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Détail d'un fonds

Funds Detail



BL Global 75

Profile fund

Data as of 10/06/2021

Risk level

LowHigh
Recommended investment horizon : > 6 years

Performance

Average annual performance since launch 5,88 %

Performance as at 10/06/2021

FUNDS
2018-3,11 %
201919,11 %
20202,30 %
Since 01/01/20214,86 %
Over the last 12 months7,65 %
Over 3 years21,19 %
Since launch385,36 %
Asset breakdown
Equities68,21 %
Gold16,61 %
Cash12,35 %
Bonds2,83 %
Breakdown by currency
EUR25,71 %
USD16,89 %
GOLD16,61 %
JPY11,43 %
GBP8,59 %
Others20,77 %
Main positions
WisdomTree Metal Securities - 2007-o.f. Verfall auf Gold5,26 %
Invesco Physical Markets PLC -Secured Gold-Linked Certificates 2009-31.12.2100 on Gold Cmdty Secured5,19 %
Deutsche Boerse Commodities GmbH - 2007-o.f. Verfall auf Gold4,00 %
Unilever PLC2,87 %
Roche Holding AG Genussschein2,87 %

Strategy

Investment objective and policy

BL-Global 75 invests around 25% of its assets in bonds and money market instruments and 75% 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 offer long-term capital gains while keeping below the volatility associated with pure equity investments.

Management report - 1st Quarter 2021

Equity markets continued to forge ahead in the first quarter of 2021, buoyed by the prospect of a strong acceleration in global growth. This was reflected in the MSCI All Country World Index net total return expressed in euros gaining 8.9%. The leading sectors were energy, banks and industrials, profiting from investors' enthusiasm for cyclical and discounted stocks. On the other hand, sectors that were the winners in recent years, such as technology, lagged behind. In the bond portfolio, the J.P. Morgan Government Bond Index EMU Unhedged LOC gave up 2.4% as expectations for an increase in growth and inflation took hold. The price of gold fell by 7.3%, penalised by the rise in long-term interest rates. The portfolio's defensive positioning prevented BL Global 75 from reaping the benefit of the fair winds on the equity markets, and the fund's NAV (retail accumulation share net of fees in euros) grew by 1.0% over the quarter. Within the portfolio, the weighting of defensive stocks, which came under heavy pressure at the end of February/beginning of March, was slightly increased, as was exposure to Asian emerging markets. At the end of March, the fund was 68.6% invested in equities, 3.0% in government bonds, 16.0% in certificates investing in gold, and 11.7% in cash. The portfolio's geographic allocation ended the quarter as follows: Europe 32.1%, US 23.1%, Japan 5.9% and emerging markets 7.5%.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (10/06/2021)3 007,92 EUR
NAV class A distribution shares (20/05/2021)2 969,42 EUR
CODESISIN capitalisation code : LU0048293368
ISIN distribution code : LU0048293285
WKN capitalisation code : 986356
WKN distribution code : 986855
SICOVAM capitalisation code : 944868
SICOVAM distribution code : 989731
Net assets (million)767,25 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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