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Funds Detail

BL Global 30

Profile fund

Data as of 21/01/2021

Risk level

Recommended investment horizon : > 3 years


Average annual performance since launch 3,31 %

Performance as at 21/01/2021

2018-1,31 %
20198,01 %
20201,49 %
Since 01/01/20210,28 %
Over the last 12 months0,46 %
Over 3 years8,34 %
Since launch143,10 %
Asset breakdown
Bonds48,83 %
Equities25,62 %
Gold17,04 %
Cash8,51 %
Breakdown by currency
EUR58,03 %
GOLD17,04 %
JPY7,18 %
USD5,20 %
CHF4,07 %
Others8,49 %
Main positions
Deutschland 2017 .25% 15-02-20277,74 %
Deutschland 2015 .5% 15-02-20257,06 %
Deutschland 2016 .5% 15-02-20266,49 %
Deutschland 2016 0% 15-08-20266,33 %
Deutschland Series 181 2020 0% 11-04-20256,27 %


Investment objective and policy

BL-Global 30 invests around 70% of its assets in bonds and money market instruments and 30% in equities. Geographically, the fund invests in Europe and the United States, and from time to time in Japan and the emerging markets. The fund's aim is to achieve slightly better returns than the bond markets for a similar level of volatility.

Management report - 3rd Quarter 2020

Equity markets continued to bounce back in the third quarter, extending their rally since the historic slump in March. From July to September, the MSCI All Country World Index net total return expressed in euros gained 3.6%. The political and monetary authorities' massive support programmes were the main factor driving the share-price rebound despite the economic damage caused by the COVID-19 pandemic. In the bond portfolio, the J.P. Morgan Government Bond Index EMU Unhedged LOC was up 1.7%, benefiting from the expansion of the central banks' asset purchase programmes. The price of gold (expressed in euros) appreciated by 2.0%. The NAV of BL Global 30 (retail accumulation share net of fees in euros) grew by 1.1% during the third quarter. With equity markets becoming increasingly expensive, the fund continues to apply a defensive management strategy. At the end of September, the fund was 22.5% invested in equities, with 8.5% of this allocation hedged through the sale of futures. The bond segment, amounting to 47.5% of the portfolio, was composed entirely of German government bonds, with an average duration of 4.8. Certificates investing in precious metals accounted for 17% of the portfolio. The equity portfolio's geographic allocation was as follows: Europe 13% (7.5% hedged), United States 5% (1% hedged), Japan 3.5% and emerging markets 1%.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (21/01/2021)1 506,54 EUR
NAV class A distribution shares (21/01/2021)709,99 EUR
Latest dividend3,84 EUR
Date of last dividend payment  07/02/2020
CODESISIN capitalisation code : LU0048292394
ISIN distribution code : LU0048291826
WKN capitalisation code : 986853
WKN distribution code : 986852
SICOVAM capitalisation code : 951710
SICOVAM distribution code : 989728
Net assets (million)164,47 EUR
Launch date25/10/1993

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.

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