The best flexible mixed funds
Within the group of flexible mixed funds, i.e. multi-asset funds, investors can also opt for more conservative, more balanced or more offensive investment funds. At the capital management companies Schroders, DWS and Flossbach von Storch, for example, you will find various funds that are suitable for different risk classes.
The flexible mixed fund DWS Concept Kaldemorgen EUR LC (ISIN LU0599946893/WKN DWSK00) is managed by Germany’s most well-known fund manager: Klaus Kaldemorgen. The Kaldemorgen fund is a total return fund that is not based on benchmarks such as stock or bond indices, but always aims to achieve a positive yield (return) – whether prices on the markets are rising or falling. The fund manager says he “wants to generate positive returns for the investor, while respecting his risk comfort zone, through a high degree of flexibility and sophisticated risk management”. Translated, this means that the DWS mixed fund would rather miss one or the other opportunity than take too many risks. Accordingly, the accumulating DWS Concept Kaldemorgen appeals more to security-oriented investors. Despite this “security concept”, the performance is not to be scoffed at: In the past five years, the Kaldemorgen fund has achieved an average increase in value of 4.1 percent per year. The annual running costs (TER) are 1.53 percent, investors have to pay a one-time sales charge of 5.00 percent.
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Anyone pursuing an offensive investment strategy might consider the distributing Flossbach SICAV Mutiple Opportunities R (ISIN LU0323578657/WKN A0M430). The distribution takes place quarterly, the running costs of this fund are 1.63 percent per year and the front-end load can be up to five percent. The flexible investment strategy of the mixed investment fund Flossbach SICAV Mutiple Opportunities R is a key advantage over classic offensive mixed funds. Because depending on the market situation, the fund managers can adjust the proportion of shares and thus limit losses, for example, in the event of falling prices.
The running costs of the Schroder ISF Global Multi-Asset Income EUR Hedged (WKN A1JVBM/ISIN LU0757360960), which is also distributing, are somewhat cheaper, here you have to pay 1.58 percent TER annually. As with the Flossbach von Storch Mutiple Opportunities Fund, the distribution is also quarterly. The Schroders fund is very flexible in terms of its risk/reward profile: it can invest up to 50 percent of its assets in particularly promising bonds and securities. In addition, Schroder ISF Global Multi-Asset may invest over 50% of its assets in emerging market debt. In addition, the Schroders Fund typically invests two-thirds of its assets directly or indirectly through derivatives in equities, bonds and alternative asset classes.
Notice: Schroders also offers this product as an accumulating fund: Schroder ISF Global Multi-Asset Income EUR Hedged A Acc (ISIN LU1520997468/WKN A2DJGF).
Investors who are primarily concerned with the opportunity for increased returns should take a look at Deutsche Multi Opportunities LD (ISIN LU0989117667/WKN DWS12A). The flexible mixed fund has a global focus and primarily aims to achieve the highest possible growth in value (in euros). “The return should at least compensate for the risk, ie risks are taken when it’s worth it,” says the fund company’s website. Shares in domestic and foreign equity funds, mixed securities funds, securities bond funds and money market-related securities funds can be acquired for the fund. The fund assets can be invested in shares, fixed and variable-interest securities, share certificates and convertible bonds, among other things. Raw materials including gold are also possible as admixtures. With this fund, investors pay 1.59 percent running costs (TER) per year, the front-end load is 4.00 percent.