Email of the day on investing in the Global Corporate Autonomies Fund
Comment of the Day

May 21 2015

Commentary by Eoin Treacy

Email of the day on investing in the Global Corporate Autonomies Fund

Just a note 

I managed to get this investment done via Davy's stock brokers in case you have any other Irish clients who might be wondering ... 

I have a self-administrated pension and as part of pension trust I have an authorised stock trading account with Davy's 

Davy's completed the set-up of the Autonomies fund a few weeks ago on their system for me and completed the purchase of the Autonomies fund for me through my pension structure... 

All good. I am very pleased to have you on board as the fund manager steering the ship :) 

Do you have an expected return you would like to be returning on a yearly basis? 

?Do you have a chart in the chart library that tracks the fund?

Eoin Treacy's view

Thank you for letting me know and thanks also for your interest in the Global Corporate Autonomies Fund. The fund holds 100 of the 146 Autonomies we have identified at any one time and is reweighted quarterly. In line with the most up to date research from the Cass Business School the fund adheres to an “equalish” weighting so that winners are run for longer and losers are given a little more room to recover. 

We invest in consistent trends for as long as they remain consistent and the Autonomies have provided plenty of those over the last number of years.  A systemic approach is taken to reweighting so that the fund remains diversified between sectors. Overextensions relative to the MA of more than 30% are viewed as opportunities to lighten while reversions to the mean are viewed as buying opportunities. It is envisaged that the fund will outperform the MSCI World by a few percent per annum. I’ve added both the Accumulation and Income versions to the Library. 

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