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UBAM Convertibles Europe SRI AC EUR

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Drawing on the asymmetric nature of European convertible bonds within a socially responsible asset management framework
UBP, a leader in European convertible bonds, has joined forces with La Banque Postale Asset Management, an expert in socially responsible investing (SRI), to manage a socially responsible portfolio of European convertible bonds. This unique partnership offers a real alternative to European SRI equities.


Key Points

  • Two asset management firms have teamed up to put together their respective areas of expertise (convertible bonds and social responsibility screening)
  • A best-in-class, socially responsible approach
  • A cautious approach to credit risk – our investment process begins and ends with credit analysis
  • A strong alternative to European SRI equities

Investment case

Convertible bonds have a record of delivering equity-like returns over the long term with much lower volatility, improving the risk/return profi le of a diversifi ed portfolio.
They are partly exposed to equities but with a lower duration than same-maturity straight bonds. This makes them less sensitive to interest rate rises.
By collaborating with La Banque Postale Asset Management, UBP is offering access to this asymmetric profi le for investors keen to expose some of their assets, through SRI, to issuers that value fairness and sustainability in investment.

Fund concept

Convertibles Europe Responsable seeks to capitalise on the asymmetric risk/return profi le of European convertible bonds through an exposure to equity markets ranging from 10% to 60%. This exposure is actively managed, which should enable the fund to generate equity-like returns over the long term, whilst maintaining signifi cantly lower volatility.
The portfolio also aims at a higher average SRI rating than its benchmark, as measured by La Banque Postale Asset Management.

Performance

UBAM Convertibles Europe SRI AC EUR
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years Since launch
Historical performance 0.83% 0.83% 4.32% -1.50% -1.02% 2.66%
Calendar year 2019 2018 2017 2016 2015
Calendar year 5.39% -9.52% 1.44% -0.54% 3.68%
12 months rolling 03.19 - 03.20 03.18 - 03.19 03.17 - 03.18 03.16 - 03.17 03.15 - 03.16
12 months rolling 4.32% -5.84% -2.72% 5.72% -5.96%
Disclaimer

Performance under 1 year is shown cumulated. Performance over 1 year is shown annualised.

Past performance is not indicative of present and/or future results. Price and availability are subject to change without notice. The value of investments may go up or down and investors may not get back the amount invested. Changes in foreign exchange rates may also cause the value of investments to fluctuate.

Library

LEGAL DOCUMENT
Title Updated French German English Italian
KIID 11.02.2020 PDF
Prospectus 01.10.2019 PDF
Semi-annual report 28.06.2019 PDF
Shareholders letter 10.01.2020 PDF PDF PDF PDF
MARKETING DOCUMENTATION
Title Updated French German English Italian
Factsheets 31.01.2020 PDF PDF PDF PDF
Monthly Report 31.01.2020 PDF
Product card 31.12.2019 PDF PDF PDF PDF
Quarterly comment 31.12.2019 PDF
OTHER
Title Updated French German English Italian
Portfolio 30.09.2019 PDF

Registration

ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GIGibraltar
IEIreland
ILIsrael
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GIGibraltar
IEIreland
ILIsrael
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan

Italy: I shares are only notified to the CONSOB.

Singapore: Sub-funds registered with the MAS (Monetary Authority of Singapore) can only be offered to “accredited investors”.


Fiscal information

Titre Statut
End of fiscal year 31 December
UK RFS No
German transparency Yes Investor Report
Austrian transparency Yes
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • FR0011315787
  • Data as at
  • 03.03.2020
  • Latest NAV
  • 1'214.39 EUR
  • Fund's AUM
  • 29.07M EUR

Fund data

  • Legal structure FCP
  • Jurisdiction France
  • Launch date 28.09.2012
  • Base currency EUR
  • Asset class Convertible Bond
  • Geographical bias Europe
  • Inception date 28.09.2012

Share class data

  • Description AC EUR
  • Launch date 28.09.2012
  • Dividend type CAPITALISATION
  • Minimun initial investment 1 share
  • Subscription Daily
  • Redemption Daily
  • Management fee 1.00%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg UBCOEUR FP
  • Telekurs 19615042
  • Reuters -
  • WKN A1T6QY
  • SEDOL -
  • Morningstar Yes
  • Financial Express F3QF

Manager(s)

    Marc Basselier