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Détail d'un fonds

Funds Detail



BL Sustainable Horizon

Theme Fund

Data as of 10/06/2021

Risk level

LowHigh
Recommended investment horizon : > 10 years

Performance

Average annual performance since launch 5,76 %

Performance as at 10/06/2021

FUNDS
20180,90 %
201919,59 %
2020-1,56 %
Since 01/01/20217,42 %
Over the last 12 months8,95 %
Over 3 years26,87 %
Since launch112,50 %
Asset breakdown
Equities92,72 %
Cash7,28 %
Breakdown by currency
EUR27,11 %
USD23,68 %
GBP12,74 %
SEK9,72 %
CHF8,86 %
Others17,88 %
Main positions
Unilever PLC7,58 %
Essity AB B6,65 %
Kimberly Clark Corp6,00 %
Waters Corp5,51 %
Canadian National Railway Co5,10 %

Strategy

Investment objective and policy

The sub-fund invests a minimum of 75% of its net assets in global equities, without any geographical (including emerging countries), sectorial or monetary limitations. The selection process focuses in particular on environmental, social and governance (ESG) factors.

Management report - 1st Quarter 2021

Equity markets continued to forge ahead in the first quarter of 2021, buoyed by the prospect of a strong acceleration in global growth. This was reflected in the MSCI All Country World Index net total return expressed in euros gaining 8.9%. The leading sectors were energy, banks and industrials, profiting from investors' enthusiasm for cyclical and discounted stocks. On the other hand, sectors that were the winners in recent years, such as technology, lagged behind. The portfolio's defensive positioning prevented BL Sustainable Horizon from benefiting fully from the fair winds on the equity markets, and the fund's NAV (retail accumulation share net of fees in euros) grew by 3.6% over the quarter. Within the portfolio, a new position was opened in the Swedish company Sweco. Sweco is an engineering and architectural consultancy active in the planning and design of sustainable cities and communities. The company fits perfectly with the portfolio's sustainability rationale as substantial investments in infrastructure and technology will be needed to meet the challenges posed by climate change and urbanisation. In addition, the company pays careful attention to the footprint of its own operations and to good human resource management, which is of paramount importance for a consulting company. At the end of March, the split between the quantitative segment, which is mainly composed of traditional 'large caps' with favourable ratings from our ESG research provider MSCI, and the themed segment, which is composed of generally smaller companies that contribute directly to one or more of the UN's sustainable development goals, was 75.9% for the quantitative segment and 19.5% for the themed segment. The fund was 95.4% invested in equities and 4.6% in cash at the end of March. The breakdown by currency was as follows: 33.5% in EUR, 24.5% in USD, 9.6% in SEK, 8.3% in CHF, 6.4% in CAD, 5.7% in DKK, 5.6% in JPY, 5.2% in GBP and 1.2% in HKD.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (10/06/2021)1 331,05 EUR
CODESISIN capitalisation code : LU0093570173
WKN capitalisation code : 937804
SICOVAM capitalisation code : 959287
Net assets (million)69,68 EUR
Launch date03/03/1997

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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