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Détail d'un fonds
BL Fund Selection Equities
Equity fund of funds
Data as of 09/06/2021
Average annual performance since launch 5,36 %
Performance as at 09/06/2021
|Since 01/01/2021||6,99 %|
|Over the last 12 months||23,80 %|
|Over 3 years||33,24 %|
|Since launch||179,53 %|
|Hedged Equities||3,53 %|
|Absolute Return||2,17 %|
|Breakdown by currency|
|Lindsell Train Global Equity - Accum Ptg C USD CAP||8,16 %|
|GuardCap UCITS Global Equity - I USD CAP||7,17 %|
|Memnon European - I2 Euro CAP||6,73 %|
|Threadneedle (Lux) Global Focus - IU CAP||6,56 %|
|Schroder International Selection Asian Total Return - C CAP||6,02 %|
Investment objective and policyThis fund has a minimum net equity exposure of 75% and invests in UCITS and other UCIs with no geographical, sector or currency restriction. The remaining assets may be invested in bond funds, cash or any other type of transferable security that is listed or traded on regulated markets. The emphasis is on international diversification of investments and flexibility in terms of themes and sectors that may potentially be present within the fund.
Management report - 1st Quarter 2021Hopes of a gradual opening of economies, government support programmes and the central banks' commitment to avoid premature tightening are driving stock markets to record highs. In an environment of rising interest rates and a steepening yield curve, the stocks that outperformed significantly were financials and cyclicals, as well as value stocks in general. The leader board was dominated by energy, financials and industrials, while healthcare, utilities and consumer staples continue to lag. In this environment of strong gains for the equity market indices, BL Fund Selection Equities gained 3.8%, underperforming both the average of competing funds and a broad index of global stocks. The main reasons for this are the relative poor performance of the underlying funds and the decline in gold-mining funds. In an environment in which cyclical stocks outperformed, the fund was penalised by its bias towards the quality growth style. The majority of equity funds underperformed the market indices, with the exception of the few value-biased funds that demonstrated their usefulness in terms of diversification. Kempen Global Small Cap was the strongest performer over the quarter with a gain of 23.3%, followed by Janus Henderson Japanese Smaller Companies (+11%). Against a backdrop of rising interest rates, gold-mining funds suffered from gold's relative loss of appeal. Bakersteel Global Precious Metals and Jupiter Gold & Silver gave up 11.3% and 10.6% respectively.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (09/06/2021)||279,53 EUR|
|CODES||ISIN capitalisation code : LU0135980968 |
WKN capitalisation code : 762210
SICOVAM capitalisation code : 509654
|Net assets (million)||99,37 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.