Specialists in frontier and emerging markets
Fact sheets derivative funds published

Fact sheets derivative funds published

Published on January 18, 2017

On a monthly basis the Japanese Nikkei index went up by 2.7 percent in euro in December. The fund price of the Japan fund increased by 3.3 percent. The yen, which often serves as a proxy for the ... Read more

Market Monitor

Market Monitor

Published on January 18, 2017

The Market Monitor provides fundamental and technical data about the markets in which the Derivative Funds are active. Read more

Fact sheets derivative funds published

Fact sheets derivative funds published

Published on December 15, 2016

In the month of November the HSCEI index went up 6.4 percent in euro terms. The price of the China fund rose by 4.4 percent. The value of the Hong Kong dollar rose 3.3 percent. The trading m... Read more

Fact sheets derivative funds published

Fact sheets derivative funds published

Published on November 15, 2016

The Intereffekt Active Leverage Brazil fund increased by 88.9% this year until October. A nice increase but given the level of leverage the fund runs a bit behind. The reason for this is that the trad... Read more

Fact sheets derivative funds published

Fact sheets derivative funds published

Published on October 14, 2016

In September the HSCEI index went up 0.2 percent in euro terms. The fund price of the China fund increased by 0.6 percent. The value of the Hong Kong dollar fell 0.6 percent. The trading model re... Read more

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Derivative fund India

Fund profile

Intereffekt India Warrants is called Intereffekt Active Leverage India from 2 November 2015.

Intereffekt Active Leverage India invests in derivatives. The goal of the fund is to obtain a position on the financial markets in India. The fund is aiming at a leverage of 2 to 3 times the return on the underlying values. Its investment policy will be aimed primarily at achieving capital growth (the fund will not pay any dividends). The risk profile is high, due to investments being channeled into the emerging markets of India. The manager will not use a benchmark as a gauge for the purposes of determining investment policy or comparing the results achieved by the fund.
Intereffekt Active Leverage India is a subsidiary fund of Intereffekt Investment Funds N.V. (IIF), established with a so-called umbrella structure.

Fund performance

grafiek india sep

The Fund Manager writes

The financial year 2016 has ended. It is time to look back on this eventful year. There have been many events that affected the financial markets and the economy in India. On September 8, the Nifty Index closed at the highest position of the year (8952.50), after the index made lower highs. Mid November 2016 positive returns in the Nifty Index evaporated completely. Finally, the index managed to obtain a positive return of 3% in rupee and 3.4% in euro.

For 2016 foreign institutional investors were net sellers, while domestic parties have pumped more than Ä 4.6 billion into the market. Sales by foreign parties are rather a global phenomenon, given the appreciation of the dollar against other currencies. A major reason to operate on the sell side was the choice of the British people to leave the European Union. The euro strengthened against the dollar due to this decision. In addition, the election of Trump as the new president of the United States gave an additional boost to the dollar. This appreciation of the green back was at the expense of many emerging markets. In 2016, the rupee weakened by 2.6% against the dollar, 1.9% weakening occurred after Trumpís election.

Some important developments that may affect the direction of the markets in 2017 are related both domestically and abroad. Some domestic developments are the demonetarizing of the rupee (hunting of black money) the impact on operating results, the National Budget from 2017 to 2018 and the introduction of the GST (General Service Tax). Major foreign developments that have already been put in motion in 2016 are: a stronger dollar and the notice of the Fed to raise interest rates not twice, but three times in 2017. The degree of a rate increase will have an impact on India. In addition, monetary and political events in Europe will be important. In several European countries (in particular Germany) there will be general elections. Furthermore, oil prices always affect the household budget of India because of its oil imports. The current level of $ 52 gives no problems of any kind. Finally, Trump announced to create trade barriers. This will affect India, but to a limited extent. Exports to the US is only 16%, while 42% goes to developed economies ex-US and 40% to other emerging countries. On balance, India can develop its economic and financial area more positive and threats can be seen as opportunities.

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Latest factsheet
Factsheet India 2016-12

Factsheets archive
Factsheet India 2016-11
Factsheet India 2016-10
Factsheet India 2016-09
Factsheet India 2016-08
Factsheet India 2016-07
Factsheet India 2016-06
Factsheet India 2016-05
Factsheet India 2016-04
Factsheet India 2016-03
Factsheet India 2016-02
Factsheet India 2016-01
Factsheet India 2015-12

Market Monitor / Trading model
Latest Market Monitor

Legal information
Key Investor Information Document
Change of conditions 2016-12
IIF semi-annual report 2016
Trustus conflict of interest policy 2016-07
Trustus annual report 2015
IIF annual report 2015
Change of conditions 2015-11
Name change funds 2015-10
Certificate of Incorporation TRUSTUS
Certificate of Incorporation Intereffekt
Prospectus
Licence

Disclaimer

No rights may be derived from this publication. You are referred to the prospectus and Key Investor Information Document for the fund's terms and conditions. These documents may be obtained from the website or the address mentioned below. The manager of IIF has obtained a licence for this fund from the Netherlands Authority for the Financial Markets in accordance with the provisions of the Financial Supervision.