14 Boulevard Royal L-2449 Luxembourg
Monday to Friday
8.30 am to 5 pm
Chaussée de La Hulpe, 120 – 1000 Brussels
Kortrijksesteenweg 218 – 9830 Sint-Martens-Latem
Monday to Friday
8.30 am to 4.30 pm

BL European Small + Mid Caps

Equity funds

Data as of 28/03/2023

Risk level

Recommended investment horizon : > 10 years


Average annual performance since launch 7,54 %

Performance as at 28/03/2023

202012,54 %
202128,44 %
2022-29,26 %
Since 01/01/202313,06 %
Over the last 12 months-1,91 %
Over 3 years51,89 %
Since launch111,44 %
Asset breakdown
Equities97,75 %
Cash2,25 %
Breakdown by currency
EUR62,28 %
SEK15,35 %
CHF8,66 %
GBP8,61 %
DKK2,91 %
Others2,19 %
Main positions
NIBE Industrier AB B4,98 %
Amplifon SPA After Split Post Frazionamento4,86 %
Viscofan SA4,83 %
Brunello Cucinelli SPA4,79 %
Carl Zeiss Meditec AG4,34 %


Investment objective and policy

The fund’s objective is to generate long-term capital gains by investing primarily in quality European small and mid-cap companies that have a sustainable competitive advantage. Companies considered for investment have a stock market capitalisation of between 300 million and 7.5 billion euros. The fund aims to generate higher risk-adjusted returns than its benchmark universe over a full market cycle. A minimum of 30% of the fund’s assets will be invested in sustainable assets. The fund manager implements an active strategy based on solid convictions.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (28/03/2023)211,02 EUR
NAV class A distribution shares (28/03/2023)203,81 EUR
CODESISIN capitalisation code : LU0832875438
ISIN distribution code : LU0832875354
WKN capitalisation code : A1J4V0
WKN distribution code : A1J4VZ
Net assets (million)246,75 EUR
Launch date20/11/2012

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.