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Détail d'un fonds

Funds Detail

BL Equities Asia

Equity funds

Data as of 13/01/2021

Risk level

Recommended investment horizon : > 10 years


Average annual performance since launch 6,17 %

Performance as at 13/01/2021

2018-11,45 %
201916,68 %
20204,49 %
Since 01/01/20215,15 %
Over the last 12 months7,41 %
Over 3 years14,10 %
Since launch51,63 %
Asset breakdown
Equities91,36 %
Cash8,64 %
Breakdown by currency
CNY27,63 %
KRW19,42 %
TWD18,09 %
HKD9,99 %
THB8,03 %
Others16,84 %
Main positions
Taiwan Semiconductor Manufacturing Co Ltd8,29 %
Tencent Holdings Ltd6,36 %
Alibaba Group Holding Ltd Sponsored ADS6,23 %
Samsung Electronics Co Ltd5,55 %
Kweichow Moutai Co Ltd A4,97 %


Investment objective and policy

BL-Equities Asia invests in Asian equities (excluding Japan) with no restriction with regard to market capitalisation. The structure of this fund is not linked to a benchmark index, but results from the addition of individual investment opportunities. The fund aims to achieve longterm capital gains.

Management report - 3rd Quarter 2020

The Asian equity index, the MSCI AC Asia ex Japan Net Total Return, was up by 10.7% (in USD) during the third quarter of 2020. The fund (retail class B) was up by 7.3% (in USD) over the same period. The Asian stock markets continued their recovery from the lows seen in March this year and are back in positive territory for the year. On a sector level, the consumer discretionary sector was by far the best performing sector with a return of almost 30% (in USD) during the quarter. The sector was led by Chinese heavyweights in online shopping like Alibaba, Meituan Dianping or The second best sector with a 20% return (in USD) was information technology. TSMC (Taiwan Semiconductor Manufacturing Company) released stellar second quarter results and gave a rather positive outlook for the year. The company is the largest independent chip manufacturer in the world and might be the biggest beneficiary of Intel's recent announcement of outsourcing its high-end production. The worst performing sectors during the quarter were utilities, real estate and financials. During the quarter, the fund manager did not add or remove a company in the portfolio.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (13/01/2021)151,95 EUR
CODESISIN capitalisation code : LU1008594084
WKN capitalisation code : A1XBEY
Net assets (million)545,79 EUR
Launch date03/02/2014

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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