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Détail d'un fonds
BL Bond Euro
Data as of 10/06/2021
Average annual performance since launch 3,85 %
Performance as at 10/06/2021
|Since 01/01/2021||-1,05 %|
|Over the last 12 months||-0,42 %|
|Over 3 years||-0,77 %|
|Since launch||216,38 %|
|Nordic Investment Bank 2018 .5% 03-11-2025||9,47 %|
|Kreditanstalt fuer Wiederaufbau KFW 2017 .25% 30-06-2025||9,36 %|
|Deutschland Series 181 2020 0% 11-04-2025||7,75 %|
|IDB Trust Services Ltd 2019 .037% 04-12-2024||7,59 %|
|Nederlandse Waterschapsbank NV Series 1414 2015 1% 03-09-2025||6,45 %|
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 - 1st Quarter 2021In the first quarter of 2021, we saw yields rise significantly on all the bond markets. The yield on the Germany 10-year benchmark bond rose from -0.57% on 31 December to -0.29% on 31 March. Euro-denominated corporate debt flatlined as medium and long-term euro sovereign yields rose despite the compression in yield spreads on riskier corporate debt. This rise in yields is the result of a combination of two main factors: the start of the vaccination campaign, which prompted a degree of optimism on the markets, and an improvement in certain economic statistics, including the purchasing managers' index: the Markit Manufacturing PMI climbed from 55.2 to 62.4 over the period. This recovery is also reflected in the rise in inflation figures, with the price index for the eurozone as a whole rising from 0.3% to +1.3% over the period. BL Bond Euro declined by 0.83% over the quarter. The portfolio maintains a defensive position on the rise in sovereign yields thanks to its low duration. There was little change to the portfolio's composition during the quarter with an allocation to green bonds of over 84% and exposure to traditional sovereign issues (excluding green bonds) of 12%. At 31 March 2021, the portfolio's average yield was -0.30% with a modified duration of 4.3.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (10/06/2021)||1 083,11 EUR|
|NAV class A distribution shares (10/06/2021)||215,50 EUR|
|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)||33,00 EUR|
Détail fonds - disclaimer
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.