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UBAM - SRI European Convertible Bond IC EUR

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Drawing on the asymmetric nature of European convertible bonds within a socially responsible framework

The dual nature of convertible bonds – a bond instrument with an embedded conversion option – allows them to combine the defensive qualities of fixed income securities with the upside potential of equities. This attractive feature is at the root of the asset class’ intrinsic convexity. UBAM – SRI European Convertible Bond aims to provide investors with the asymmetric risk/return profile of convertible bonds within a socially responsible investment (SRI) framework

Key points

  • The combination of two areas of expertise: convertible bond management & SRI screening
  • A “best-in-universe” socially responsible approach
  • A strong alternative to European SRI equities in a volatility-controlled framework
  • A strategy compliant with major European labels

Investment case

Convertible bonds have a long history in delivering equity-like returns with much lower volatility over the long term, therefore improving the risk/return profile of a diversified portfolio over a complete market cycle. Being partly exposed to equities, convertible bonds traditionally embed lower sensitivity to interest rate moves than straight bonds of comparable duration. Prospects for the asset class are strong, as ever more companies are turning to convertible bonds for their financing needs, providing deep and growing convex investment opportunities.

Fund concept

With UBAM - SRI European Convertible Bond, UBP offers access to convertible bonds’ unique convexity for investors keen to expose some of their assets, through SRI, to issuers that value fairness and sustainability in investment.

The portfolio aims to maintain a higher average SRI rating than its reference index (the Refinitiv Europe Hedged Convertible Bond Index (EUR)). This is achieved through stringent environmental, social and governance (ESG) criteria, which result in investments on companies that stand out for their commitment to sustainable development. UBP’s convertible bond team develops its own ESG ratings, based on the SRI analysis provided by MSCI ESG Research, with strong emphasis put on governance and environmental aspects. The strategy is managed quantitatively, according to an allocation approach designed to respond to convertible bonds’ specific features, and with the objective to enhance convertible bond market indices’ attractive long-term risk-return profile.

The strategy complies with 3 major European labels: the Austrian “Österreichisches Umweltzeichen” Ecolabel, the French “Label ISR” and the Belgian “Towards Sustainability” Febelfin label.

With reference to the French ISR Label, please find the code of transparence in French here.

Austria Label.jpgFebelfin.pngFrench Label.png

Performance

UBAM - SRI European Convertible Bond IC EUR
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years Since launch
Historical performance 2.93% 4.26% 4.71% -1.15% -0.41% -0.45%
Calendar year 2019 2018 2017 2016  
Calendar year 4.91% -9.77% 1.13% -0.68%
12 months rolling 11.19 - 11.20 11.18 - 11.19 11.17 - 11.18 11.16 - 11.17 11.15 - 11.16
12 months rolling 4.71% 2.26% -9.79% 5.65% -4.02%
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 English French Italian German
Annual report 31.12.2019 PDF
KIID 25.05.2020 PDF
Prospectus 28.02.2020 PDF
Semi-annual report 30.06.2020 PDF
Status – Articles of Association 04.02.2020 PDF
MARKETING DOCUMENTATION
Title Updated English French Italian German
Factsheets 31.10.2020 PDF PDF
Monthly Report 31.10.2020 PDF
Product card 31.12.2020 PDF PDF PDF PDF
Quarterly comment 30.06.2020 PDF
OTHER
Title Updated English French Italian German
Portfolio 30.06.2020 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 Yes Reportable Income
German transparency Yes Investor Report
Austrian transparency Yes
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • LU1273964343
  • Data as at
  • 26.11.2020
  • Latest NAV
  • 97.66 EUR
  • Fund's AUM
  • 42.98M EUR

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency EUR
  • Asset class Convertible Bond
  • Geographical bias Europe
  • Inception date 07.08.2015

Share class data

  • Description IC EUR
  • Launch date 07.08.2015
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 0.70%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg UBECIEC LX
  • Telekurs 29126749
  • Reuters -
  • WKN A2DVMF
  • SEDOL -
  • Morningstar N/A
  • Financial Express FWIZ

Manager(s)

    Marc Basselier