- Contact your adviser by phone or by secure mail, or to make an appointment on our premises,
- Use our e-banking services or our mobile banking application available 24/7, to check your accounts, make payments, check fund performances and read the latest news from Banque de Luxembourg.
Please note that a number of fraudulent e-mails are currently circulating, seeking to recover your personal and banking data.
We remind you that Banque de Luxembourg and LuxTrust will never contact you directly via your personal email address, by SMS or by telephone asking you to log in to your secure site and/or to provide confidential information linked to your accounts and bank cards.
BL Bond Euro
Bond fund
Data as of 13/01/2021
Risk level
| Low |  | High |
Performance
Average annual performance since launch 3,94 %
Performance as at 13/01/2021
| FUNDS | |
|---|---|
| 2018 | -0,54 % |
| 2019 | 0,57 % |
| 2020 | -0,18 % |
| Since 01/01/2021 | -0,07 % |
| Over the last 12 months | -0,26 % |
| Over 3 years | 0,33 % |
| Since launch | 219,54 % |
Composition
| Asset breakdown | |
|---|---|
| Bonds | 97,10 % |
| Cash | 2,90 % |
| Main positions | |
|---|---|
| Nordic Investment Bank 2018 .5% 03-11-2025 | 8,74 % |
| Kreditanstalt fuer Wiederaufbau KFW 2017 .25% 30-06-2025 | 8,65 % |
| Deutschland Series 181 2020 0% 11-04-2025 | 8,58 % |
| IDB Trust Services Ltd 2019 .037% 04-12-2024 | 6,97 % |
| Nederlandse Waterschapsbank NV Series 1414 2015 1% 03-09-2025 | 5,95 % |
Strategy
Investment objective and policy
The fund invests mainly in fixed income, variable income and convertible bonds denominated in euro or issued by top-quality issuers in the euro zone. Its key objective is to achieve a regular income.Management report - 3rd Quarter 2020
Eurozone sovereign bond prices rallied in the third quarter. The JPMorgan GBI EMU Bond index posted positive performance of 1.72%. Periphery country bonds rose by 2.66% while the sub-index for the core eurozone countries (excluding periphery debt) gained 1.04% over the quarter. The German 10-year bond yield declined from -0.45% to -0.52% over the period. The context is an increase in Covid-19 infections confirming the advent of a second wave with local lockdowns being tightened (Spain, France, etc.). The mid-year upturn in activity is slowing. The latest inflation figures confirm that the European economy is falling into deflation with the eurozone's harmonised index for consumer prices coming in at -0.4% at 30 September. Unemployment figures continue to rise, at 11.5% for the region as a whole. In the short term, the central banks will continue to support the markets. Nevertheless, we expect a downward revision of fiscal spending unless the pandemic worsens significantly. In the medium term, the European economy should continue to recover.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (13/01/2021) | 1 093,92 EUR |
| NAV class A distribution shares (13/01/2021) | 217,65 EUR |
| Latest dividend | 7,68 EUR |
| Date of last dividend payment | 07/02/2020 |
| CODES | ISIN capitalisation code : LU0093570769 ISIN distribution code : LU0093570686 WKN capitalisation code : 989647 WKN distribution code : 937800 SICOVAM capitalisation code : 959301 SICOVAM distribution code : 959300 |
| Net assets (million) | 36,03 EUR |
| Launch date | 16/09/1988 |
Before making any decision to subscribe, customers must ensure they have understood the product, having measured the risks associated with it and consulted their own advisers on the appropriateness of the product for their particular financial situation, taking into account legal, tax and accounting aspects. This fact sheet has been drawn up for information purposes and shall in no event be considered a solicitation to buy or an offer to sell securities or other financial instruments. Information provided to the interested party does not constitute legal or fiscal advice and the Bank shall not be held liable for such information. The securities referred to in this document may cause the investor to incur significant risk and may not be appropriate for all investors. Such risks include market risks, high volatility, credit risk, liquidity risk and interest-rate risk. There is no guarantee that the securities described in this document will achieve their investment objectives. Past performance is no indication of future returns. The Bank shall not be held liable for the future performance of these securities. Potential investors must ensure that they understand the risks of investing in such products and should only take an investment decision after giving careful consideration, together with their professional advisers, to the appropriateness of this investment to their specific financial situation, particularly with regard to legal, tax and accounting aspects. We have made every effort to verify that the information presented in this document is correct, in particular the estimated values, opinions and other estimates. Nevertheless, no guarantee can be given as to the validity, timeliness, completeness, correctness or accuracy of the information, which is provided for guidance only. Information may be subject to change without prior notice.