Regulatory Disclosures
International S.A is authorized and regulated by the Commission de Surveillance du Secteur Financier ("CSSF"). The Cardea International Fund and its sub-fund, the Mosaic Global Fund ("the Fund"), are authorized by the CSSF as a specialized investment fund (SIF) according to the Luxembourg law of 13th February 2007.
Terms and conditions, including risk factors, relating to the Funds are set out in the prospectuses to those Funds. You should always read and understand these terms and conditions before making an investment. In addition, you should always consult a professional financial advisor before making investment decisions.
Limitation of Liability
Cardea is excluded from all liability, (excepting liability arising from its fraud, negligence and regulatory breaches) for any loss or damage arising from or in connection with your using this website including any decisions you may make based on the information made available to you through this website.
Legal Notices
These webpages contain information on the Cardea International Fund and its sub-fund, the Mosaic Global Fund ("the Fund"), which is a collective investment scheme regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. In accepting the Legal Notice, you are certifying that you are authorized, by status or experience, to invest in or provide financial advice relating to collective investment schemes or that you qualify as a well-informed investor per the requirements of the Luxembourg regulatory authority CSSF. You are also agreeing to comply with and be bound by the Legal Notice and the Terms and Conditions of the website. Note that these Terms and Conditions may be subject to changes from time-to-time.
Market Commentary
The Mosaic Global Fund had a -2.77% estimated performance for the month with an estimated year to date return of 4.13% for the EUR share class. Last month’s strong performers, our trend following holdings, gave back some of last month’s gains this month. Our stock market positions made gains across the board; however, could not offset the negative performance of a number of our hedge fund holdings.
During the last day of the month, we experienced trend reversals across many markets triggered by some perceived good news coming out of the EU summit. It remains to be seen if this is only more short term volatility or the beginning of a more stable move higher. We have increased our allocation towards equities, as mentioned in earlier commentaries, in anticipation of stronger markets during the second half of the year and will be monitoring these positions extra closely in the coming weeks.
We are happy to inform you that we were recently approved by the Singapore regulator MAS for distribution of the Mosaic Global Fund in Singapore. This is some very positive news. “Being approved by the Singapore MAS is further proof that we are strongly regulated and a good opportunity for IFA’s in Asia to get exposure to an ultra-diversified and truly actively managed alternative for clients.” says Per-Olov Jansson, CEO of Cardea International.
Please write to us for an initial conversation on info@cardeainternational.com, and visit our website,www.cardeainternational.com for more information and the latest updates.
Happy Investing
The Cardea Team
Per Olov Jansson
CEO Cardea International
perolov.jansson@cardeainternational.com
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