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Funds Detail

BL Fund Selection Smart Evolution

Mixed funds

Data as of 09/06/2021

Risk level

Recommended investment horizon : > 4 years


Performance as at 09/06/2021

Asset breakdown
Equity funds53,94 %
Mixed funds27,07 %
Cash12,15 %
Bond funds4,29 %
Index funds2,56 %
Breakdown by currency
EUR72,83 %
USD27,17 %
Breakdown by region / by countries
61,17 %
23,66 %
12,15 %
3,02 %
Main positions
Schroder International Selection Global Sustainable Growth10,85 %
Nordea 1 Global Climate and Environment9,68 %
JP Morgan Investment Global Macro Sustainable9,48 %
Robeco Capital Growth SAM Circular Economy Equities7,95 %
BL Sustainable Horizon7,80 %


Management report - 1st quarter 2021

BL Fund Selection Smart Evolution gained 2.0% in March, slightly underperforming the Lipper average for Mixed Asset Balanced – Global funds (2.9%). The overall positioning reflected in the overweighting of equities (around 58%) significantly boosted the fund. However the selection of funds was more problematic. The funds with the strongest value bias managed to outperform their benchmark. These include funds such as Nordea Global Climate and Environment (+10.6%) and RobecoSAM Circular Economy (+11.1%). Among the funds that had a more difficult time was the long/short neutral fund Trium ESG Emissions Impact (-5.7%). The energy sector rebounded without discriminating between companies that are improving in terms of carbon emissions (the long side of the fund) and those that have not taken on board the ongoing changes (the short side). Anti-fragile assets (gold ETFs and volatility funds) were also in negative territory. We are in a phase where the whole market is being swept along by confidence in a clear improvement in economic growth, especially those stocks that have suffered heavily from the lockdown measures. This value part has been increased in the portfolio. Equity exposure is likely to be maintained at this level in the short term. The prevailing optimism about the economic recovery is spreading: first China, now the US, Europe next. That said, the markets have already risen significantly, and a lot of catching up has already taken place. It will be important to remain attentive to signals suggesting any return to volatility.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (09/06/2021)104,76 EUR
NAV class A distribution shares (01/09/2020)100,00 EUR
CODESISIN capitalisation code : LU2227826869
ISIN distribution code : LU2227826786
WKN capitalisation code : A2QD12
WKN distribution code : A2QD11
Net assets (million)34,31 EUR
Launch date19/10/2020

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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