Product Development- Investment Products
and Managed Accounts
The Asset Management Division also assists in-house investment
managers in structuring customized investment products and solutions either in
generic or fund of funds (FoF) version. It also offers off-the-shelf investment
products. Currently, we have developed and back-tested the following theme-based
products which are ready to be launched:-
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Global Freedom Equity ETF (GFEE)- The tactical asset
allocation for the Global Freedom Equity ETF (GFEE) is based on our investment
strategy theme of 'Economic and Social Freedom'. Using Nobel Laureates
Fisher Black and Robert Litterman's global asset allocation model, the
tactical asset allocation is done every year with the help of a forward
looking index computed from various economic and social freedom indicators.
Our asset allocation method is proven and provides superior returns against
minimum risks. It has been back-tested over the last 20 years and the methodology and results can be viewed here:-
Enhancing Portfolio Performance with Index of Economic Freedom This is a FoF
concepts
and investments are primarily made in country indices. This FoF's allocations are tilted towards countries which are in the
process of making significant progress on economic and social reform front.
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Global Equity Market Characteristics Model ETF (GEMCM)-
This is again a tactical asset allocation model based on global equity
market characteristics for sourcing and enhancing alpha by arbitraging on
informational inefficiency driving valuations based on 6 identified market
factors such as
Small-Minus-Big; High-Minus-Low; Momentum; Robust-Minus-Weak;
Conservative-Minus-Aggressive; Quality-Minus-Junk; Betting Against Beta.
This is a FoF concepts
and investments are primarily made in country indices, through
an arbitrage benefit model. It has been back-tested over the last 25 years and the methodology and results can be viewed here:-Sourcing
Alpha in Global Equity Markets- Market Factor Characteristics.
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Strategic ESG Overlay on Market Factors- This is stock selection model
based on market factor characteristics of a particularly stock such as
quality and low volatility and then overlaying its ESG factor beta in order
to enhance alpha. We have back-tested this model over the last 10 years and
the methodology with results can be viewed here-
Responsible Investing- The ESG Overlay on Market Factors.
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Global Fixed Income Freedom Play (GFFP)- The tactical
asset allocation for the Global Fixed Income Freedom Play (GFIFP) fund
invests in high-grade sovereign and corporate fixed income securities. Our
Global Investment and Asset Allocation Strategy Group works on
the theme that sustainability of economic growth comes with removal of
bottlenecks that blur currency exchange rate and cost of capital
of a country. These are associated with a country's financial sector reform
programs as well as its monetary policy in fostering equality in
growth. This theme is applied across both sovereign and corporate
securities for our internal screening. The fund also takes advantage of
interest rate and valuation anomalies across different markets. It
takes active bets on duration play and currency hedging. The minimum investment requirement of this
Fund is US$ 5 million. Kindly write to us for the application form,
information memorandum and other details, if you are interested in this
product.
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India Transformation Advantage Fund (ITAF)- The ITAF focuses
on direct private equity investment opportunities arising out of India's
competitive advantages over other countries, primarily in sectors such as
pharmaceutical, information technology and auto-ancillary, etc. The
ITAF fund management team will typically look for mezzanine and
second-rung financing opportunities, both in the unlisted and listed
(PIPE) markets. The target market is local Indian companies with
a global growth agenda. The target size of the Fund is US$ 200-300 million
and investments can be made in US$ 1million and in multiples thereof. The
target life of the Fund is 5-7 years with a targeted IRR of 35 per cent or
above. Kindly write to us for the application form, information
memorandum and other details, if you are interested in this product.
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India Realty Play Fund (IRPF)- The IRPF
focuses on private equity investment opportunities arising out of recent
liberalization and boom in the Indian real estate market. The Fund will
typically look for investments and both residential and commercial real
estate development opportunities in the second-tier cities and peripheries
of major cities. The typical investment size is between US$ 10 million to
US$ 25 million and the Fund targets to mobilize around US$ 400-500 million.
The life of the Fund is 10-12 years with an IRR of 85 per cent and above.
Kindly write to us for the application form, information memorandum and
other details, if you are interested in this product.
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Indian Mighty Consumer Play (IMCP)-The IMCP focuses
on private equity investment opportunities arising out of the unprecedented
consumer boom in India, particularly in the lifestyle segment. The
IMCP fund management team will typically look for mezzanine and
second-tier financing opportunities, both in the unlisted and listed
(PIPE) markets including investment in foreign companies who are looking
into India seriously. The target size of the Fund is US$ 200-300
million and investments can be made in US$ 1million and in multiple thereof.
The target life of the Fund is 5-7 years with a targeted IRR of 30 per cent
or above. Kindly write to us for the application form, information
memorandum and other details, if you are interested in this product.
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India Value Opportunity Managed Accounts (IVOMA)- The
IVOMA program is managed by our associate company Transoceanic Financial
Engineering Private Limited for both local and foreign high networth and
institutional clients. The program team follows a rigorous valuation and
screening procedure across the entire Indian listed market to short-list
value opportunities across different sectors. For further details on our
screening methodology click here. To join our IVOMA program,
local investors and foreign investors click here.
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India Growth Opportunity Managed Accounts (IGOMA)- The
IGOMA program is managed by our associate company Transoceanic Financial
Engineering Private Limited for both local and foreign high networth and
institutional clients. The program team follows a rigorous valuation and
screening procedure across the entire Indian listed market to short-list
growth opportunities across different sectors. For further details on our
screening methodology click here. To join our IGOMA program,
local investors and foreign investors click here.
Should you require further information on our asset allocation strategy or
review asset class/manager-wise performance analysis or have specific product
development requirements, kindly contact us at smartam@smartinternationalholdings.org.
Related Areas:
Global Investment Strategy, Global
Asset Allocation Strategy, Performance
Measurement- Benchmarking and Attribution Analysis, Wealth Management
Strategy
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