RM Infrastructure Income PLC GBP · LSE:RMII
RM Infrastructure Income PLC GBP — RM Funds — Investor Presentation (November 2020)
25 slides from RM Infrastructure Income PLC GBP's investor presentation, November 2020
Slide 1: VT RM Global Real Opportunities Fund New Fund Launch Presentation
VT RM Global Real Opportunities Fund VT RM Global Real Opportunities Fund New Fund Launch Presentation Q4 2020
Slide 2: Disclaimer
Disclaimer This is an advertisement and not a prospectus for the purposes of EU Directive 2003/71/EC or Part VI of the Financial Services and Markets Act 2000 ("FSMA"). Investors should not subscribe for shares referred to in this advertisement except on the basis of information in the prospectus (t
Slide 3: In this Presentation
In this Presentation About RM Funds 5 About RM Funds 6 Senior Leadership Market Backdrop 8 The New Normal Fund Overview 10 Fund Summary 11 Key Investment Themes 14 Model Portfolio 15 Simulated Performance Appendix I 17 Investment Process 18 ESG & Stewardship 19 Investment Example 20 Hedging Policies
Slide 4: About RM Funds
About RM Funds ▪ Firm Snapshot ▪ Senior Leadership 4
Slide 5: About RM Funds
About RM Funds RM Funds is a trading name of RM Capital Markets Limited (“RM”). RM specialises in alternative asset management. ▪ Award winning – Alternative Credit Fund Manager of the Year 2017 and 2018. Runner-up 2019. ▪ RM was founded in 2010. ▪ RM currently manages: – Public and Private Credit S
Slide 6: RM Funds – Senior Leadership
RM Funds – Senior Leadership Fund Management Leadership Pietro Nicholls Investment Team Experience Portfolio Manager, Investment Committee Member ▪ Five person Investment Team focused on Liquid and Illiquid alternative securities/assets ▪ Expertise in structuring and managing alternative assets incl
Slide 7: The New Normal
The New Normal ▪ Market Conditions 7
Slide 8: The New Normal
The New Normal The Global Health Crisis has created the worst macro economic ▪ Negative Rate Environment environment in decades. ▪ Record Unemployment Troubled What was initially a supply side shock, has translated into demand side chaos, as central governments around the world Macro implemented hea
Slide 9: Portfolio Summary
Portfolio Summary ▪ About the Fund ▪ Key Investment Themes ▪ Model Portfolio ▪ Simulated Portfolio Performance 9
Slide 10: VT RM Global Real Opportunities Fund Overview
VT RM Global Real Opportunities Fund Overview The VT RM Global Real Opportunities Fund (the “Fund”) launches in Q3 2020. ▪ Q4 2020 Launch ▪ Built upon the success of our existing alternatives strategy (VT RM Alt Income), the VT RMGRO Fund expands on our ▪ OCF Capped: 0.75% core thematic approach, wi
Slide 11: Socio-Demographic Change
Socio-Demographic Change The global population is growing and ageing. By 2030 the SUMMARY STATISTICS population is expected to be over 8bn, and the total number of people over the age of 60 is predicted to grow from c.962M in $200bn per annum Expected growth in G7 Countries ex US 2017 to c.2.1bn wor
Slide 12: Industrial Digitisation
Industrial Digitisation The global health crisis immediately disrupted consumer SUMMARY STATISTICS behaviours and accelerated the structural decline of traditional physical based businesses and services. +9.1% per annum growth in internet usage1 Working from Home, E-commerce and cloud based applicat
Slide 13: Energy, Resources and Sustainability
Energy, Resources and Sustainability “Climate change, natural disasters and abnormal weather SUMMARY STATISTICS patterns are increasingly have effects on our socio-economics, demographics, crop production, food security, migration, and 250,000,000 estimated electric vehicle stock on the road by poli
Slide 14: Model Portfolio
Model Portfolio Portfolio Statistics ▪ P/B: 5.3x ▪ Direct Equity Exposure: 20% Key Restrictions ▪ Max Credit Exposure: 15% ▪ Top #10 Exposure: c.37% ▪ Sharpe Ratio: 1.16 ▪ Credit Exposure: 15% ▪ Max Country Risk: 45% ▪ No EM Markets ▪ # of Holdings: 35 ▪ Beta: 0.39 ▪ Real Asset Exposure: 63% ▪ Max T
Slide 15: Simulated Portfolio Performance
Simulated Portfolio Performance VT RM Global Real Opportunities Fund Historical Simulation – Rebased at 100 on 2nd June 2014 Modelled Simulated Performance 330.00 ▪ VT RM GRO: 180.11% ▪ FTSE All-Share Total Return: 15.41% 280.00 ▪ IBoxx Sterling Non-Gilt Total Return Index: 70.45% 230.00 Market Driv
Slide 16: Appendix I
Appendix I ▪ Investment Process ▪ ESG & Stewardship ▪ Investment Example ▪ Hedging Policies 16
Slide 17: 360° Investment Process
360° Investment Process ▪ Top-down macro view to identify key investment themes – supports Rigorous investment process, allocation strategy. Macro & with a focus on both top-down Thematic and bottom-up analysis to ▪ Idea-led fundamental bottom-up Top-Down support investment decisions. analysis drive
Slide 18: Stewardship
Stewardship RM Funds is a signatory to the Principles for Responsible Investing “PRI” ▪ This sets six principles which incorporates ESG into the investment process ▪ As an investor we engage in direct dialogue with management teams and the Boards, RM Funds is well positioned to create an impact, gen
Slide 19: Investing Across the Supply Chain – Investment Case Study
Investing Across the Supply Chain – Investment Case Study Global Opportunity Set Unlocking Value by in-depth ▪ VOD: LN Analysis of the supply chain ▪ Market Capital: c.£31.3bn ▪ Capex spend, COGs, SG&A and R&D are important data points in understanding the ▪ 196 Suppliers, 60 Customers, 25 Peers sup
Slide 20: Hedging Policies (Simulated Performance)
Hedging Policies (Simulated Performance) VT RM Global Real Opps VT RM Global Real Opps Two Year Simulated Performance Rebased Cyclical Correction Simulated Performance (Q4 2018) Market Risk Hedging Rebased 140.00 Minimal drag on performance ▪ Policy to reduce exposure to market risk 135.00 103.00 du
Slide 21: Appendix II
Appendix II ▪ Summary ▪ Fund Terms ▪ Contact Details 21
Slide 22: Summary
Summary RM Funds designed the VT RMGRO to generate a modest income and capture growth from a thematic idea-led opportunity set whilst providing the tools to limit risk through hedging. ✓ Balanced Investments: Aiming to generate a mix of income (3-4%) and medium-term growth ✓ Asset / Portfolio Divers
Slide 23: Terms
Terms Key Term Details Distributions: Quarterly in arrears Share Classes: Share Class Income & Acc available Currency: GBP, EUR, USD £1 Retail / Top-up £1 Min Investment: £10,000 Institutional / Top-up £1 Valuation / Trading: Daily Retail: AMC: 0.75% / OCF: 0.85% Fund Management Charges / OCF: Insti
Slide 24: Contact Information
Contact Information Investment Management Distribution Pietro Nicholls: 0203 697 1768 | [email protected] James Satterthwaite: 0131 603 7068 | [email protected] David Watts: 0131 603 7064 | [email protected] Head Office: 7 Melville Crescent, Edinburgh, EH3 7JA
Slide 25: Registered in Scotland No SC380707 Registered Office: 7 Melville Crescent, Edinburgh, EH3 7JA RM
Registered in Scotland No SC380707 Registered Office: 7 Melville Crescent, Edinburgh, EH3 7JA RM Capital Markets Limited is authorised and regulated by the Financial Conduct Authority (Number 562209)