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Détail d'un fonds

Funds Detail



BL Global Equities

Equity fund

Data as of 21/01/2021

Risk level

LowHigh
Recommended investment horizon : > 10 years

Performance

Average annual performance since launch 3,50 %

Performance as at 21/01/2021

FUNDS
2018-4,13 %
201923,20 %
2020-0,32 %
Since 01/01/20212,40 %
Over the last 12 months0,04 %
Over 3 years18,70 %
Since launch100,58 %
Asset breakdown
Equities97,67 %
Cash2,33 %
Breakdown by currency
USD34,46 %
EUR15,65 %
JPY12,50 %
GBP9,45 %
CHF6,25 %
Others21,69 %
Main positions
Taiwan Semiconductor Manufacturing Co Ltd ADR repr 5 shs4,85 %
Unilever PLC3,18 %
Microsoft Corp2,72 %
Roche Holding AG Genussschein2,70 %
Essity AB B2,40 %

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 (21/01/2021)1 002,88 EUR
NAV class A distribution shares (21/01/2021)201,13 EUR
Latest dividend0,26 EUR
Date of last dividend payment  07/02/2020
CODESISIN capitalisation code : LU0117287580
ISIN distribution code : LU0439764787
WKN capitalisation code : 577995
WKN distribution code : A0X9BG
SICOVAM capitalisation code : 500426
Net assets (million)273,47 EUR
Launch date31/10/2000

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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