Funds
Follow us:
Homepage
Funds
Media
Contact
Funds
Follow us:

TBF
BALANCED

Homepage » Funds » TBF BALANCED

Intelligently combined with each other

Investment style

The globally investing TBF BALANCED combines two different investment styles, taking ESG criteria into account. The macroeconomic top-down approach filters opportunities on the bond market and benefits from the fund management's experience in actively managing duration, credit ratings and currencies. On the equity side, the bottom-up approach focuses on stocks identified on the basis of extensive in-house company analysis and company discussions. The balanced fund invests 40% - 60% in bonds and equities.
  • Monthly fund commentary
für Dezember (01.12.2024 - 31.12.2024)

Der Dezember stand im Zeichen der US-Notenbank, die für das kommende Jahr weniger Zinssenkungen in Aussicht stellte, als vom Markt erwartet. Die Folge: Gewinnmitnahmen bei Aktien, wodurch der S&P 500 den Monat mit einer Performance von -2,4% abschloss, der Nasdaq aber mit +0,5% einen weiteren positiven Monat bescherte. 10-jährige US-Staatsanleihen notierten gegen Ende des Monats circa 40 Basispunkte höher – bei 4,6%. In solchen volatilen Marktphasen enttäuscht der Korrelationseffekt zwischen Aktien und Anleihen. Aktien und Anleihen konnten jeweils nur negative Beiträge liefern, lediglich die Fremdwährung des US Dollars konnte zu einer leichten Stabilisierung beitragen.
Press releases
To the podcasts
  • Performance
Course dates
Performance in 12-month periods
  • Asset structures
Länderaufteilung
Branchenstruktur
Branchenaufteilung
Währungsaufteilung
  • Fund facts EUR I (DE000A2PE1K7)

Stand: 16.01.2025

NAV 110,91 EUR
Issue price 110,91 EUR
Redemption price 110,91 EUR
Performance 1 day 0,02 EUR
Performance year-to-date 0,56%
ISIN DE000A2PE1K7
WKN A2PE1K
Fund category Mixed funds
Launch date 01.08.2019
Total fund assets 7,60 Mio. EUR
End of fiscal year 31.07.
Fund domicile Germany
Dividend accumulating
UCITS-compliant yes
   
Issue charge 0,00 %
Redemption charge 0,00 %
Total expense ratio 1,04 % p.a.
therefrom management fee 0,75 % p.a.
therefrom custodian fee 0,04 % p.a.
Performance fee no
Fund management TBF Global Asset Management GmbH
Capital management company HANSAINVEST
Custodian Donner & Reuschel Aktiengesellschaft
  • Ratings
Status: 29.11.2024
Morningstar Rating™ 3 years
  • Performance
Course dates
Performance in 12-month periods
  • Asset structures
Länderaufteilung
Branchenstruktur
Branchenaufteilung
Währungsaufteilung
  • Fondsdaten EUR S (DE000A2PE1J9)

Stand: 16.01.2025

NAV 109,44 EUR
Issue price 114,91 EUR
Redemption price 109,44 EUR
Performance 1 day 0,02 EUR
Performance year-to-date 0,55%
ISIN DE000A2PE1J9
WKN A2PE1J
Fund category Mixed funds
Launch date 01.08.2019
Total fund assets 7,60 Mio. EUR
End of fiscal year 31.07.
Fund domicile Germany
Dividend accumulating
UCITS-compliant yes
   
Issue charge 5,00 %
Redemption charge 0,00 %
Total expense ratio 1,33 % p.a.
therefrom management fee 0,97 % p.a.
therefrom custodian fee 0,04 % p.a.
Performance fee no
   
Fund management TBF Global Asset Management GmbH
Capital management company HANSAINVEST
Custodian Donner & Reuschel Aktiengesellschaft
  • Ratings
Status: 29.11.2024
Morningstar Rating™ 3 years
Source: Hansainvest, TBF, Morningstar
  • TBF Sales and Marketing GmbH
    HEGAU-TOWER, Maggistr. 5
    78224 Singen
  • +49 40 / 308 533 50
  • info@tbfsam.com
Newsletter
Register now and stay well informed!
Registration
© 2025 TBF Sales and Marketing GmbH. Website by
medien.love
imprint Privacy policy
COOKIES
to tbfglobal.com

Bitte akzeptieren Sie die folgenden rechtlichen Hinweise

This website is aimed exclusively at professional investors in accordance with MiFID legislation. “Professional investors” are therefore investors who have the necessary experience and expertise, including, for example, asset managers, distribution partners and financial intermediaries. If you do not belong to this category, we advise you not to visit this website.

If you are not a professional investor and would like information on our range of products and services, we recommend that you contact the FONDSNET customer advisory service: telephone number 022352-95669810, e-mail: kundenberatung@fondsnet.de.
Contact

TBF Sales & Marketing GmbH only provides information about the products and services and does not give investment advice based on individual circumstances. If you are unsure whether an investment is suitable for you, you should seek the advice of an independent financial advisor.

The content provided on these pages are legal documents and marketing material for professional investors and financial advisors. The information and documents on this website may be made available in more than one language.

By clicking on the button, you confirm that you are a professional investor. You also confirm that you have carefully read the terms and conditions described here and that you agree with them. Only under these conditions will you be granted access to this website.

If you are a professional client / investor, please confirm this explicitly to us:

I am a professional client/investor

Daniel Dreher

fund manager
After completing his apprenticeship as a banker at Volksbank Baden-Baden Rastatt eG, he immediately began a trainee program to become a securities specialist in Volksbank's Private Banking division. After completing the trainee program in 2011, he was initially responsible for the bank's product portfolio as a securities specialist before becoming an advisor to wealthy private clients within the Private Banking division.

He began studying part-time in 2010, successfully completing his Bachelor of Arts in Finance and Management. In 2017, he completed his Master of Science in General Management. He counts his internship in Group Treasury at DZ BANK AG in New York as one of the most important and valuable experiences he had during his studies.

Since October 2017, he has been employed as portfolio manager at TBF Global Asset Management GmbH and is in charge of defensive mandates most importantly the segment of European special situations.

Sebastian Schütt

Head of trade
After his apprenticeship as a banker at Dresdner Bank AG in Frankfurt am Main, he studied international business administration. This was followed by positions as a sales trader/stock broker at well-known and internationally operating institutions, including Cantor Fitzgerald International, where he worked most recently as a partner.

From 2010 to 2013, he was in charge of setting up institutional stock trading in Frankfurt am Main for Hauck & Aufhäuser Privatbankiers, focusing on small and mid caps. Similar positions in other institutions then followed. Most recently, he was employed at BNY Mellon at the multi-asset trading desk.

TBF has benefited from his expertise since December 2017. He is primarily responsible for further developing portfolio management processes and TBF's trading standards.

Patrick Vogel

Senior fund manager
Patrick Vogel began his career at Deutsche Bank/DWS. There he worked as a portfolio manager in the equities, multi-asset and fixed income sectors. He then worked at MainFirst for more than ten years. Patrick Vogel was part of the Global Equities / Multi Asset team for a long time and was appointed to the Management Board as Head of Portfolio Management in 2021. He was responsible for the implementation of sustainability approaches. He completed his Master's degree at the Frankfurt School of Finance & Management and is also a Certified Expert in Sustainable Finance.

Patrick Vogel joined TBF in January 2023 as Head of Strategic Asset Management and Senior Portfolio Manager.

Roman Kostal

Senior fund manager
Roman Kostal has over 25 years of experience in managing global fixed income funds and mandates. Previously, he was responsible for the management of global fixed income funds and mandates with an active currency approach at MainFirst, Eaton Vance and Oechsle International, primarily for institutional clients. Roman holds a bachelor's degree in economics from the University of Ostrava (Czech Republic) and a degree in business administration from the University of Regensburg. He is also a certified European Financial Analyst (CEFA).

Roman Kostal joined TBF as Senior Fund Manager in December 2022.

Roman Kostal

Senior fund manager
The graduate in economics and business administration began his investment career in 1987 at Bankers Trust, followed by positions at JP Morgan and Dresdner Kleinwort. At Ethenea Independent Investors, he was CIO and lead manager for global bonds in developed nations for eleven years. He played a key role in the company's success and was able to deliver decisive added value for all bond portfolios with his approaches.

He has been part of the TBF team since August 2019. As Senior Portfolio Manager and CEO, he is responsible for all of TBF's bond investments together with his colleague Roman Kostal.
Homepage
company
fund manager
investment process
press
events
transparency
jobs
Funds
Media
Contact

Peter Dreide

CIO and founder
Peter Dreide was characterized at an early stage by his determination and sense of responsibility. So it was only natural that the later founder and CIO of TBF Global Asset Management GmbH moved to Canada to take on new challenges in 1992. He started his career as an investment consultant at Deutsche Bank AG. In Canada, he worked for McLean McCarthy in the institutional brokerage sector and headed the International Sales department for German clients.

This was followed by senior positions at Barclays de Zoete Wedd, Deutsche Morgan Grenfell in London and Head of Domestic and International Sales at Deutsche Bank Securities in Canada.

He moved back to Germany with his wife and three children and founded his own company, TBF Global Asset Management GmbH, in 2000. Since then he acts as Chief Investment Officer.
en_USEN
en_USEN de_DEDE