Munich / Frankfurt am Main, March 24 2020

XAIA re-opens funds after significant increase in investment opportunities

Market turbulences in the recent weeks have led to a significant increase of attractive investment opportunities for market-neutral investment strategies. As a reaction to the attractive investment environment, Munich-based asset manager XAIA Investment re-opens its funds XAIA Credit Basis II and XAIA Credit Debt Capital for new investments. Both funds had been soft closed for new investments for several years, as their investment strategies are scalable only to a limited degree.

“The revenue potential in both strategies increases in a situation where the price difference between the investment position and the hedging position goes up, as the revenue from the investment grows higher in relation to the respective hedging costs. Rising market volatility triggers a significant increase of such price discrepancies”, said Ulrich von Altenstadt, managing partner at XAIA Investment.

XAIA utilizes structural financial markets distortions and inefficiencies in both strategies in order to generate stable and sustainable returns. The fund XAIA Credit Basis II invests in bonds issued by corporates or sovereigns and hedges the position at the same time against default, interest and currency risks. In the XAIA Credit Debt Capital fund, the hedging is implemented by offsetting equity positions. The strategies have so far worked out for both funds. XAIA Credit Basis II has generated total revenue of 24.27 percent since launch in January 2010 at an annualized volatility of just 0.87 percent. The fund size currently holds 489 million euros. XAIA Credit Debt Capital has assets of 252 million euros and runs a wider range of instruments. The fund generated revenue of 22.21 percent since launch in September 2011 with an annualized volatility of 2.19 percent (as of March 20).

Subscription of fund shares for XAIA Credit Basis II und XAIA Credit Debt Capital again possible after suspension of soft closing

Market-neutral Absolute Return funds benefit from rising market volatility

Fund data at a glance

XAIA Credit Basis II

Asset Manager: XAIA Investment GmbH, Munich
Investment company: Universal-Investment-Luxembourg S.A., Grevenmacher, Luxembourg
Fund type: Other alternative investment funds
Fund currency: Euro (EUR)
Performance Fee: 15% at a level of 3-months-Euribor® + 2% p.a.

Share class I

WKN / ISIN: A0YDMY / LU0462885301
Appropriation of earnings: Distributing
Costs in 2018: 0,87%
Minimum initial investment: 1.000.000,- EUR
Subscription charge: 0%

Share class IT

WKN / ISIN: A1W1Q4 / LU0946790796
Appropriation of earnings: Accumulating
Costs in 2018: 0,87%
Minimum initial investment: 1.000.000,- EUR
Subscription charge: 0%

Share class P

WKN / ISIN: A0YDMZ / LU0462885483
Appropriation of earnings: Distributing
Costs in 2018: 1,45%
Minimum initial investment: none
Ausgabeaufschlag: 2,5 %

XAIA Credit Debt Capital

Asset manager: XAIA Investment GmbH, Munich
Investment company: Universal-Investment-Luxembourg S.A., Grevenmacher, Luxembourg
Fund type: Other alternative investment funds
Fund currency: Euro (EUR)
Performance fee: 20% at a level of 3-months-Euribor®

Share class I

WKN / ISIN: A1JCNM / LU0644384843
Appropriation of earnings: Distributing
Costs in 2018: 0,59%
Minimun initial investment: 500.000,- EUR
Subscription charge: 0%

Share class IT

WKN / ISIN: A1W1LZ / LU0946790952
Appropriation of earnings: Accumulating
Costs in 2018: 0,59%
Minimum initial investment: 500.000,- EUR
Subscription charge: 0%

Share class P

WKN / ISIN: A1JCNN / LU0644385733
Appropriation of earnings: Distributing
Costs in 2018: 1,15%
Minimum initial investment: none
Subscription charge: 3%

Share class V

WKN / ISIN: A1KB4C / LU0880249403
Appropriation of earnings: Distributing
Costs in 2018: 0,59%
Minimum initial investment: none
Subscription charge: 5%

ABOUT XAIA INVESTMENT

XAIA Investment has been active in asset management since April 2009 with a focus on Credit Strategies. The company’s expertise is the management of market-neutral strategies. Investment and hedging instruments are used across asset classes. Hereby attractive and stable risk- / return profiles are being generated.

Further Information on www.xaia.com

Bernd Obergfell

Head of Communications

Phone
+49 69 71043-575

e-mail
bernd.obergfell@universal-investment.com

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