Solutions
In preparation · launch expected in about three monthsPublikums-AIF: Open-Ended Mutual Fund
SINTRO is bringing its systematic investment approach into an open-ended public fund, a Publikums-AIF regulated under the German Capital Investment Code (KAGB). The fund is currently being set up and is expected to launch in about three months, in the first quarter of 2027.
- Structure
- Open-ended Publikums-AIF
- Regulated under the German KAGB
- Status
- In preparation
- Launch expected in about three months (Q1 2027)
- Total expense ratio
- 0.50% p.a.
- Minimum investment
- EUR 100,000
- Liquidity
- Daily
- Subscriptions and redemptions on every valuation day
- Strategy
- Systematic-Traded Fund
- Rules-based, with hard-coded risk limits
What a Publikums-AIF is
An alternative investment fund (AIF) is any investment fund that does not fall under the UCITS directive. In Germany, the Capital Investment Code (KAGB) distinguishes between special AIFs, which are reserved for professional and semi-professional investors, and public AIFs (Publikums-AIF), which may also be offered to private investors under stricter rules on product design, documentation and supervision.
An open-ended fund issues and redeems units continuously at their net asset value. The fund is managed by a licensed capital management company (Kapitalverwaltungsgesellschaft, KVG) supervised by BaFin, and its assets are held by an independent depositary. Fund assets are kept separate from the assets of the management company, which protects investors if the company itself runs into difficulties.
Key features of the SINTRO fund
- 01
Daily liquidity
Units can be subscribed and redeemed on every valuation day at the published net asset value, so the investment remains liquid.
- 02
Transparent, low costs
A total expense ratio of 0.50% per year covers the ongoing costs of the fund. Automation lets us offer an active systematic strategy at a cost level closer to index products than to traditional active funds.
- 03
Systematic strategy with risk control
The fund follows SINTRO's Systematic-Traded Fund approach: signals, allocation, algorithmic execution and risk limits are automated and documented, without discretionary overrides.
- 04
Regulated fund structure
Management by a BaFin-supervised KVG, custody by an independent depositary and the investor protections of the KAGB.
- 05
Simple access
Once launched, units can be bought through your bank or broker using the fund's ISIN, like any other investment fund.
Timeline
- 01
Fund set-up (now)
Structuring, fund documents and the regulatory process are under way.
- 02
Launch, expected in about three months
Subject to regulatory approval, we expect the fund to launch in the first quarter of 2027. The ISIN and the sales documents will be published here.
- 03
Register your interest today
Investors can already register their interest. We will contact you with the documents as soon as subscriptions open.
Fund or managed account?
Want to start before the fund launches? See [Segregated Managed Accounts](/segregated-managed-accounts).
Frequently asked questions
What is a Publikums-AIF?
A Publikums-AIF is an alternative investment fund under the German Capital Investment Code (KAGB) that may be offered to private as well as professional investors. It is managed by a BaFin-supervised capital management company, and its assets are held by an independent depositary.
When can I invest?
The fund is currently being set up and is expected to launch in about three months, in the first quarter of 2027, subject to regulatory approval. You can register your interest now and we will contact you when subscriptions open.
What does the total expense ratio include?
The TER of 0.50% per year covers the fund's ongoing costs, such as management, depositary and administration fees. As is standard, transaction costs within the fund are not part of the TER and are reported separately.
How liquid is the fund?
The fund is open-ended with daily liquidity: units can be subscribed and redeemed on every valuation day at the net asset value.
What is the minimum investment?
The minimum initial investment is EUR 100,000. For smaller amounts, from EUR 10,000, a segregated managed account offers access to SINTRO's strategies today.
Register your interest
Be among the first investors when the fund opens. Leave your details and we will send you the sales documents as soon as they are available.
Register interestOther solutions
- Systematic-Traded Funds (STFs)The investment sub-class behind every SINTRO strategy.
- Segregated Managed AccountsSINTRO strategies in an account held in your own name, from EUR 10,000.
- SPY3Our live strategy on US large caps with a Value-at-Risk veto.
- Macro RadarLive view of the macro factors our models monitor.