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Détail d'un fonds
BL Equities America
Data as of 10/06/2021
Average annual performance since launch 8,76 %
Performance as at 10/06/2021
|Since 01/01/2021||6,79 %|
|Over the last 12 months||28,29 %|
|Over 3 years||57,80 %|
|Since launch||1 085,59 %|
|Breakdown by currency|
|Microsoft Corp||7,18 %|
|Amazon.com Inc||5,37 %|
|Alphabet Inc A||4,94 %|
|Lowes Co Inc||4,80 %|
|Nike Inc B||4,24 %|
Investment objective and policyBL Equities America invests in US equities with no restriction with regard to market capitalisation. The structure of this fund is not linked to a benchmark index, but results from the addition of individual investment opportunities. The fund aims to achieve long-term capital gains.
Management report - 1st Quarter 2021During the first quarter of 2021, bond yields rose across the board and the equity market rally was driven by the strong performance of value companies. The two main drivers of this performance were the Democrats' victory in Georgia at the start of the year, paving the way for massive new fiscal stimulus measures in the US, and the successful roll-out of vaccines in the US and the UK. One year since the equity markets bottomed out, the S&P 500 has risen 78%, surpassing its pre-crisis highs by 17%, and is up 5.7% year-to-date. The 10-year US Treasury yield is now 1.75%, up from a low of 0.5% in August 2020 and 0.9% at the start of the year. The net asset value of BL Equities America (retail accumulation share net of fees in USD) gained 1.54% in USD in the first quarter. The main contributors to performance over the period were home improvement company Lowe's, technology companies Alphabet and Microsoft, pharmaceutical group Abbott Laboratories, logistics company Fedex and financial technology company Fiserv. Among the main detractors from performance were data analysis and risk assessment company Verisk Analytics, tech giant Apple, sports equipment manufacturer Nike, leading online retailer Amazon.com and payment company Visa. New additions to the portfolio during the quarter were hand and power tool and electronic security solution producer Stanley Black&Decker, online retailer eBay, and China's largest restaurant chain Yum China. The entire position in Coca-Cola was sold.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (10/06/2021)||11 855,86 USD|
|NAV class A distribution shares (20/05/2021)||11 771,92 USD|
|CODES||ISIN capitalisation code : LU0093570256 |
ISIN distribution code : LU0439764944
WKN capitalisation code : 937806
WKN distribution code : A0X9BJ
SICOVAM capitalisation code : 959283
|Net assets (million)||1 868,85 USD|
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.