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BL Global Equities
Equity fund
Data as of 13/01/2021
Risk level
| Low |  | High |
Performance
Average annual performance since launch 3,45 %
Performance as at 13/01/2021
| FUNDS | |
|---|---|
| 2018 | -4,13 % |
| 2019 | 23,20 % |
| 2020 | -0,32 % |
| Since 01/01/2021 | 1,36 % |
| Over the last 12 months | -0,21 % |
| Over 3 years | 18,55 % |
| Since launch | 98,53 % |
Composition
| Asset breakdown | |
|---|---|
| Equities | 98,76 % |
| Cash | 1,24 % |
| Breakdown by currency | |
|---|---|
| USD | 33,32 % |
| EUR | 14,95 % |
| JPY | 14,03 % |
| GBP | 9,28 % |
| CHF | 6,18 % |
| Others | 22,23 % |
| Main positions | |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd ADR repr 5 shs | 5,66 % |
| Unilever PLC | 3,14 % |
| Roche Holding AG Genussschein | 2,62 % |
| Microsoft Corp | 2,54 % |
| Essity AB B | 2,45 % |
Strategy
Investment objective and policy
BL-Global Equities invests in international equities with no restriction with regard to market capitalisation. Geographically, the fund invests in Europe and the United States, and from time to time in Japan and the emerging markets. The fund aims to achieve long-term capital gains.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. The NAV of BL Global Equities (retail accumulation share net of fees in euros) grew by 3.2% during the third quarter. With equity markets becoming increasingly expensive, the fund continues to apply a defensive management strategy. In terms of individual stocks, the French-Italian group EssilorLuxottica was sold. At the end of September, the fund was 93.5% invested in equities, with 14% of this allocation hedged through the sale of futures. The equity portfolio's geographic allocation was as follows: Europe 37.5% (6% hedged), United States 33% (8% hedged), Japan 11% and emerging markets 12%.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (13/01/2021) | 992,64 EUR |
| NAV class A distribution shares (13/01/2021) | 199,07 EUR |
| Latest dividend | 0,26 EUR |
| Date of last dividend payment | 07/02/2020 |
| CODES | ISIN capitalisation code : LU0117287580 ISIN distribution code : LU0439764787 WKN capitalisation code : 577995 WKN distribution code : A0X9BG SICOVAM capitalisation code : 500426 |
| Net assets (million) | 275,85 EUR |
| Launch date | 31/10/2000 |
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.