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Détail d'un fonds

Funds Detail



BL Fund Selection Alternative Strategies

Mixed funds

Data as of 09/06/2021

Risk level

LowHigh
Recommended investment horizon : > 6 years

Performance

Performance as at 09/06/2021

FUNDS
2018-3,59 %
20193,85 %
2020-3,14 %
Asset breakdown
Absolute Return81,50 %
Cash9,27 %
Equities9,22 %
Breakdown by currency
EUR96,97 %
USD3,03 %
Main positions
Cigogne UCITS M+A Arbitrage - C2 CAP4,97 %
Fort Global UCITS Contrarian - Accum Ptg B EUR CAP4,57 %
Lumyna Bofa MLCX Commodity Alpha UCITS - EUR B 5 Acc CAP4,19 %
BG UCITS Boussard + Gavaudan Absolute Return - Z EUR CAP4,00 %
Franklin Templeton Alternative K2 Electron Global -EB PF Acc EUR H2 CAP3,81 %

Strategy

Investment objective and policy

The objective of this fund is long-term capital appreciation through a diversified portfolio, while maintaining lower volatility than the equity markets. Over the medium term, it also aims to offer decorrelation from mainstream financial assets. This flexible subfund is chiefly invested in regulated UCITS deploying alternative strategies. These UCITS may be invested in any asset class in any geographic region. The proportion invested in the different strategies and asset classes will vary according to market circumstances.

Management report - 1st Quarter 2021

The fund was broadly stable in the first quarter with performance of +0.1%. The portfolio's performance was unfortunately impacted by problems in its main position, the IPM Systematic Macro fund. With a loss of 13% over the quarter, this fund has significantly dented the portfolio's performance. The IPM fund is generally well positioned in its directional models but is suffering hugely from its relative value positions on interest rates and currencies. However, the rest of the portfolio is performing well and is well balanced with a majority of funds in positive territory. Overall, the best performing strategies since the start of the year were, for the second consecutive quarter, those positioned for scenarios of mean reversion or outperformance of cyclical sectors. At the head of the leader board for the quarter are Liontrust European Strategic Equity (+11.8%) and DNB TMT Absolute Return (+9.4%). Apart from IPM Systematic Macro, the funds most impacted during the quarter were those with a strong growth/momentum component. This was notably the case for Lumyna Sandbar Global Equity Market Neutral (-4.3%), Cyril Systematic (-3.8%) and ECO Advisors ESG Absolute Return (-1.8%). Overall, the portfolio continues to focus on strategy and style diversification in an environment favourable to risky assets but subject to numerous volatility shocks.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (09/06/2021)99,96 EUR
CODESISIN capitalisation code : LU1526088379
WKN capitalisation code : A2AN1P
Net assets (million)309,83 EUR
Launch date12/12/2016

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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