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BL Global Flexible EUR
Data as of 21/02/2020
Average annual performance since launch 4,51 %
Performance as at 21/02/2020
|Since 01/01/2020||1,23 %|
|Over the last 12 months||14,10 %|
|Over 3 years||20,89 %|
|Since launch||92,86 %|
|Breakdown by currency|
|Franco Nevada Corp||3,91 %|
|Roche Holding AG Genussschein||3,40 %|
|Norway Treasury Bill 144A 2019 0% 18-03-2020 0,00 18/03/2020||2,76 %|
|Spain Treasury Bill 2019 0% 08-05-2020 0,00 08/05/2020||2,16 %|
|Portugal Treasury Bill 2019 0% 20-03-2020 0,00 20/03/2020||2,16 %|
Investment objective and policyThe fund aims to beat returns offered by money-market products and bonds while avoiding volatility usually associated with the stock markets. This means that the fund offers greater capital protection during bear markets. The weighting of the various asset classes may change significantly depending on how attractive they are in relation to each other (from 0 to 100%).
Management report - 4th Quarter 2019At the end of December 2019, the fund was 63.5% invested in equities. Fixed-income investments accounted for 36.5% of BL Global Flexible EUR (32.5% cash and Treasury bills, 4% bonds). Within the equity portfolio, 12.5% was invested in gold companies (North America). The geographic allocation of the equity portfolio (excluding gold-mining companies) was as follows: eurozone 9%, other European countries 11%, North America 8%, Asia Pacific ex Japan 12.5%, Japan 9.5%, and Latin America 1%. In terms of sectors, the equity portfolio maintained a defensive bias, continuing to focus on companies with a sound financial situation and offering good earnings visibility. After taking foreign exchange futures into account, the currency allocation was as follows: 35% in EUR, 9.5% in USD, 8.5% in CHF, 10.5% in CAD, 13% in JPY and 23.5% in other currencies.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (21/02/2020)||192,86 EUR|
|NAV class A capitalisation shares (21/02/2020)||139,17 EUR|
|Latest dividend||2,04 EUR|
|Date of last dividend payment||07/02/2020|
|CODES||Internal capitalisation code : 1786405000 |
Internal distribution code : 1786393000
ISIN capitalisation code : LU0211340665
ISIN distribution code : LU0211339816
WKN capitalisation code : A0D9HW
WKN distribution code : A0D9HV
|Net assets (million)||1 390,24 EUR|
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.