Schroder International Selection Asian Total Return - C CAP
Vontobel US Equity - I CAP
Robeco Capital Growth QI European Conservative Equities - I EUR CAP
Lindsell Train Global Equity - Accum Ptg C USD CAP
Bakersteel Global Precious Metals - I EUR CAP
Investment objective and policy
This fund has a minimum net equity exposure of 75% and invests in UCITS and other UCIs with no geographical, sector or currency restriction. The remaining assets may be invested in bond funds, cash or any other type of transferable security that is listed or traded on regulated markets. The emphasis is on international diversification of investments and flexibility in terms of themes and sectors that may potentially be present within the fund.
Management report - 4th Quarter 2018
The fund gained 0.3% in the third quarter of 2018. Equity risk accounted for about 88% at the end of the quarter, slightly lower than in the second quarter. The portfolio's positioning is defensive given the increase in risk factors facing the equity markets: monetary tightening, inflationary pressures, oil price hikes, geopolitical uncertainties and threats of trade wars to mention just a few. The fund's performance could not entirely match that of the global equity index, mainly due to a negative stock-selection impact. On the one hand, the fund was damaged by underweighting in US stocks, which produced the best regional performance over the quarter, and on the other hand by a relatively high weighting in emerging markets, which underperformed. The performance gap between these two regions widened significantly in the past quarter and impacted the fund's performance. Although growth funds continued to outperform over the quarter, there was a marked style rotation at the end of the third quarter towards value, triggered by an increase in interest rates globally.
The information provided on this website is solely intended for the presentation of BLI - Banque de Luxembourg Investments S.A. (hereinafter “BLI”) and its business.
Type of information available on this website:
The information published on this website does not constitute an offer of products or services analogous to a public offering or any other sales or marketing activity or solicitation to buy or sell securities or encouragement or advice to make a particular investment or to arbitrage securities by any person in any jurisdiction in which such an offer or invitation would be considered illegal or in which the person proposing this offer or invitation is not qualified to do so or to any person to whom it is illegal to propose such an offer or invitation.
The information presented on this site has been obtained or drawn, in whole or in part, from sources considered to be reliable. BLI declines all liability regarding its accuracy or completeness. The information may be removed or amended at any time without prior notice. Past performance is not an indication or guarantee of future performance. BLI does not assume any liability or give any guarantee as to future performance with regard to the products and mandates under its management.
Any person who is not permitted to invest in Luxembourg investment funds, for any reason but related, for example, to his nationality or place of residence, agrees only to consult the documents intended for persons resident in or of the nationality of the specified country, if available. Persons concerned must refrain from consulting documents not intended for their country of residence. Any person who is not qualified as a qualified investor within the meaning of the Luxembourg Law as amended of 10 July 2005 on prospectuses for securities or as an informed investor within the meaning of the Luxembourg Law as amended of 13 February 2007 on specialised investment funds, agrees only to consult the documents intended for non-qualified or non-informed investors. BLI declines all liability in relation to any person and invites users to check, prior to using the website, that there is no legal restriction to prevent or restrict the provision of the information on the website.
Access to the website:
Any person coming under a jurisdiction who, for any reason linked for example to his nationality or country of residence or any other reason, is not permitted to consult websites of foreign management companies must refrain from consulting this website. BLI declines all responsibility with regard to such persons and invites users to check prior to visiting the website that no regulations prevent or restrict them from using the site provided by BLI.
This website is an information website addressed exclusively to qualified investors within the meaning of Luxembourg law (see above) and informed investors within the meaning of Luxembourg law (see above), who may or may not be clients of BLI. However, the services presented on the website are strictly reserved for clients of BLI.
BLI does not provide any guarantee with regard to the operation of the website or absence of errors in its functions and expressly declines any specific, legal or implicit guarantee with regard to the contents of this website. Under no circumstances can BLI be held liable for any damage whatsoever resulting from access to the website.