EMU & Denmark liquid capitalizations fund - Low volatility portfolio with active option-based strategies

NAV : 944.12 | Perf YTD : +1.61% | as of 24/02/2021
Investment strategy

REOS aims to outperform its benchmark index whilst reducing volatility and Max Drawdown. It is designed around three pillars:

- Pillar 1 is a low-volatility and equally-weighted stock (strategic portfolio)

- Pillar 2 is a specific and systematic overlay strategy (composed of a strategy of calls and puts). REOS’s overlay is specifically designed to permanently stabilize the SCR Equity Type 1 required for insurance companies at 20% (end-of-month calculation).

- Pillar 3 is the implementation within the fund of Pillar 2 (tactical portfolio), which allows Rivage to generate an additional source of alpha for investors.

1 month 3 months 6 months YTD 1 year Creation
REOS - ID 0.36% 6.69% 1.73% 1.61% -8.49% -5.59%
MSCI EMU net dividends reinvested -2.07% 3.65% 10.12% -0.52% -4.47% 22.74%
1 month 3 months 6 months YTD 1 year Creation
REOS - ID 6.10% 7.60% 18.20% 7.30% 19.60% 10.90%
MSCI EMU net dividends reinvested 14.40% 17.30% 18.00% 14.00% 30.90% 19.60%
Risk profile
1 2 3 4 5 6 7
Potentially lower return
Potentially higher risk

The risk indicator is at level 4 because the Fund's exposure to foreign exchange risk and the equity markets mean it is highly volatile.


Past performance is not a reliable indicator of future performance. It will not be constant and is not guaranteed.


ISIN code : FR0013230596

Creation date : 21/8/2017

Benchmark : MSCI EMU net dividends reinvested

Recommended investment horizon :

5 years

Legal form: UCITS, under French law (Fonds Commun de Placement)

Allocation of revenues: Distribution capped at 3.5% annually, above which income is capitalised

Reference currency: Euro

Subscription / redemption

Minimum initial subscription: 2 000 000 euros

Minimum subsequent subscription: None

Valuation: Daily

Order centralisation: Every day before 2pm

Settlement delivery: T+2

Custodian: BNP Paribas Securities Services

Valuation agent: BNP Paribas Securities Services


Entry fee: nil.

Exit fee: nil.

Flat management fee: 0.95% VAT incl. max

Performance fee: nil.


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