Data as of 19/10/2017

Risk level



Recommended investment horizon : > 3 years

average annual performance since launch

3,42 %

Performance as at 19/10/2017

2014 5,81 %
2015 4,74 %
2016 0,05 %
Since 01/01/2017 -1,10 %
Over the last 12 months -2,74 %
Over 3 years 6,13 %
Since launch 124,00 %
Asset breakdown
Bonds 54,10 %
Equities 15,22 %
Gold 13,33 %
Hedged Equities 11,41 %
Cash 5,95 %
Breakdown by currency
EUR 59,48 %
USD 15,63 %
GOLD 13,32 %
JPY 4,84 %
CHF 2,25 %
Others 4,48 %
Breakdown by region / by countries
USA 3,93 %
Japan 3,46 %
France 3,04 %
United Kingdom 0,90 %
Switzerland 0,82 %
Others 3,09 %
Main positions
Deutschland 2016 0% 08-10-2021 0,00 08/10/2021 7,52 %
Deutschland Series 175 2017 0% 08-04-2022 0,00 08/04/2022 7,00 %
Deutschland Series 176 2017 0% 07-10-2022 0,00 07/10/2022 6,98 %
Deutschland Serie 173 2016 0% 09-04-2021 0,00 09/04/2021 6,52 %
ETFS Metal Securities - 2007 auf Gold 6,16 %

Investment objective and policy

BL-Global 30 invests around 70% of its assets in bonds and money market instruments and 30% in equities. Geographically, the fund invests in Europe and the United States, and from time to time in Japan and the emerging markets. The fund's aim is to achieve slightly better returns than the bond markets for a similar level of volatility.

Management report - 2nd Quarter 2017

During the second quarter of 2017, the fund's net equity exposure remained low. At the end of June, 23.5% of the fund was invested in equities, with 9% of this allocation hedged through the sale of futures. The bond weighting came to 59.5%, of which 21% was in US Treasuries. Certificates investing in precious metals accounted for 11% of the portfolio. The portfolio's geographic allocation was as follows: Europe 11.5% (4.5% hedged), United States 8% (4.5% hedged), Japan 3% and emerging markets 1%. At the end of June, the duration of the bond portfolio was 4.1. The portfolio's credit risk is limited to Germany and United States sovereign risk. The portfolio continues to be positioned defensively. The optimism expressed by the political and monetary authorities about the strength of global economic growth is not reflected in real economic statistics. On the other hand, we are expecting a slowdown in the global economic situation in the coming months which could impede corporate earnings growth. The profusion of political risks is a further reason to adopt a defensive positioning.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (19/10/2017) 1 388,20 EUR
NAV class A capitalisation shares (19/10/2017) 658,99 EUR
Latest dividend 2,44 EUR
Date of last dividend payment  01/02/2017
CODES Internal capitalisation code : 1061339000
Internal distribution code : 1136312000
ISIN capitalisation code : LU0048292394
ISIN distribution code : LU0048291826
WKN capitalisation code : 986853
WKN distribution code : 986852
SICOVAM capitalisation code : 951710
SICOVAM distribution code : 989728
Net assets (million) 203,08 EUR
Launch date 25/10/1993

European tax regime

35% on redemptions
35% on dividends (distribution shares)

Belgian tax regime

27% on redemptions
27% on dividends (distribution shares)

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.