager Act (AIFMG), which governs the sale of managed futures funds to retail investors in Austria, the prospectus for the Superfund SICAV funds has been amended with effect from 28 November 2014.
With this amendment, the Superfund Green and Red funds may henceforth, in line with the new legislation, also be publicly distributed in the Austrian market to private investors. In order to meet the requirements, the Superfund trading systems have, in accordance with AIFMG, been expanded to include an additional control mechanism to monitor and, as necessary, limit the risk of loss.
For unit classes denominated in gold and silver, hedging positions to reflect fluctuations in the prices of these precious metals are likewise now being monitored to ensure compliance with these legal stipulations on risk. As in the past, these hedging positions are managed to remain as close as possible to a completely hedged position, which is the objective of these unit classes, but without any assurance or guarantee that the total net asset value of the gold and silver share classes will be completely hedged at all times with respect to changes in the prices of gold and silver.
In terms of investor profile, these modifications to the Superfund Green and Red funds in accordance with AIFMG change nothing: The objective of these funds remains medium- to long-term capital growth. Furthermore, because these funds have little to no correlation with traditional asset classes such as equities and bonds, the Superfund Green and Red funds may serve to reduce overall portfolio risk while at the same time raising the probability of higher portfolio returns, making them an ideal addition to a balanced investment portfolio.
You can find the amended prospectus by clicking here.