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Détail d'un fonds
BL Fund Selection 50-100
Dynamic fund of funds
Data as of 20/01/2021
Average annual performance since launch 4,19 %
Performance as at 20/01/2021
|Since 01/01/2021||2,79 %|
|Over the last 12 months||9,14 %|
|Over 3 years||16,08 %|
|Since launch||120,93 %|
|Absolute Return||9,80 %|
|Breakdown by currency|
|Schroder International Selection Asian Total Return - C CAP||5,74 %|
|Coupland Cardiff CC Japan Alpha - Accum I JPY CAP||5,44 %|
|Schroder GAIA Egerton Equity - C CAP||5,30 %|
|Vontobel US Equity - HI Hedged CAP||5,20 %|
|MainFirst Top European Ideas - R CAP||4,80 %|
Investment objective and policyThis fund invests mainly in UCITS and other UCIs with no geographical, sector or currency restriction. The remaining assets may be invested in cash or any other type of transferable security that is listed or traded on regulated markets. The equity weighting can vary between 50% and 100% of net assets. 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 - 4thd Quarter 2020The health situation was still difficult at the end of the year, forcing many countries to partially shut down their economies again. The announcement of very promising results from Pfizer (followed by Moderna) on a Covid-19 vaccine with efficacy rates of over 90% spurred the markets in the fourth quarter. Although the vaccines will not be available on a large scale before the Spring, they are already allowing the markets to see a clearer way out of the health crisis at last and envisage a gradual return to normal in the second half of 2021. In this context, the equity weighting was increased from 70% to 79%. In the last few months, the markets were also buoyed by the results of the US presidential election. Joe Biden's victory offers the prospect of the trade war easing, with China and with other partners around the world. After months of bitter discussions, an agreement was finally reached between the United Kingdom and the European Union in the closing days of 2020. This tide of optimism led to strong gains on the equity markets. The MSCI World index added 9.4% (in EUR), driven by emerging markets (+14.7% in EUR) and European markets (+10.9%), which have a greater proportion of cyclical stocks, the quarter's main beneficiaries. The US markets gained 7.5% (in EUR). BL Fund Selection 50-100 benefited from this favourable environment for risky assets to grow by 6.73%. It slightly underperformed the average of its peers (+7.38%). The gold-mining funds posted negative performance overall for the quarter as the price of gold consolidated after a good start to the year. As the equity weighting was increased during the quarter, the more cyclical funds were strengthened. At the end of December, the fund’s equity weighting of around 79% (5.1% in gold-mining) was high compared to its historic position.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (20/01/2021)||220,93 EUR|
|CODES||ISIN capitalisation code : LU0135981693 |
WKN capitalisation code : 762211
|Net assets (million)||109,16 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.