Learn the strategy of selling positions

Black Ferryman. Robert Baumann developer of trading systems (B-M-R-S method - learning / rule-based trading system)

Transcript

1 World Basic Fund

2 Black Ferryman Robert Baumann Developer of the trading systematics (B-M-R-S method - learning / rule-based trading system) Consultant of the Black Ferryman Fund Dornstadt-Tomerdingen 1

3 Agenda Insights into the trading system of the Black Ferryman World Basic Fund Processes and guidelines Success of the overweighting system using the example of Baidu Current portfolio weighting Development of the fund since the start of the restructuring 2

4 Irrational investor behavior - don't let yourself be unsettled! Please do not imitate the two pictures! This reflects the irrational behavior of investors on the stock market! Once you have made your investment decision, don't let the media, TV, radio, etc. unsettle you, but swim against the current and stay true to your decision. 3

5 Why should you limit the risk of loss? 1000% 900% 800% 600% 400% necessary repetition to compensate for the loss in% achieved loss in% 400% 233% 200% 0% 11% -10% 18% -15% 25% -20% 33% - 25% 43% -30% 67% -40% 100% -50% 150% -60% -70% -80% -90% -200% Conclusion: If a share loses 80% as in 2008, then you need + 400% to make up for this loss. 4th

6 In which sectors and according to which market capitalization do you invest? Here is a brief overview of the industries and their market capitalization: Entertainment industry Telecommunications service providers PC hardware and software IT services 33 Oil and gas Beverage industry Mechanical engineering Metal processing Semiconductor industry Chemical / pharmaceutical industry MegaCaps> 10 billion LargeCaps> 1 billion MediumCaps> 250 million SmallCaps <250 million number of shares according to market capitalization in the Black Ferryman World Basic Fund 5

7 Market capitalization in the Black Ferryman World Basic Fund Market capitalization of the portfolio in billions in the Black Ferryman - World Basic Fund Market capitalization of the shares in billions in the investment universe of Black Ferryman - World Basic Fund Actelion Pharmaceutical Aixtron SE Allergan Inc. Anheuser-Busch InBev N.V. Apple Inc. Arm Holdings Plc. ASM L Holding N.V. Baidu.com Inc. BASF AG Bayer AG Beiersdorf AG Burberry Group Plc. Cisco Systems Inc. The Coca Cola Co. Cognizant Technology Cummins Inc Dialog Semiconductor Plc. Drägerwerk AG Edwards Lifesciences Electronic Arts Inc. F5 Networks Inc. Facebook Inc. Gea Group AG Geberit AG Google Inc. Illumina Inc. Inditex S.A. Infineon Technologies AG Intel Corp. Irobot Corp. KUKA AG Leoni AG M c Donald Corp. M icrosoft Corp. Nestlé S.A. Netflix Inc. Nexans S.A. Oracle Corp. Orange S.A. The Priceline Group Inc. QSC AG Schlumberger Ltd. Shire Plc. Software AG Stada Arzneimittel AG Starbucks Corp. Symrise AG United Internet AG Weir Group Plc. Wynn Resorts Ltd. 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 Market capitalizations from

8 Selection process according to: What criteria are used to select stocks for the fund's investment universe? Volatility (the higher the better) Drawdown (in the crisis) Price potential (after the crisis) Market capitalization Company key figures Market opportunities for the company in the future 7

9 Example to illustrate the overweighting system Observation of the investment universe Share in an upward or downward trend Purchase in the fund portfolio Profit-taking mark reached Position is successfully closed Share is under observation again Share reached calculated risk budget Loss limitation through position sale 8

10 Baidu as an example to illustrate the overweighting system; Status Past performance is not an indicator of future performance. 9

11 Example to illustrate the method in use since the fund was launched Result of the Baidu share Period: after buying and holding, cumulative income: + 50.94% from 100.00 euros became 154.94 euros according to the fund's trading system Efficiency of the trading system using the example of the Baidu 85.57% 50.94% 34.63% cumulative income: + 85.57% from 100.00 euros became 185.57 euros added value through trading systematics Added value: + 34.63% The past performance is no indicator for the future Performance. Profit / loss in% since the launch of the "Share according to trading system" fund. Profit / loss in% since the launch of the "Buy and hold shares" fund. Added value through the trading system 10

12 Portfolio weighting of Black Ferryman World Basic Fund Portfolio allocation of Black Ferryman - World Basic Fund Portfolio allocation of Black Ferryman - World Basic Fund Cash VV fund Norwegian bonds US bonds Actelion Ltd. Anheuser-Busch S.A. Apple Inc. Baidu Inc. Bayer AG Cummins Inc. Dialog Semiconductor Plc. Edwards Lifeciences Corp. IRobot Corp. Kuka AG Leoni AG Netflix Inc. Shire Plc. 0.00% 10.00% 20.00% 30.00%, VV fund quota always less than 10% Portfolio weighting from

13 Current investment level in% in Black Ferryman World Basic Fund Investment level in% in Black Ferryman - World Basic Fund Black Ferryman - World Basic Fund Investment rate in% on, 85% 52.15% 52.15% 0.00% 0.00% Cash / VV funds / bonds Equity exposure Hedging rate Net equity exposure Long rate; VV fund quota always less than 10% investment quota from

14 Opportunity and risk profile of the Black Ferryman World Basic Fund since restructuring in 2013 Opportunity / risk profile of the Black Ferryman - World Basic Fund 7-10% pa <10.00% up to -15.00% annual return target max Target annual volatility per calendar year Opportunity and risk profile from

15 Facts about the fund since restructuring Black Ferryman - World Basic Fund A Black Ferryman - World Basic Fund A Black Ferryman - World Basic Fund T Development A - Tranche T - Tranche 110 Performance 7.97% 9.11% 105 Performance pa Volatility 2.81% 10.39% 3.22% 10.22% 100 Sharpe Ratio Max monthly loss 0.26% -5.37% 0.30% -5.27% 95 Max monthly profit 6.81% 6, 68% 90 Max. Drawdown -16.34% -16.26% Status: Past performance is not an indicator of future performance. 14th

16 Volatility of the Black Ferryman World Basic Fund since the start of the restructuring as a basic investment in 2013 Volatility of the Black Ferryman - World Basic Fund T 40.00% 30.00% 20.00% The fund was successfully restructured as a basic investment in 2013 - Goal: - Target year volatility <10% - target risk of loss <15% per calendar year - earnings target 7-10% pa 12.34% 12.24% 11.15% 12.24% 11.61% 10.53% 9.03% 8.60 % 8.98% 8.63% 8.59% 8.94% 9.38% 8.29% 8.24% 10.13% 10.00% 7.53% 8.07% 0.00% fund volatility from, 39% 1 - month month 42 - month 36 - month 30 - month 24 - month 18 - month 15 - month 12 - month 11 - month 10 - month 9 - month 8 - month 7 - 6 month - month 5 - month ticket 4-month season 3-month ticket 2-month ticket

17 Performance and volatility of the Black Ferryman World Basic Fund since the start of the restructuring as a basic investment from The performance and volatility of the Black Ferryman - World Basic Fund T since the start of the restructuring as a "basic investment" from .68% 5.19% 10.39% 12, 24% 9.38% 8.98% 13.68% 7.17% 8.29% 10.22% 9.11% 0.01% -3.17% -9.61% -8.14% - 7.29% 1 month 3 months 6 months 12 months Monthly performance in% Volatility in% Fund volatility and performance from

18 Daily fluctuations of the Black Ferryman World Basic Fund since the start of the restructuring to the basic investment from Daily fluctuations with risk / opportunity distribution of the Black Ferryman - World Basic Fund T since the start of the restructuring to the "basic investment" from> -1.01% -1.00% to -0.76% -0.75% to -0.51% -0.50% to -0.26% -0.25% to -0.01% 0.00% to 0.25% 0.26 % to 0.50% 0.51% to 0.75% 0.76% to 1.00%> 1.00% fund day fluctuations since restructuring from

19 Black Ferryman World Basic Fund Investment Rates How did the fund manage investment rates in 2014? Black Ferryman - World Basic Fund Investment ratios and development 2014 in% 80% 70% 60% 50% 40% 30% 20% 10% 0% -10% -20% Cash / bonds / VV funds Hedging ratio equity ratio Net equity ratio development Black Ferryman - World Aggressive Fund Development Dax Fund investment ratios and development of the fund from

20 Explanation of the BMRS method Trading system on stocks, funds, ETF S and indices in the long-term observation period Trading system on the foreign currency sector (e.g. US $) Trading system in futures trading on the Dax and Nasdaq100 (long / short) Overweighting system on stocks Specially developed risk indicator, the is placed over the value protection marks of the respective target investments 19

21 The profile and the processes of the fund Share quota of% No reference to a benchmark (share index) Learning / rule-based trading system (small gut decisions possible) Signal generators are the individual shares with the specially developed overarching risk indicator and not their markets or indices Broad diversification of the Fund (investment universe of up to 50 stocks) 20

22 The profile and processes of the fund Active risk limitation through a fixed value protection system Investment strategy of the fund: Each target investment in the fund is protected by risk limitation markers Maximum profit-making intention with limited risk of loss of the individual positions in the fund Shares that can be quoted in foreign currencies such as the US dollar are additionally hedged against currency risk according to the same principle 21

23 The profile and processes of the fund The selection of stocks is completely independent and not tied to a specific benchmark. The fund's investment strategy only relies on analyzes that it has prepared itself and the selection of stocks. The aim of the fund is to limit the risk of loss and achieve long-term performance of 7-10% pa The fund aims to achieve an annual volatility of <10%. The volatility in the past year was 7.17% (status) 22

24 Opportunities and risks of the fund at a glance Target volatility: <10% Target max. Loss: Performance target: Investment horizon: Equity allocation: Investment allocation: up to 15% in the calendar year 7-10% pa> 5 years of% through active risk and return management cyclical and growth-oriented equity investments (predominantly blue chips / large caps) 23

25 Profile: - Global asset management mixed fund - Recommended investment period> 5 years Strategy: - Investment predominantly in cyclical blue chip stocks - Stock selection is based on the developed BMRS method (learning trading system) - Investments are made in opportunity-oriented markets - No reference to a benchmark objective: - The aim of the management is to limit the risk of loss according to the BMRS method and to generate a performance of 7-10% pa. Status: Fund company: Fund investment advisor: Tied Agent: Custodian: Distribution approvals: Fund type: SRRI: Fund currency: Launch date: Fund price at launch: WKN: ISIN: Issue surcharge: Management fee: Performance fee: Use of income: Minimum investment: Savings plan: Black Ferryman World Basic Fund Axxion SA venova SA / Defensive Capital GmbH Robert Baumann Banque de Luxembourg Luxembourg and Germany Asset Management Mixed Fund Global 5 of 7 euros T-tranche May 25, 2011 A tranche June 20 T-tranche 100.00 euros A - tranche 68.75 euros T - Tranche A1JF9H A -Tranche A1JXJT T -Tranche LU A - Tranche LU up to 5.26% up to 1.80% pa 20% of the net increase in the unit value per financial year, reinvesting / distributing from EUR 25 from EUR 25 monthly 24

26 The Black Ferryman World Basic Fund is available from: 25

27 Further information on the fund is available from: Robert Baumann Lindenstrasse Dornstadt - Tomerdingen Germany Telephone: + 49 / Fax: + 49 / Mobile: + 49 / Homepage: The full and simplified sales prospectuses as well as the annual and semi-annual reports are also available from the management company Axxion SA, 15, rue de Flaxweiler, L-6776 Grevenmacher, Luxembourg Telephone: + 352 /, Fax: + 352 /, Internet: available. 26th

28 Disclaimer The market information contained in this presentation has been prepared for general information purposes and is intended for information only. They do not replace your own market research or other legal, tax or financial information or advice. This is not an invitation to buy or sell specific products. Robert Baumann points out that the market information presented is only intended for investors with their own economic experience, who can assess the risks and opportunities of the market (s) presented here and who obtain comprehensive information from various sources. The statements and information contained in this presentation are based on information that Robert Baumann researched thoroughly or obtained from generally accessible sources which Robert Baumann cannot verify and which are considered reliable. Robert Baumann considers the sources used to be reliable, but cannot verify their reliability with absolute certainty. The individual pieces of information from these sources could only be checked for plausibility; the factual correctness was not checked. In addition, this presentation contains estimates and forecasts that are based on numerous assumptions and subjective evaluations by both Robert Baumann and other sources and represent only non-binding views of markets and products at the time of preparation. Despite careful processing, Robert Baumann and his cooperation partners or their employees and bodies assume no liability for the completeness, topicality and correctness of the information and forecasts provided. The past performance shown and the performance simulated on the basis of backtesting are not an indicator of future performance. This document can only be distributed in accordance with the legal provisions in the respective countries. Persons in possession of this document should inform themselves about the applicable local regulations. This is a non-binding and condensed preliminary information. Further information is available from Robert Baumann, Lindenstr. 23, Dornstadt - Tomerdingen. You should only make a decision about a purchase after submitting the complete documents and risk information and after obtaining legal, tax and investment advice. These documents do not contain all of the information that is essential for economically significant decisions and may differ from information and assessments from other sources / market participants. Neither Robert Baumann nor any other functionary can be held liable for losses that arise through the use of this presentation or its contents or in any other way in connection with this presentation. The same applies to Robert Baumann's cooperation partners. This is an advertising message. This promotional communication does not meet all legal requirements for impartiality of financial research and is not subject to a ban on trading prior to the publication of financial research. This publication may not be reproduced or passed on without the prior consent of Robert Baumann. Robert Baumann is contractually bound in the context of investment advice, investment brokerage and contract brokerage (1 para. 1a sentence 2 No. 1, 1a and 2 KWG) of financial instruments such as investment funds, certificates, bonds, shares, ETFs and investments in closed-end funds Agents (so-called tied agents) in accordance with 2 (10) KWG on behalf, in the name, for the account and under the liability of Defensive Capital GmbH, Augsburger Str. 10, Pöttmes. Defensive Capital GmbH is a financial services institute approved by the Federal Financial Supervisory Authority (BaFin) in accordance with 32 KWG. Robert Baumann can be viewed in the public register of contractually bound agents maintained by BaFin at.

29 Appendix

30 Development of well-known mixed funds as equals and their potential for setbacks 135 Fund comparisons since the start of the restructuring of the Black Ferryman Fund for basic investments from Black Ferryman - World Basic Fund FO asset management fund Ethna Aktiv A Sauren Global Balanced D Carmignac Patrimoine A Nordea Stable Return Fund AP Flossbach von Storch - Multi Asset-Balanced R mean - all 7 funds equally weighted Past performance is not a reliable indicator of the future. I.

31 Development of well-known mixed funds at eye level and their potential for setbacks Daily setback risk in the Dax Impact on various mixed funds 10/2015 1.00% 0.00% -1.00% -2.00% -3.00% -4.00% -5 .00% Dax - daily development> -0.50% Black Ferryman - World Basic Fund Ethna Aktiv A FO Vermögensverwalterfonds Sauren Global Balanced D Flossbach von Storch - Multi Asset-Balanced R Nordea Stable Return Fund AP Carmignac Patrimoine A acc average - all 7 funds equally weighted Past performance is not a reliable indicator of the future. II.

32 The Black Ferryman strategy Risk and opportunity with potential for special effects Presentation of risks and opportunities with different weightings and share developments in the fund: Risk of setbacks for a fund with different weighting classes of a target investment -0.15% -0.25% -0.30% -0, 50% -0.60% -1.00% -0.90% -1.50% to -1.50% to -2.50% 0.5% weighting 1.0% weighting 2.0% weighting 3 , 0% weighting The Black Ferryman weighting daily development - 30% - effect on the weighting classes in the fund daily development - 50% - effect on the weighting classes in the fund Past performance is not a reliable indicator for the future. III.

33 The Black Ferryman strategy Risk and opportunity with potential for special effects Presentation of risks and opportunities with different weightings and share developments in the fund: Earnings potential of a fund with different weighting classes of a target investment up to 5.19% 3.00% to 2.60% 2.00% 1.50% to 1.56% 0.50% 0.15% 0.25% 0.50% 0.30% 1.00% 0.60% 1.00% 0.90% 0.5% weighting 1.0% weighting 2.0% weighting 3.0% weighting The Black Ferryman weighting daily development + 30% - effect on the weighting classes in the fund daily development + 50% - effect on the weighting classes in the fund daily development + 100% - effect on the weighting classes in the fund Past performance is not a reliable indicator of the future. IV.

34 The Black Ferryman strategy Risk and opportunity with potential for special effects Presentation of risks and opportunities with different weightings and share developments in the fund: Risk of setbacks in a fund using the practical example of VW shares with different weighting classes -0.29% -0.58% -1, 17% -1.32% -1.75% 0.5% weighting 1.0% weighting 2.0% weighting 3.0% weighting The Black Ferryman weighting Development of the VW share was - 58.28% of the development the past are not a reliable indicator of the future. 0.5% -3.0% developments are long-only or long-term value investors who work without stop strategies. The share was bought for presentation on at a price of 249.79 (high price and worst-case scenario. In the Black Ferryman Fund, it would have been stopped out. V.

35 The Black Ferryman strategy Risk and opportunity with potential for special effects Presentation of risks and opportunities with different weightings and share developments in the fund: Earnings potential of a fund using the practical example of Dialog Semiconductor with different weighting classes 1.19% 0.73% 0.49% 0, 12% 0.24% 0.5% weighting 1.0% weighting 2.0% weighting 3.0% weighting The Black Ferryman weighting development of Dialog Semiconductor was 24.49% of the past performance is not a reliable indicator for the Future. 0.5% -3.0% developments are long-only or long-term value investors who work without stop strategies. The purchase of the stock was for display on at the price of 29.32. VI.