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BL Bond Euro
Data as of 21/02/2020
Average annual performance since launch 4,12 %
Performance as at 21/02/2020
|Since 01/01/2020||1,46 %|
|Over the last 12 months||1,95 %|
|Over 3 years||-0,03 %|
|Since launch||224,98 %|
|France Fungible Treasury Bond 2017 1.75% 25-06-2039 1,75 25/06/2039||10,27 %|
|Nordic Investment Bank 2018 .5% 03-11-2025 0,50 03/11/2025||8,32 %|
|Kreditanstalt fuer Wiederaufbau KFW 2017 .25% 30-06-2025 0,25 30/06/2025||8,19 %|
|Asian Development Bank 2019 0% 24-10-2029 0,00 24/10/2029||5,36 %|
|IDB Trust Services Ltd 2019 .037% 04-12-2024 0,04 04/12/2024||5,24 %|
Investment objective and policyThe 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 - 4th Quarter 2019Eurozone sovereign bond prices fell in the fourth quarter of 2019. The JPMorgan GBI EMU Bond index posted negative performance of 2.89%. Periphery country bonds fell by 2.58% while the sub-index for the core eurozone countries (excluding periphery debt) lost 3.12% over the quarter. The Germany 10-year bond yield rose from -0.57% to -0.19% over the period. The ECB is keeping its interest rates unchanged. The main refinancing interest rate is unchanged at 0% and the deposit facility will continue at -0.50%. On 1 November, Christine Lagarde began her eight-year term as President of the ECB, taking over from Mario Draghi. Eurozone inflation remains low at 1.3% and the unemployment rate is stable at around 7.5%. Eurozone growth is set to remain weak for the next few quarters and unemployment is likely to stabilise at this level. This context will continue to require an accommodative monetary policy. The bond markets will benefit from these conditions.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (21/02/2020)||1 112,55 EUR|
|NAV class A capitalisation shares (21/02/2020)||221,34 EUR|
|Latest dividend||7,68 EUR|
|Date of last dividend payment||07/02/2020|
|CODES||Internal capitalisation code : 1061282000 |
Internal distribution code : 1061266000
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)||37,99 EUR|
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.