Data as of 18/10/2017

Risk level



Recommended investment horizon : > 8 years

average annual performance since launch

4,56 %

Performance as at 18/10/2017

2014 12,16 %
2015 10,55 %
2016 -0,08 %
Since 01/01/2017 10,32 %
Over the last 12 months 15,31 %
Over 3 years 37,37 %
Since launch 104,61 %
Asset breakdown
Equities 95,15 %
Absolute Return 3,48 %
Cash 1,38 %
Breakdown by currency
EUR 62,78 %
USD 32,70 %
JPY 4,52 %
Breakdown by region / by countries
Europe 53,30 %
USA 16,46 %
Asia 10,18 %
Global 5,47 %
Emerging Markets 5,21 %
Others 4,52 %
Main positions
Alken European Opportunities - EU1 CAP 5,49 %
MainFirst Top European Ideas - R CAP 5,29 %
Vontobel US Equity - I CAP 4,87 %
Eleva UCITS European Selection - I EUR CAP 4,73 %
Schroder International Selection Asian Total Return - C CAP 4,55 %

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 - 3rd Quarter 2017

The fund gained 2.34% in the third quarter. Global growth is continuing to pick up: for the first time since 2007, the 45 countries monitored by the OECD have recorded GDP growth this year, and 33 of them are also in an acceleration phase. The central banks continue to issue prudent statements with detailed messages about future monetary tightening, which will be measured and paced over time. Persistently low inflation makes this possible for now. The current context is favourable to equity market investments. This generally accepted view calls for prudence, precisely because the markets have been rising for so long and valuations as a whole are no longer cheap. That said, the markets continued to surge ahead in the third quarter, driven by good economic data in three continents.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (18/10/2017) 204,61 EUR
CODES Internal capitalisation code : 1393353000
ISIN capitalisation code : LU0135980968
WKN capitalisation code : 762210
SICOVAM capitalisation code : 509654
Net assets (million) 92,05 EUR
Launch date 03/10/2001

European tax regime


Belgian tax regime


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.