Presentación Institucional IAM INGLÉS- Abril 2018 · Fondo IAM Renta Plus Fund Objective:Maximize...

I N S T I T U T I O N A L P R E S E N T A T I O N

A P R I L 2 0 1 8

1

O U R H I S TO R Y

Industrial Asset Management S.A. arises from the purchase of a former managing company ,MBA Lazard tHoldings S.A., which owned 95% of the share capital, while the remaining 5% belonged to MBA Sociedad de Bolsa SA. In this way we started to be

part of the Bind Group, a group of companies with a common identity that together provide financial services.

Industrial Asset Management manage Mutual Funds supported by Banco Industrial S.A ,as depositary. When you choose to invest with us , you agree to products designed and managed by professionals with experience and knowledge that enhanced

value by investing in multiple assets with upside potential and low risk.

We provide investors to a range of alternatives funds with a portfolio approach that takes into account each investors profile in terms of profitability and savings expectations.

With our Mutual Funds IAM family, we o�er a simple way to invest, based on our in-depthlocal knowlegde that optimizes risk-return trade-o�.

2

A B O U T B I N D

Bind Banco Industrial is a private bank owned by local shareholders that is fully committed to our country's growth. Our business strategy focuses on providing financial services and products prioritizing personal attention, agility and professionalism.

The key factor that allowed us to grow in Corporate Banking segment and then into Retail Banking was providing excellency on services regarding needs and expectations of each client. In addition to this, in business services we are pioneers in the use of

factoring as a financing tool for SMEs.

We combine a highly qualified local management with a solid equity structure that allows us to bring a comprehensive range of specialized services in Corporate Banking, Foreign Trade, Capital Markets and Foreign Exchange Market.

An essential part of our strategy of business diversification was the creation of a group of companies , BIND GROUP, with a common identity. Industrial Brokerage, Industrial Asset Management and Industrial Insurance Broker generate commercial synergies and

let us o�er value to our clients.

Fondo IAMAhorro Pesos

Fondo IAMRenta Variable

Fondo IAMRenta Capital

3

Fondo IAMAbierto PyMes

Fondo IAMRenta Plus

Fondo IAMRenta Crecimiento

Fondo IAMRenta Dólares

Fondo IAM Estrategia

IAM Mutual Funds

A Simple way of investing,minimizing risks.

4

P U R P O S E A N D A D V A N TA G E S

Diversification: Each investor owns a share (Cuotaparte) that represents a portion of a set of assets reducing unique risk.

Liquidity: Mutual funds allow investors to access to cash in a shorter period of time than other similar assets.

Cost reduction: Allows to replicate index easily and at lower cost than buying individual assets.

Provide small and medium investors the opportunity to boost their savings together and invest in the financial market with the criteria and professionalism as large investors.

5

O U R F U N D S FA M I LY

IAM Ahorro Pesos IAM Renta VariablePesosIAM Renta PlusIAM Renta CapitalIAM CrecimientoIAM PYME

DólaresIAM Renta DólaresIAM Estrategia

Money Market Fixed Income Equity

6

SHORT MEDIUM LONG

TERM

LOW

MED

IUM

HIG

H

IAM Ahorro Pesos

IAM Renta Plus

IAM Renta Capital

IAM Renta Crecimiento

IAM Renta Dólares

IAM Renta Variable

IAM Renta Estrategia

Yield Curve in $ Yield curve in USD

RETU

RN

RETURN / TERM

Fondo IAM Ahorro Pesos

Fund Objective: The portfolio follows a conservative approach investing in short term assets and seeks to achieve a higher performance than its benchmark ( 50% saving account rate plus 50% fixed deposit rates).

Investor Profile: The fund is aimed to investors with a high level of risk aversion and whose objective is to preserve capital by obtaining daily liquidity.

Additional information: Inception date: September 3, 2015 Currency: ARS Net Assets: $ 709.897.515 Average life: 72 daysRedemption payments: INMEDIATE Rating: “AA¨ Moody´s Type of fund: Money Market

Bloomberg Code: IAMAHPB AR (Equity)Reuters Code: LP68336124

Management Fees

Tax treatmentCorporates: Exempt from taxes on bank debits and credits.Individuals: Exempt from tax on bank debits and credits & from income tax.

27/04/18

7

Classes Character Fees-Nominal Anual Rate*

Class A Individual investor 1,24%

Class B Corporate investor 0,72%

Class C Bind employees 0,72%

Class D +500MM 0,72%

Portfolio composition

The sum of shares may di�er from 100% due to possible existence of liabilities (for example: shares redeemed to be paid, etc.)

Main Fund Assets

The portfolio is actively managed so that current positions can be di�erent.

Fund IAM Ahorro - Class B Share

Annualized E�ective Rate

Returns Class A Class BYear 2017 23,36% 23,36%

2018 Ytd. 25,28% 25,28%

Last 30 days 25,60% 25,60%

*there are no sales charge or redemption charge.

CASH &EQUIVALENTS

SOVS.BONDS

LIQUIDITYMG.

CORP.BONDS

TERMDEPOSITS

64,34%

28,88%

5,43% 1,36% 0,00%

Term Deposit VOII 5,74%

Corp CLCEO 3,02%

Term Deposit Galicia 2,95%

Term Deposit Cordial 2,86%

Term Deposit Cordial 2,85%

1,800

1,700

1,600

1,500

1,400

1,300

1,200

apr -

17

may

-17

jun

-17

jul -

17

aug

-17

sep

-17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

Fondo IAM Renta Plus

Fund Objective:Maximize the performance of a portfolio of diversified fixed-income local assets in pesos. It prioritizes the preservation of capital in terms of return adjusted risks.

Investor Profile:The fund is aimed at investors with a low appetite for risk and whose objective is the conservation of capital, maintaining a high level of liquidity in the short term.

Additional information:Inception date: September 3, 2015 Currency: ARSNet Assets: $ 2.195.343.782 Average life: 127 daysRating: “A-bf.ar¨ Moody´s Redemption payments: 24 hours

Bloomberg Code: IAMREPB AR (Equity)Reuters Code: LP68335684

Management Fees

Tax treatmentCorporates: Exempt from taxes on bank debits and credits.Individuals: Exempt from tax on bank debits and credits and from income tax.

Portfolio Composition

The sum of the shares may di�er from 100% due to the possible existence of liabilities (for example: shares redeemed to be paid, etc.

Main Fund Assets

The portfolio is actively managed so that current positions can be di�erent.

27/04/18

8

Classes Character Fees- Nominal Anual Rate*

Class A Individuals 1,96%

Class B Corporates 1,74%



Fund IAM Renta Plus - Class B Share



2018 Ytd. 27,60% 27,89%

Last 30 days 25,92% 26,21%


I21J8 30,89%

I16Y8 23,23%

I18L8 13,47%

AF19 6,71%

PF Galicia 3,05%

BCRABILLS

TERMDEPOSITS

SUBSOVS.BONDS

ASSET BACKEDSECURITIES

CASH &EQUIVALENTS

10,34% 10,12% 7,39%4,20% 0,38%

67,57%

CORP.BONDS

1,700

1,600

1,500

1,400

1,300

1,200

1,100

1,000

apr -

17

may

-17

jun

-17

jul -

17

aug

-17

sep

-17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

Fondo IAM Renta Capital

Fund Objective: Maximize the performance of a diversified local bonds portfolio with attractive valuation and low volatility.

Investor Profile: The fund is aimed to investors with a low level of risk aversion and whose objective is to access to a diversified portfolio of fixed income assets with an adequate level of volatility.

Additional information:Inception date: July 5, 2016 Currency: ARSNet Assets: $ 1.356.171.476 Average life: dyad daysRating: “A-bf.ar¨ Moody´s Redemption payments: 24 hours Bloomberg Code: IAMRCAB AR (Equity)Reuters Code: LP68378845

Management Fees


Type of Classes Character Fees-Nominal Anual Rate*





27/04/18

9


The sum of the shares may di�er from 100% due to the possible existence of liabilities (for example: shares redeemed to be paid, etc.)

Main Fund Assets

The portfolio is actively managed so that current allocations can be di�erent.

Fund IAM Renta Capital - Class B



2018 Ytd. 28,64% 28,90%

Last 30 days 26,72% 26,97%


ASSET BACKEDSECURITIES

SOVS.BONDS.

TERM DEPOSITS

54,98%

29,43%

6,92% 3,77%

CORP.BONDSPESO

L2PS8 9,07%

AF19 6,08%

ON Banco... 4,49%

ON HSBC 3,75%

NO20 2,95%

ON Tarshop 2,74%

1,600

1,500

1,400

1,300

1,200

1,100

1,000

apr -

17

may

-17

jun

-17

jul -

17

aug

-17

sep

-17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

Fondo IAM Renta Crecimiento

Fund Objective: Seek to optimize return on a diversified medium-term fixed income portfolio.

Investor Profile: The fund is aimed at investors with a medium risk level whose objective is to be able to access a diversified portfolio of Argentine fixed-income assets within a medium-term horizon.

Additional information:Inception date: September 4, 2015 Currency: ARSAsset: $ 11.354.176 Average life: 74 daysRating: “BBB-bf.ar¨ Moody´s Redemption payments: 48 hours Bloomberg Code: IAMRECB AR (Equity)Reuters Code: LP68335833

Management Fees

Tax treatmentCompanies: Exempt from taxes on bank debits and credits.Individuals: Exempt from tax on bank debits and credits and from income tax.

Classes Character Fees-Nominal Anual Rate*


Class B Companies 1,96%


Class D +500 MM 1,96%

27/04/18

10

Portfolio CompositionThe sum of the shares may di�er from 100% due to the possible existence of liabilities (for example: shares redeemed to be paid, etc.)

Main Fund Assets


Fund IAM Renta Crecimiento - Class B



2018 Ytd. 27,72% 28,11%

Last 30 days 33,01% 33,41%*there are no sales charge or redemption charge.

CORP. BONDSDL

SOVS. BONDS

27,94%

18,31%

46,99%

BCRABILLS

DLR052018 45,23%

I21J8 30,95%

AF19 27,94%

ON Banco Galicia 26,42%

1,900

1,800

1,700

1,600

1,500

1,400

1,300

1,200

1,100

1,000

apr -

17

may

-17

jun

-17

jul -

17

aug

-17

sep

-17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

Fondo IAM Abierto PyMes

Fund Objective: Invest in products aimed at financing Pymes (small and medium businesses).

Investor Profile: The fund is aimed at qualified investors, with a moderate level of risk aversion and whose investment horizon is medium term.

Additional information:Release date: Noviember 30, 2015 Currency: ARSAsset: $ 61.875.349 Average life: 126 daysRate risk: “A¨ Moody´s Payment of rescues: 48 hours Type of Fund: Pymes

Bloomberg Code: IAMREAB AR(Equity)Reuters Code: LP68348485

Management Fees


Type of Classes Character Fees-Nominal Anual Rate

Class A Person 2,59%

Class B Entity 2,19%

Class C Person/ Entity related 1,29%

Class D >$500M 1,14%

27/04/18

11


Main Fund AssetsAnnualized E�ective Rate

Returns Class BYear 2017 22,46%

2018 Ytd. 24,51%

Last 30 days 24,51%

Fund IAM Abierto Pymes - Class B Share

GUARANTEEDCHECKS

CORP.SMEs

BONDS

ABSSMEs

63,90%

21,32%

7,45% 5,89%1,45% 0,00%

OTHERASSETS

CASH &EQUIVALENTS

SOVS. BONDS+ BCRA BILLS

ON PYME MILA II 7,31%

CGM 11 6,47%

Liquidez 4,44%

ON Rogiro 2,76%

FF Mila 2,32%

FF Trend Capital 2,19%

1,700

1,600

1,500

1,400

1,300

1,200

1,100

1,000

apr -

17

may

-17

jun

-17

jul -

17

aug

-17

sep

-17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

Fondo IAM Renta Dólares

Fund Objective: Maximize the performance of a portfolio of diversified fixed-income short term dollar assets. It prioritizes the preservation of capital, seeking to invest in assets of high credit quality and with low volatility.

Investor Profile: The fund is aimed at investors with a conservative risk level whose objective is to access a diversified portfolio of Argentine fixed-income financial dollar assets within a short-term horizon.

Additional information:Inception date: March 13, 2017 Currency: USDNet Assets: USD 134.808.048 Average life: 0,97 yearsRating: “A¨ Moody´s Redemption payments: 24 hours

Bloomberg Code: IAMRDBOB AR (Equity)Reuters Code: LP68413477

Management Fees


Type of classes Character Fees- Nominal Anual Rate*




Class D +30MM 0,4605%

27/04/18

12


The sum of the shares may di�er from 100% due to the possible existence of liabilities (for example: shares redeemed to be paid, etc.)

Main Fund Assets




2018 Ytd. 2,99% 3,10%

Last 30 days 2,78% 2,88%

Fund IAM Renta Dólares - Class B Share


1,0700

1,0500

1,0300

1,0100

0,9900

0,9700

0,9500

jun

-17

jul -

17

aug

-17

sep-

17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

SOVS. BONDSUSD

CORP. BONDSUSD

ABS USD TERM DEPOSITS

USD

26,19%

6,36% 3,97% 3,10%

57,82%

GUARANTEEDCHECKS

L2DE9 9,70%

LTDS8 8,42%

LTDF9 6,87%

LTDE9 5,89%

AA19 4,57%

RSCBO 4,44%

Fondo IAM Estrategia

Fund Objective: Maximize the performance of a portfolio of diversified fixed-income assets in dollars. The fund seeks opportunities for capital gain and proactive management along the yield curve.

Investor Profile: The fund is aimed at investors with a moderate level of risk whose objective is to be able to access a diversified portfolio of Argentine fixed-income assets in dollars within a medium-term horizon.

Additional information:Inception date: March 13, 2017 Currency: USDAsset: USD 14.969.668 Average life: 763 daysRating: “BBB¨ Moody´s Redemption payments: 48 hours

Bloomberg Code: To be defined (Equity)Reuters Code: To be defined

Management Fees


Type of Classes Character Fees-Nominal Anual Rate*




Class D +30MM 0,72%

27/04/18

13


Main Fund Assets


Bonar 2024 18,58%

ON EPEC 2022 11,16%

FF Vicentin Clase B 10,11%

ON GEMSA 2020 6,30%

Bonar 2020 5,49%

John Deere Clase XI 5,04%



2018 Ytd. 2,85% 3,06%

Last 30 days 3,24% 3,45%

Fund IAM Estrategia - Class B Share


SOVS. BONDSUSD

CORP. BONDSUSD

ABS USD CASH &EQUIVALENTS

11,43% 9,98% 9,36% 8,28%

54,84%

SUBSOVS.BONDS USD

1,0300

1,0250

1,0200

1,0150

1,0100

1,0050

1,0000

0,9950

0,9900

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

Fondo IAM Renta Variable

Fund Objective: Seeks long-term capital appreciation. The investment policy is based on low asset turnover, risk diversification and selection of stocks with good performance and attractive valuation.

Investor Profile: The fund is aimed at investors with a high level of risk whose objective is to obtain a yield superior to the Benchmark (Merval) by accessing a diversified portfolio of stocks.

Additional information:Release date: November 8, 2017 Currency: ARSAsset: $13.107.374 Payment of rescues: 48 hoursRate risk: “Ef3-bf.ar¨ Moody´s

Bloomberg Code: RTAVAAB AR (Equity)Reuters Code: LP65067481

Management Fees

Tax treatmentCorporates: Exempt from taxes on bank debits and credits.Individuals: Exempt from taxes on bank debits and credits and from income tax.

27/04/18

14

Type of Classes Character Fees- Nominal Anual Rate*



Class C Bind employee 2,87%

Class D +30MM 2,37%


The sum of the shares may di�er from 100% due to the possible existence of liabilities (for example: shares redeemed to be paid, etc.

Main Fund Assets


Fund IAM Renta Variable - Class B

Direct Return on Investment


2018 Ytd. 0,35% 0,42%

Last 30 days -5,65% -5,64%


STOCKSCASH &EQUIVALENTS

MERVALINDEX

OTHER ASSETS

56,40%

28,55%10,83%

4,22%

FUTMERVJUN18 28,55%

I16Y8 21,69%

PAMP 11,74%

GGAL 10,83%

BMA 6,07%

TXAR 5,58%

YPFD 5,31%

21,000

19,000

17,000

15,000

13,000

11,000

9,000

7,000

apr -

17

may

-17

jun

-17

jul -

17

aug

-17

sep

-17

oct -

17

nov

-17

dec -

17

jan

-18

feb

-18

mar

-18

apr -

18

15

Dec 2016

$2.625.023.730+579% over Sep 15

Dec 2017

$5.451.504.997+107% over Dec 16

April 2018

$7.775.966.089+42% over Dec 17

Sept 15/ Inception

$386.309.400

G R O W T H*Assets under management

16

B I N D R AT I N G

FIXSCR

LONG TERM MEDIUM TERM

17

IAM RENTA CRECIMIENTOIAM RENTA PLUSIAM AHORRO PESOS

IAM RENTA VARIABLEIAM ABIERTO PYMES

IAM RENTA CAPITAL

IAM RENTA DÓLARES IAM ESTRATEGIA

I A M F U N D S R AT I N G

Javier PadovaDirector

[email protected]

(+54 11) 15 3042 0278

@

Javier PopowskyDirector

[email protected]

(+54 11) 15 5220 5755

@

Gaston EckelhartDirector

[email protected]

(+54 11) 15 3003 3587@

Ignacio BoccardoDirector

[email protected]

(+54 11) 15 5579 0310

@

18

Martin Salvo, CFA Portfolio Manager

[email protected]

(+54 11) 15 3801 2107

@

Daniela CastaldoHead Portfolio

[email protected]

(+54 11) 15 6707 5216

@

Ezequiel BarrientosHead Back Office

[email protected]

(+54 11) 15 5576 3058

@

Paola Bazán GóngonaMiddle Office

[email protected]

(+54 11) 15 5954 1450

@

Diego CetaniCommercial Manager

[email protected]

(+54 11) 15 4415 6578

@

O U R T E A M

¡ T H A N K Y O U !

asset.bind.com.ar

Presentación Institucional IAM INGLÉS- Abril 2018 · Fondo IAM Renta Plus Fund Objective:Maximize...

Documents

Transcript of Presentación Institucional IAM INGLÉS- Abril 2018 · Fondo IAM Renta Plus Fund Objective:Maximize...