UNFA Global Balanced was established as part of the cooperation between UNFCU Advisors* and FAME. It was originally designed to serve United Nations staff.
As this cooperation was terminated, the investment fund was also closed.
The UNFA Global Balanced was launched in 2014 as a mixed fund of funds, aiming for capital growth as an investment objective. The fund consisted of a broadly diversified portfolio and invested in global financial markets. A proportion of cash and money market funds was always in range between 5% and 15% of the fund’s assets. Equity funds were acquired in the amount from a minimum 30% to a maximum of 50% of the fund’s assets, bond funds from 40% to a maximum of 60% of the fund’s assets. In addition, up to 10% of the fund’s assets could have been invested in commodities, real estate equity funds and/or real estate investment trusts as well as in alternative investments.
With effect from 23rd of January 2018, the management of the fund was terminated in accordance with § 60 (2) InvFG 2011 and the fund was thereby dissolved.
The performance since the fund inception until dissolution was (%):
Last year** performance in USD totaled +8,98 %.
*) UNFCU Advisors was founded in Vienna and is a 100% subsidiary of the United Nations Federal Credit Union.
**) Shortened billing year from 1.7.2017 to 23.1.2018.