The Fat Prophets Global High Conviction Hedge Fund (FATP.ASX) has transitioned to become the Savana US Small Caps Active ETF (SVNP.ASX) following a change in the responsible entity. Fat Prophets serves as the Fund’s Investment Manager.
The Fund was admitted to quotation on a Securities Exchange, units in the Fund are traded on a Securities Exchange like any listed security. The Fund comprises assets which are acquired in accordance with the Fund’s investment strategy. In a unit trust structure, when you invest your money, it is pooled with other investors funds. Each unit represents an equal share in the net asset of the Fund, or where there are classes of units, of the net assets referable to that class.
The Fund operates using an AI model with a contrarian approach, enabling it to identify and capitalize on opportunities others may overlook. The portfolio typically comprises 30-50 stocks.
The Fund invests in US Small Cap listed equities and cash, designed for long-term investors. The Fund’s performance objective is to outperform the S&P 600 Total Return Index, after fees, over a medium to long term investment horizon.
