MIMS – DIVERSIFIED PASSIVE SELECTION FUND (REPORT DECEMBER 2021)

The Passive Fund is composed by a number of Exchange Traded Funds selected by Minerva Investment Management Society, reflecting the output of the research of the Passive Portfolio Team. These ETFs aim to replicate as closely as possible the performance of a basket of securities with specific common properties, thus being effective instruments for investors who wish to express a certain view on industry sectors or economic trends whilst to capturing as little idiosyncratic risk as possible. Each ETFs was carefully chosen in line with the macroeconomic outlook. Our allocation is based on a diversification process achieved among geographies, asset classes and sectors.