Anantam International SPC Fund - 6 SP

  • We have completely pivoted away from “US exceptionalism” because we believe that the current US administration is not interested in maintaining the status quo. This has helped our portfolio be protected. You can see in the top 5 holdings that none of them are purely US-centric ETFs.
  • We are now close to a US recession, following the tariffs, and we have been building a position in SJB ( short Junk bond ETF) as we expect the high yield bond spreads to rise from currently very low levels.
  • Gold has been a strong holding during turbulent times, as has Berkshire Hathaway, which we believe is always a great hedge against rising market uncertainty.
  • We have added European large cap and small cap ETFs in our portfolio as we believe the fiscal impulse will move from the US to the rest of the world, including Europe. European Union, which till now had outsourced their security and had voluntarily deindustrialized, will now be forced to take corrective measures and deregulate. We also expect European countries to reallocate some of their wealth away from US equities to Europe, which could rerate European equity multiples.

Investment Objective

To provide with income generation and capital appreciation through investments in equities, bonds and other related securities of emerging and developed markets. This objective is to be achieved by investing in debt, quasi equity (including convertible bonds, warrants, etc.) and equity shares, both listed and unlisted in, developed, emerging and frontier markets.

Particulars Remarks
Minimum Investment $100,000
Minimum top up $1,000 and multiples thereof
Subscription Monthly last day of each month
Redemption Monthly, subject to at least 15 calendar days of notice
Redemption Free/ Exit Load 1% on AUM up to 1 year from the investment date.
Management Fee 1% per annum charged monthly on daily average AUM
Performance Fee 15% performance fee over hurdle of 7% (subject to high water mark)
Operating Fee On Actuals, capped at 0.5%p.a. on AUM
Hurdle Rate 7%
Fund Name Anantam International SPC Fund - 6 SP
Investment Manager Arpana Investment Management (Bermuda)
Auditor Forvis Mazars
Administrator Ohm Dovetail Global Admin (IFSC) Pvt Ltd

Benchmark Construction

Benchmark is a blend of Vanguard total world stock Index ETF (VT) - 34%, Vanguard total bond market ETF (BND) - 33% & VanEck Inflation Allocation ETF (RAAX) – 33%. ETFs are chosen for the benchmark to reflect the diversified nature of the underlying portfolio. Peers in the space typically use a 60:40 combination of MSCI World stock Index and Bloomberg global bond Index as benchmark.

The reason for including real asset as a part of benchmark - As early sings of multi polar currency world emerges, the efficiency of supply chains will be challenged pushing the cost of procurement upwards. As developed economies struggle through the massive debt burden creating an overhang on fiscal & monetary policies; real asset owners like commodity producers, efficient commodity procurers may emerge as winners. Inclusion of real assets in the Benchmark has increased the challenge for the fund as hard commodities act as inflation hedge.