Transtrend has decided to terminate the Equity Trend Program (ETP) as per the end of January 2018. We have traded ETP since 2007, and despite the various improvements we have implemented over the years, the program has not delivered the success we had hoped for.
For more information, please contact our Investor Relations team.
01 Jan 2007
31 Jan 2018
MONTH TO DATE
MONTH TO DATE
YEAR TO DATE
INCEPTION TO DATE
INCEPTION TO DATE
These data should be viewed in conjunction with the explanatory notes, which are an integral part of these performance data. THE VALUE OF YOUR INVESTMENT CAN FLUCTUATE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
The Equity Trend Program is our long/short equity program,
with a track record going back to 2007. In developing ETP, we’ve taken everything
we’ve learned about markets as a CTA, and applied it to trading directly in
equity markets. ETP is designed to take directional positions. It uses a
diverse set of quantitative techniques to find clues about the direction of markets,
of which trend following is one.
Behind both our trading programs lies the insight that trends in prices are often the reflection of shifts in society. Such a shift can manifest itself in different markets. For example, the fact that shoppers increasingly prefer to shop online causes problems for bricks-and-mortar retailers and opportunities for internet companies. To capture many different underlying trends requires a large investment universe. Not just including the big names of today, but also the big names of tomorrow. Our ability to handle a large investment universe and a large number of positions is one of our key strengths.
To be able to profit from these shifts in a changing world, we also have to be adaptive. No long bias. No fixed allocations to sectors or regions, but the recognition that slicing the universe in sectors or regions doesn’t do justice to the complexity of the world. This flexibility enables the program to perform well in times of market stress, especially those accompanied by declining stock markets, making it a welcome addition to many investment portfolios.
Portfolio construction is art as much as science.
Because of our background, we approach the equity markets from a different angle than other long/short equity managers. This unique approach has led to returns that have a very low correlation to equity markets, but also to other long/short equity strategies. ETP takes advantage not only of Transtrend’s experience in understanding markets, but also of its considerable resources in IT, data collection, operations and execution.
The investment universe of ETP consists of more than 2500 names across
all sectors and regions, enabling the program to capture a wide variety of underlying trends.
ETP has a demonstrated ability to perform well in times of market stress, such as the Credit Crisis (2007-2008) and the Brexit Referendum (2016).
ETP’s systematic nature, flexible directionality and absence of any long equity bias have resulted in returns that have a very low correlation to other long/short equity strategies.
The ETP returns represent composite performance figures of ETP (EUR). These data should be viewed in conjunction with the explanatory notes, which are an integral part of these performance data, and the description of indices used. THE VALUE OF YOUR INVESTMENT CAN FLUCTUATE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
The returns in this table represent composite performance figures of ETP (EUR). These data should be viewed in conjunction with the explanatory notes, which are an integral part of these performance data. THE VALUE OF YOUR INVESTMENT CAN FLUCTUATE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Risk of loss
can be substantial. The risk of loss in trading financial instruments
such as individual stocks, stock certificates, American depository receipts,
global depository receipts and contracts for difference can be substantial,
among others, because the prices of these financial instruments may be highly
volatile and some of these instruments permit an extremely high degree of
leverage. You should therefore carefully consider whether such trading is
suitable for you. No assurance can be given that you will realize a profit on
an investment or that you will not lose some, all or amounts in excess of an
Decisions Based on
Transtrend primarily employs a trading strategy that responds in a systematic,
technical manner to recent price behavior in the markets traded. The main
foundation of such an approach is the assumption that most of the relevant
developments in the underlying markets, including those related to
market-specific fundamental factors, are reflected in and by the market prices.
If the extent to which the market prices indeed reflect this deteriorates, the
reliability of such trading strategy is prone to decline. Transtrend attempts
to develop strategies that will be successful under many possible future
scenarios. However, there can be no guarantee that the strategy of Transtrend
will be effective in or applicable to future market conditions.