The company offers a new investment strategy under its discretionary portfolio management services which is said to deliver ‘superior’ long-term returns using a proprietary back-tested strategy to curtail volatility and downside risk. However, details of the returns through the back tested model have not been provided
Moneylife Digital Team
Edelweiss Personalized Managed Accounts (PMA) has launched a new product Beta Overlay Over Mutual Funds (BO.O.M). Scheme with fancy names have not quite succeeded in the past. The strategy is designed to enhance equity mutual fund portfolio returns by strategically hedging the long-only component of equity mutual funds with Nifty futures when the markets are weak. This portfolio will comprise futures, options and units of equity/debt/liquid mutual fund schemes.