Competencies

Innovative Portfolio Management (ETFs)
Asset Allocation
Performance Analysis and Reporting

Consolidated Total Wealth Analysis & Reporting
Monitoring of Assets
Negotiation of fees with depositary banks
Tax & Financial Engineering
Estate & Gift /Legacy Tax Planning
Non-Traditional Assets Advisory (Shipping, Real Estate, Fine Arts,…)

Exchange Traded Funds (ETFs) are essentially investment index funds that are listed and traded on exchanges throughout the day. The value of an ETF is based on the value of a basket of shares that tracks/replicates an index.

The trading rules and practices are those of the stock market. ETFs shares are purchased and sold in the secondary market all-day long rather than being subscribed and redeemed to the Fund Administrator like conventional investment funds. Like any other shares, they are traded on a commission basis (brokerage fees).

Furthermore, the trading price of ETFs will be subject to a bid-ask spread, which is generally narrow on most of these products. They can be purchased on margin (money borrowed from a broker), are lendable, can be sold short even on a downtick and may be traded using stop or limit orders. For investors who own ETFs, the lending revenue which can be earned may, at times, more than cover the annual expense ratio.

They enable investors to gain broad exposure to entire stock markets in different countries and specific sectors with relative ease, on real-time basis, and at a lower cost than many other forms of investing. Small divergences in performance are possible between an ETF and the index it tracks due to fees and expenses, a slight premium and discount, a tracking error because of optimised (sampling) replication, rebalancing due to index changes or the dividend reinvestment policy of the fund.