14 Boulevard Royal L-2449 Luxembourg
Monday to Friday
8.30 am to 5 pm
Chaussée de La Hulpe, 120 – 1000 Brussels
Kortrijksesteenweg 218 – 9830 Sint-Martens-Latem
Monday to Friday
8.30 am to 4.30 pm

BL Global Flexible EUR

Flexible fund

Data as of 27/01/2023

Risk level

Recommended investment horizon : > 4 years


Average annual performance since launch 4,02 %

Performance as at 27/01/2023

20201,85 %
202110,82 %
2022-9,99 %
Since 01/01/20233,99 %
Over the last 12 months-2,90 %
Over 3 years4,85 %
Since launch101,76 %
Asset breakdown
Equities58,55 %
Hedged Equities26,03 %
Bonds9,88 %
Cash5,54 %
Breakdown by currency
EUR28,76 %
JPY16,35 %
CAD14,28 %
CHF13,24 %
USD7,38 %
Others20,00 %
Main positions
Roche Holding AG Genussschein5,27 %
Franco Nevada Corp3,99 %
Wheaton Precious Metals Corp3,70 %
US Treasury Bonds 2021 2% 15-08-20513,65 %
Royal Gold Inc3,17 %


Investment objective and policy

The fund's objective is to generate a positive real (inflation-adjusted) return in euros over the medium term through a flexible, global asset allocation strategy. The strategy combines different asset classes that are traditionally negatively correlated: primarily equities, bonds and money market instruments, precious metals and cash. Investments in equities may vary between 25% and 100% of the net assets. A minimum of 20% of the fund’s assets will be invested in sustainable assets. Alongside these financial goals, targets have been set in terms of the portfolio’s ESG performance and these are regularly monitored. The fund also aims to limit the decline during periods of stock market correction.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (27/01/2023)201,76 EUR
NAV class A distribution shares (27/01/2023)145,57 EUR
CODESISIN capitalisation code : LU0211340665
ISIN distribution code : LU0211339816
WKN capitalisation code : A0D9HW
WKN distribution code : A0D9HV
Net assets (million)1 799,67 EUR
Launch date01/04/2005

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.