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Détail d'un fonds
BL Global Equities
Data as of 10/06/2021
Average annual performance since launch 3,65 %
Performance as at 10/06/2021
|Since 01/01/2021||6,96 %|
|Over the last 12 months||12,10 %|
|Over 3 years||22,52 %|
|Since launch||109,50 %|
|Breakdown by currency|
|Unilever PLC||3,16 %|
|Roche Holding AG Genussschein||2,82 %|
|Microsoft Corp||2,75 %|
|Taiwan Semiconductor Manufacturing Co Ltd ADR repr 5 shs||2,63 %|
|Essity AB B||2,60 %|
Investment objective and policyBL-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 - 1st Quarter 2021Equity 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. The portfolio's defensive positioning prevented BL Global Equities from benefiting fully from the fair winds on the equity markets, and the fund's NAV (retail accumulation share net of fees in euros) grew by 3.9% over the quarter. Within the portfolio, the weighting of defensive stocks, which had come under heavy pressure at the end of February/beginning of March, was slightly increased. At the individual stock level, new positions were opened in Nestlé, eBay, Stanley Black & Decker, Calbee, Yakult Honsha, Samsung Electronics and CP All. The positions in Beiersdorf, Henkel, Sage, Coca-Cola, Fanuc, Sysmex, Kose, Tsingtao and Kimberly-Clark de Mexico were sold. At the end of March, the fund was 95.8% invested in equities and 4.2% in cash. The portfolio's geographic allocation ended the quarter as follows: Europe 35.5%, US 37.2%, Japan 10.5% and emerging markets 12.6%.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (10/06/2021)||1 047,48 EUR|
|NAV class A distribution shares (20/05/2021)||1 032,11 EUR|
|CODES||ISIN capitalisation code : LU0117287580 |
ISIN distribution code : LU0439764787
WKN capitalisation code : 577995
WKN distribution code : A0X9BG
SICOVAM capitalisation code : 500426
|Net assets (million)||278,65 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.