Important Note:
Pheim SICAV-SIF-Vittoria Fund is not marketed/promoted in Malaysia. To know more, investors may contact Pheim via the channels provided at the bottom of this page on a “reverse enquiry” basis.
Fund Goals / Features
Pheim SICAV-SIF-Vittoria Fund was re-domiciled in Luxembourg as a sub-fund of Pheim SICAV-SIF effective from 26th Oct 2012. The sub-fund is suitable for investors who adopt a long-term view and wish to achieve capital gains with focus in the Asia Pac (excluding) Japan region. The fund is denominated in USD and is managed by NPB Neue Privat Bank AG, and sub-managed by Pheim Asset Management Sdn Bhd (“Sub-Investment Manager”). Banque Degroof Petercam Luxembourg is the custodian and the auditors are PricewaterhouseCoopers Luxembourg.
The fund is limited to well-informed investors (the “Well-Informed Investors”) who have expressed an interest in investing in the fund (the “Fund”). Pursuant to the 2007 Law, Well-Informed Investors refer to (i) an institutional investor, (ii) a professional investor and (iii) or other special investors as specified in the “Offering Document of Pheim SICAV-SIV-Vittoria Fund”.
Equity/Growth Fund
Asset Allocation & Benchmark
The Fund adopts an investment policy and invests mainly in Equities, Bonds, Warrants and Other Securities issued by Limited Liability Companies and Derivatives (including Options, Forward or Futures Contracts) listed, unlisted or traded on any Stock or Futures Exchange with a focus principally but not exclusively in the Far East Ex-Japan region. It aims to derive long-term capital appreciation on its assets. Prior to identification and commencement of investments and as a result of dispositions, idle cash of the Sub-Fund will be invested in High-Grade Short-Term Investments or deposited with established financial institutions. The Investment Manager may seek to increase the return on the Sub-Fund by making short sales or maintaining short positions subject to such limitation and regulations as are prescribed by Luxembourg Law and the laws of the respective country.
An incentive fee is payable to Sub-Investment Manager when the fund outperforms the previous high watermark which is either the higher of 5% or 12-month US$ LIBOR + 2%, where the 12-month US$ LIBOR is the rate as at the end of the preceding calendar year.
Fund Awards & Accolade – Morningstar Ranking
Over the past 20 years , the Fund has established a good long-term performance track record. PHEIM SICAV-SIF-VITTORIA was ranked No. 1 by Morningstar Inc. in terms of performance from among over 1330 of its peers for the 6-month period as at 30th November 2021.
PHEIM SICAV-SIF-Vittoria Fund
Source: Morningstar
PHEIM SICAV-SIF-VITTORIA’s Best Performing Stocks Of 2021
PHEIM SICAV-SIF-VITTORIA often seeks out high-potential stocks, including those in the technology and manufacturing (wood products) sector. In the 1st first half of 2021, the 4 top performing stocks were PT Digital Mediatama Maxima (DMMX) (+1605.53%), PT M Cash Integra Tbk (M CASH INTEGRA) (+1123.58%), PT NFC Indonesia Tbk (NFCX INDO) (+755.21%), and PT Integra Indocabinet Tbk (+170.12%). These stocks played a key role in boosting PHEIM SICAV-SIF-VITTORIA’s performance for 2021.
| Security | Cost as at 31 Dec 2020 | Price as at 30 Jun 2021 | Price Changes | Price as at 20 Aug 2021 | Price Changes |
| DMMX (IJ) | 197.03 | 1,580.00 | +702.00% | 3,360.00 | +1,605.53% |
| M CASH INTEGRA (IJ) | 1,166.66 | 7,950.00 | +581.43% | 14,275.00 | +1123.58% |
| NFCX INDO (IJ) | 1,561.02 | 5,750.00 | +268.35% | 13,350.00 | +755.21% |
| INTEGRA INDO (IJ) | 275.80 | 740.00 | +168.31% | 745.00 | +170.12% |
Source: Pheim Asset Management Sdn Bhd (“PAMSB”)
Fund Performance – Last 10 Years
| Years | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Fund Annual Return | 24.49% | 3.27% | 7.78% | -11.03% | 1.76% | 27.27% | -17.10% | 7.19% | 31.43% | 1.64% |
| MSCI FE x JPN | 19.00% | 1.28% | 0.54% | -11.75% | -3.51% | 38.61% | -17.20% | 16.79% | 23.04% | -10.11% |
| Outperformance | +5.49% | +1.99% | +7.24% | +0.72% | +5.27% | -11.34% | +0.10% | -9.60% | +8.39% | +11.75% |
| Years | 2011 – 2012 | 2011 – 2013 | 2011 – 2014 | 2011 – 2015 | 2011 – 2016 | 2011 – 2017 | 2011 – 2018 | 2011 – 2019 | 2011 – 2020 | 2011 – 2021 |
| Fund Cumulative Return Since 31 December 2011 | 24.49% | 28.30% | 37.87% | 23.28% | 25.46% | 59.67% | 32.36% | 41.88% | 80.64% | 89.53% |
| MSCI FE x JPN | 19.00% | 20.52% | 21.17% | 6.94% | 10.70% | 53.90% | 27.43% | 48.43% | 83.11% | 64.61% |
| Outperformance | +5.49% | +7.78% | +16.70% | +16.34% | +14.76% | +5.77% | +4.93% | -6.55% | -2.47% | 24.93% |
Source: Lipper IM, Bloomberg & Morningstar
Fund Performance - Since 31 July 2001
PHEIM SICAV-SIF-VITTORIA FUND vs Benchmark Return* Movement Chart
31 July 2001 to 31 December 2021
*Benchmark Return is either the higher of 5% or 12-month US$ LIBOR + 2%, where the 12-month US$ LIBOR is the rate as at the end of the preceding calendar year
Source: Lipper IM & Bloomberg
Fund Performance – Long-Term Performance Review
PHEIM SICAV-SIF-VITTORIA has established a good long-term track record with the fund outperforming the benchmark by +14.02%, +2.24%, +24.92% and +36.40% for the 3-,5-,10-, and 15-year periods ended 31 December 2021, respectively.
Cumulatively since 31st July 2001, PHEIM SICAV-SIF-VITTORIA registered at a total return of 423.56% for 20 years and 5 months, outperformed the cumulative benchmark return (292.53%) by a big margin of +131.03% as at 31 December 2021. The annualized return since 31st July 2001 was 8.45% (versus benchmark return of 6.90 %), outperformed by +1.55% as at 31 December 2021.
PHEIM SICAV-SIF-VITTORIA FUND –
As at 31 December 2021
| Period | SICAV-SIF-VITTORIA | MSCI Far East Ex-Japan* | Outperformed By |
| 3-Year | 43.19% | 29.17% | +14.02% |
| 5-Year | 50.94% | 48.70% | +2.24% |
| 10-Year | 89.53% | 64.61% | +24.92% |
| 15-Year | 105.38% | 68.98% | +36.40% |
| Since 31 July 2001 | 423.56% | 292.53% | +131.03% |
| Annualised Return Since 31 July 2001 | 8.45% | 6.90% | +1.55% |
* MSCI AC Far East Ex Japan Index
Source: Morningstar & Bloomberg
Contact Us
Pheim Asset Management (Asia) Pte Ltd
43 Duxton Road, Singapore 089507
Tel: (65) 6227 9928 Fax: (65) 6225 9912
Email: operations@pheim.com.sg
Website: www.pheim.com.sg
Sub-Investment Manager:
Pheim Asset Management Sdn Bhd (269564-A)
4th Floor, UBN Tower (Letter Box No.18)
No. 10, Jalan P. Ramlee, 50250 Kuala Lumpur, Malaysia
Tel: (603) 2031 6407 Fax: (603) 2031 6408
Email: pheim@pheim.com.my