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 Emerging Markets

Theme fund

Data as of 27/01/2023

Risk level

Recommended investment horizon : > 10 years


Average annual performance since launch 3,65 %

Performance as at 27/01/2023

2020-5,27 %
20212,84 %
2022-4,79 %
Since 01/01/20234,72 %
Over the last 12 months0,17 %
Over 3 years-3,31 %
Since launch72,84 %
Asset breakdown
Equities86,60 %
Cash8,91 %
Bonds4,49 %
Breakdown by currency
HKD16,75 %
TWD12,87 %
KRW9,69 %
CNY7,77 %
THB7,56 %
Others45,38 %
Main positions
Taiwan Semiconductor Manufacturing Co Ltd3,60 %
Samsung Electronics Co Ltd2,85 %
Thai Beverage PCL2,64 %
Vietnam Dairy Product Corp2,63 %
Alibaba Group Holding Ltd Reg S2,62 %


Investment objective and policy

The fund's objective is to generate long-term capital gains by investing flexibly (between 60% and 100% of net assets) in quality companies listed on global emerging markets (Asia ex-Japan, Latin America, Eastern Europe, Africa and the Middle East) with a strong and sustainable competitive advantage. The equity allocation varies according to the number of companies available that meet the investment criteria (quality fundamentals and valuation). The balance is held in cash and emerging market government bonds. A minimum of 5% of the fund’s assets will be invested in sustainable assets. The fund manager implements an active, long-term strategy based on solid convictions and aims to outperform the return on emerging market equities with lower volatility.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (27/01/2023)172,84 EUR
NAV class A distribution shares (27/01/2023)133,42 EUR
CODESISIN capitalisation code : LU0309192036
ISIN distribution code : LU0309191905
WKN capitalisation code : A0MWCY
WKN distribution code : A0MWCX
Net assets (million)414,72 EUR
Launch date30/10/2007

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.