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BL Global 75
Profile fund
Data as of 19/08/2019
Risk level
| Low |  | High |
Performance
Average annual performance since launch 5,81 %
Performance as at 19/08/2019
| FUNDS | |
|---|---|
| 2016 | 0,95 % |
| 2017 | 5,06 % |
| 2018 | -3,11 % |
| Since 01/01/2019 | 13,35 % |
| Over the last 12 months | 7,12 % |
| Over 3 years | 13,08 % |
| Since launch | 329,44 % |
Composition
| Asset breakdown | |
|---|---|
| Equities | 57,40 % |
| Gold | 16,81 % |
| Cash | 13,70 % |
| Hedged Equities | 8,21 % |
| Bonds | 3,88 % |
| Breakdown by currency | |
|---|---|
| EUR | 32,71 % |
| GOLD | 16,82 % |
| JPY | 15,54 % |
| USD | 15,06 % |
| CHF | 6,13 % |
| Others | 13,76 % |
| Breakdown by region / by countries | |
|---|---|
| Finland | -0,10 % |
| United Kingdom | -0,21 % |
| Belgium | -0,29 % |
| Netherlands | -0,41 % |
| Italy | -0,63 % |
| Others | -6,57 % |
| Main positions | |
|---|---|
| ETFS Metal Securities - 2007-o.f. Verfall auf Gold | 7,14 % |
| Source Physical Markets PLC -Secured Gold-Linked Certificates 2009-31.12.2100 on Gold Cmdty Secured 31/12/2100 | 6,80 % |
| Unilever NV | 3,06 % |
| Deutschland Series 179 2019 0% 05-04-2024 0,00 05/04/2024 | 2,93 % |
| Deutsche Boerse Commodities GmbH - 2007-o.f. Verfall auf Gold 31/12/2049 | 2,87 % |
Strategy
Investment objective and policy
BL-Global 75 invests around 25% of its assets in bonds and money market instruments and 75% 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 offer long-term capital gains while keeping below the volatility associated with pure equity investments.Management report - 2d Quarter 2018
All the main asset classes were boosted by the highly accommodative statements from the Chairman of the Federal Reserve and the President of the ECB, suggesting quantitative easing measures on both sides of the Atlantic during the second half of the year. In the second quarter, the MSCI All Country World Index net total return expressed in euros gained 2.2%, the J.P. Morgan Government Bond Index EMU Unhedged LOC added 3.4%, and the price of gold (expressed in euros) was up 8.1%. The NAV of BL Global 75 (retail accumulation share net of fees in euros) increased by 3.7%. No changes were made to the portfolio's structure during the quarter. At the end of June, the fund was 67.5% invested in equities, with 7.5% of this allocation hedged through the sale of futures. The bond segment, amounting to 7.5% of the portfolio, was composed entirely of German government bonds, with an average duration of 4.3. Certificates investing in precious metals accounted for 15.5% of the portfolio. The portfolio's geographic allocation was as follows: Europe 35% (7.5% hedged), United States 21%, Japan 7.5% and emerging markets 4%. In terms of cash, 6.5% of the portfolio's assets have been placed in Swiss francs and Japanese yen, which should act as safe-haven currencies if the equity markets are hit by a return to volatility in the second half.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (19/08/2019) | 2 691,21 EUR |
| NAV class A capitalisation shares (19/08/2019) | 1 665,09 EUR |
| Latest dividend | 5,77 EUR |
| Date of last dividend payment | 01/02/2018 |
| CODES | Internal capitalisation code : 1061436000 Internal distribution code : 1136349000 ISIN capitalisation code : LU0048293368 ISIN distribution code : LU0048293285 WKN capitalisation code : 986356 WKN distribution code : 986855 SICOVAM capitalisation code : 944868 SICOVAM distribution code : 989731 |
| Net assets (million) | 570,25 EUR |
| Launch date | 25/10/1993 |
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.