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BL Global Flexible EUR
Flexible fund
Data as of 21/01/2021
Risk level
| Low |  | High |
Performance
Average annual performance since launch 4,42 %
Performance as at 21/01/2021
| FUNDS | |
|---|---|
| 2018 | -4,94 % |
| 2019 | 22,54 % |
| 2020 | 1,85 % |
| Since 01/01/2021 | 1,99 % |
| Over the last 12 months | 2,58 % |
| Over 3 years | 20,27 % |
| Since launch | 98,01 % |
Composition
| Asset breakdown | |
|---|---|
| Equities | 83,14 % |
| Cash | 13,13 % |
| Bonds | 3,73 % |
| Breakdown by currency | |
|---|---|
| EUR | 27,85 % |
| JPY | 14,23 % |
| CHF | 9,44 % |
| CAD | 9,40 % |
| GBP | 8,54 % |
| Others | 30,53 % |
| Main positions | |
|---|---|
| Roche Holding AG Genussschein | 3,71 % |
| Franco Nevada Corp | 2,79 % |
| Newmont Corp | 2,58 % |
| Agnico Eagle Mines Ltd | 2,19 % |
| Nestle SA nom | 2,02 % |
Strategy
Investment objective and policy
The 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 - 3rd Quarter 2020
At the end of September 2020, the fund was 87% invested in equities. Fixed-income investments accounted for 13% of BL Global Flexible EUR (11.5% cash and Treasury bills, 1.5% bonds). Within the equity portfolio, 15% was invested in gold companies (North America). The geographic allocation of the equity portfolio (excluding gold-mining companies) was as follows: eurozone 11%, other European countries 19.5%, North America 11.5%, Asia Pacific ex Japan 14.5%, Japan 13%, and Latin America 2.5%. 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: 30% in EUR, 9.5% in USD, 9.5% in CHF, 9.5% in CAD, 13% in JPY and 28.5% in other currencies.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (21/01/2021) | 198,01 EUR |
| NAV class A distribution shares (21/01/2021) | 142,89 EUR |
| Latest dividend | 2,04 EUR |
| Date of last dividend payment | 07/02/2020 |
| CODES | ISIN capitalisation code : LU0211340665 ISIN distribution code : LU0211339816 WKN capitalisation code : A0D9HW WKN distribution code : A0D9HV |
| Net assets (million) | 1 673,52 EUR |
| Launch date | 01/04/2005 |
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.