Flossbach von Storch - Global Convertible Bond RT

Flossbach von Storch - Global Convertible Bond represents a defensive alternative to pure equity investments. The convex profile of convertible bonds allows investors to take advantage of rising equity prices whilst at the same time limiting downside risks. Stock selection is based on a fundamental analysis process using in-house valuation models. If no convertible bond is available for a promising underlying security, or its structure does not match the required profile, the fund management may combine bonds and call options so as to present a similarly attractive structure. Currently foreign currency risks are largely hedged. The fund invests globally in convertible bonds.


Valor number:33868346
ISIN:LU1481584107
Authorised for distribution:AT, CH, DE, IT, LU, PT
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:17 October 2016
Financial year end:30 September
Income utilisation:Accumulating
Management company:Flossbach von Storch Invest S.A.
Custodian bank / Paying agent:DZ PRIVATBANK S.A.
Manager:Flossbach von Storch AG
Data from:15 November 2019
Fund assets:455,235,638.83 EUR
NAV:104.93 EUR
Redemption price:104.93 EUR
Issue price*:110.18 EUR
Issue surcharge:up to 5.00%

* incl. max. issue surcharge 5.00%

Source: Custodian bank / Paying agent

Annual performance (EUR, gross, in %, As at: 15.11.2019)

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Performance (EUR, gross, in %, As at: 15.11.2019)

Reference index: Thomson Reuters Global Convertible Focus Hedged (Change of reference index: up until 31.12.2017, the reference index Thomson Reuters Global Convertible Hedged (IG) was used. The data shown here refers to the new reference index for the entire period)

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Accumulated Performance (EUR, gross, in %, As at: 15.11.2019)

 15.11.201931.10.2019
YTD8.57%7.83%
1 year4.69%4.46%
3 years6.04%4.26%
1 year p.a.0.67%4.46%
3 years p.a.1.98%1.40%
since launch (17.10.2016)4.93%4.22%

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Monthly performance (EUR, in %, As at: 15.11.2019)

 2019201820172016
Jan2.36%0.23%0.44%
Feb1.46%-1.02%1.19%
Mar0.44%-0.72%0.07%
Apr2.00%0.65%1.22%
May-1.95%-0.80%0.92%
Jun1.66%-0.15%-0.45%
Jul1.30%0.66%0.62%
Aug-0.15%-0.05%-0.76%
Sep0.37%-0.55%0.06%
Oct0.17%-2.37%0.11%-0.04%
Nov0.68%-0.78%0.07%-0.91%
Dec-2.36%0.33%1.10%
Current year to 31.10.20197.83%-7.07%3.85%0.14%
Current year to 15.11.20198.57%-7.07%3.85%0.14%

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Top 10 positions (As at: 31.10.2019)

1,875% BRENNTAG 02.12.20222.94 %
2,125% LIBERTY MEDIA 31.03.20482.85 %
0,500% TOTAL 02.12.20222.74 %
0,000% SONY 30.09.20222.73 %
0,000% RAG-STIFTUNG 02.10.20242.68 %
0,750% PALO ALTO NETWORKS 01.07.20232.64 %
0,600% DEUTSCHE WOHNEN 05.01.20262.57 %
0,000% ELIOTT CAPITAL 30.12.20222.34 %
2,625% REMGRO MEDICLINIC 22.03.20212.08 %
0,050% DEUTSCHE POST 30.06.20252.02 %

Source: Depositary and Flossbach von Storch

Top 10 sectors for convertible bonds (As at: 31.10.2019)

Materials16.25 %
Media & Entertainment9.45 %
Health Care Equipment & Services8.03 %
Banks7.55 %
Capital Goods6.99 %
Software & Services6.11 %
Consumer Durables & Apparel6.10 %
Energy5.08 %
Pharmaceuticals, Biotechnology & Life Sciences4.80 %
Technology Hardware & Equipment4.01 %

 Source: Depositary and Flossbach von Storch

Top regions for convertible bonds (As at: 31.10.2019)

Europe55.21 %
North America25.11 %
Japan8.20 %
Asia ex Japan7.00 %
Africa2.42 %
Latin America2.05 %

 Source: Depositary and Flossbach von Storch

Other key figures (As at: 31.10.2019)

Sharpe Ratio a 1,21
Value at Risk (VaR) b -2,07%
Volatility c 3,31%
Maximum drawdown d -4,49%

a The Sharpe ratio is a measurement for the risk/return profile of an investment. In terms of sub-funds, it determines how much outperformance (that is return on the fund’s assets minus the return of a risk-free asset) the sub-fund achieved per unit of risk.

b The value at risk (VaR) is a means to measure risk and describes the loss that, with a pre-defined probability (in this case 99 per cent) and in a predetermined holding period (in this case 20 days), will not be exceeded. Here we are dealing with an ex post VaR which has been calculated according to sub-fund prices for a given time series.

c Volatility is measured through standard deviation and is used to determine the degree of fluctuation of sub-fund prices over a given time frame.

d The “maximum drawdown” shows the maximum loss an investor can suffer through an unfortunate choice of timing for buying or selling securities in a given time period (260 days).

Historic Prices

As at Share class currency Issue price Redemption price NAV
EUR 100.00
EUR 104.94 99.94 99.94
EUR 105.08 100.08 100.08
EUR 105.19 100.18 100.18
EUR 105.29 100.28 100.28
EUR 105.25 100.24 100.24
EUR 105.32 100.30 100.30
EUR 105.37 100.35 100.35
EUR 105.24 100.23 100.23
EUR 105.04 100.04 100.04
EUR 104.96 99.96 99.96
EUR 104.81 99.82 99.82
EUR 104.56 99.58 99.58
EUR 104.57 99.59 99.59
EUR 104.27 99.30 99.30
EUR 104.73 99.74 99.74
EUR 104.85 99.86 99.86
EUR 104.56 99.58 99.58
EUR 104.42 99.45 99.45
EUR 104.24 99.28 99.28
EUR 103.90 98.95 98.95
EUR 104.04 99.09 99.09
EUR 104.10 99.14 99.14
EUR 104.16 99.20 99.20
EUR 103.97 99.02 99.02
EUR 103.76 98.82 98.82
EUR 103.82 98.88 98.88
EUR 103.88 98.93 98.93
EUR 103.90 98.95 98.95
EUR 104.09 99.13 99.13
EUR 103.96 99.01 99.01
EUR 104.00 99.05 99.05
EUR 103.87 98.92 98.92
EUR 103.72 98.78 98.78
EUR 103.57 98.64 98.64
EUR 103.70 98.76 98.76
EUR 103.87 98.92 98.92
EUR 104.24 99.28 99.28
EUR 104.48 99.50 99.50
EUR 104.79 99.80 99.80
EUR 104.76 99.77 99.77
EUR 105.02 100.02 100.02
EUR 104.92 99.92 99.92
EUR 104.82 99.83 99.83
EUR 104.91 99.91 99.91
EUR 104.98 99.98 99.98
EUR 104.97 99.97 99.97
EUR 104.94 99.94 99.94
EUR 104.93 99.93 99.93
EUR 105.02 100.02 100.02
EUR 105.14 100.13 100.13
EUR 105.09 100.09 100.09
EUR 105.15 100.14 100.14
EUR 105.13 100.12 100.12
EUR 105.19 100.18 100.18
EUR 105.28 100.27 100.27
EUR 105.48 100.46 100.46
EUR 105.66 100.63 100.63
EUR 105.57 100.54 100.54
EUR 105.56 100.53 100.53
EUR 105.60 100.57 100.57
EUR 105.69 100.66 100.66
EUR 105.57 100.54 100.54
EUR 105.75 100.71 100.71
EUR 105.75 100.71 100.71
EUR 105.70 100.67 100.67
EUR 105.86 100.82 100.82
EUR 105.75 100.71 100.71
EUR 105.79 100.75 100.75
EUR 105.71 100.68 100.68
EUR 105.75 100.71 100.71
EUR 105.76 100.72 100.72
EUR 105.79 100.75 100.75
EUR 105.80 100.76 100.76
EUR 105.61 100.58 100.58
EUR 105.45 100.43 100.43
EUR 105.43 100.41 100.41
EUR 105.46 100.44 100.44
EUR 105.86 100.82 100.82
EUR 105.90 100.86 100.86
EUR 105.91 100.87 100.87
EUR 106.07 101.02 101.02
EUR 106.20 101.14 101.14
EUR 106.37 101.30 101.30
EUR 106.43 101.36 101.36
EUR 106.43 101.36 101.36
EUR 106.53 101.46 101.46
EUR 106.55 101.48 101.48
EUR 106.53 101.46 101.46
EUR 106.53 101.46 101.46
EUR 106.77 101.69 101.69
EUR 106.77 101.69 101.69
EUR 106.91 101.82 101.82
EUR 106.84 101.75 101.75
EUR 106.87 101.78 101.78
EUR 106.82 101.73 101.73
EUR 107.14 102.04 102.04
EUR 107.04 101.94 101.94
EUR 106.94 101.85 101.85
EUR 106.82 101.73 101.73
EUR 106.70 101.62 101.62
EUR 106.68 101.60 101.60
EUR 106.55 101.48 101.48
EUR 106.61 101.53 101.53
EUR 106.71 101.63 101.63
EUR 106.61 101.53 101.53
EUR 106.67 101.59 101.59
EUR 106.80 101.71 101.71
EUR 106.88 101.79 101.79
EUR 106.86 101.77 101.77
EUR 106.74 101.66 101.66
EUR 106.52 101.45 101.45
EUR 106.60 101.52 101.52
EUR 106.72 101.64 101.64
EUR 106.69 101.61 101.61
EUR 106.75 101.67 101.67
EUR 106.82 101.73 101.73
EUR 106.94 101.85 101.85
EUR 107.03 101.93 101.93
EUR 107.03 101.93 101.93
EUR 106.98 101.89 101.89
EUR 107.07 101.97 101.97
EUR 107.19 102.09 102.09
EUR 107.39 102.28 102.28
EUR 107.38 102.27 102.27
EUR 107.39 102.28 102.28
EUR 107.31 102.20 102.20
EUR 107.33 102.22 102.22
EUR 107.30 102.19 102.19
EUR 107.25 102.14 102.14
EUR 107.38 102.27 102.27
EUR 107.32 102.21 102.21
EUR 107.78 102.65 102.65
EUR 107.98 102.84 102.84
EUR 108.14 102.99 102.99
EUR 108.24 103.09 103.09
EUR 108.22 103.07 103.07
EUR 108.39 103.23 103.23
EUR 108.44 103.28 103.28
EUR 108.40 103.24 103.24
EUR 108.54 103.37 103.37
EUR 108.57 103.40 103.40
EUR 108.78 103.60 103.60
EUR 108.89 103.70 103.70
EUR 108.92 103.73 103.73
EUR 108.99 103.80 103.80
EUR 109.13 103.93 103.93
EUR 109.16 103.96 103.96
EUR 108.91 103.72 103.72
EUR 108.76 103.58 103.58
EUR 109.07 103.88 103.88
EUR 109.17 103.97 103.97
EUR 109.13 103.93 103.93
EUR 109.31 104.10 104.10
EUR 109.25 104.05 104.05
EUR 109.21 104.01 104.01
EUR 109.24 104.04 104.04
EUR 109.17 103.97 103.97
EUR 109.52 104.30 104.30
EUR 109.77 104.54 104.54
EUR 109.68 104.46 104.46
EUR 109.56 104.34 104.34
EUR 109.58 104.36 104.36
EUR 109.52 104.30 104.30
EUR 109.42 104.21 104.21
EUR 109.41 104.20 104.20
EUR 109.32 104.11 104.11
EUR 109.08 103.89 103.89
EUR 109.07 103.88 103.88
EUR 109.22 104.02 104.02
EUR 109.13 103.93 103.93
EUR 109.14 103.94 103.94
EUR 109.14 103.94 103.94
EUR 109.23 104.03 104.03
EUR 108.96 103.77 103.77
EUR 109.01 103.82 103.82
EUR 108.75 103.57 103.57
EUR 108.72 103.54 103.54
EUR 108.70 103.52 103.52
EUR 108.66 103.49 103.49
EUR 108.66 103.49 103.49
EUR 108.50 103.33 103.33
EUR 108.43 103.27 103.27
EUR 108.54 103.37 103.37
EUR 108.56 103.39 103.39
EUR 108.82 103.64 103.64
EUR 108.95 103.76 103.76
EUR 109.07 103.88 103.88
EUR 109.13 103.93 103.93
EUR 109.13 103.93 103.93
EUR 109.29 104.09 104.09
EUR 109.27 104.07 104.07
EUR 109.24 104.04 104.04
EUR 109.19 103.99 103.99
EUR 109.25 104.05 104.05
EUR 109.42 104.21 104.21
EUR 109.42 104.21 104.21
EUR 109.42 104.21 104.21
EUR 109.37 104.16 104.16
EUR 109.44 104.23 104.23
EUR 109.36 104.15 104.15
EUR 109.34 104.13 104.13
EUR 109.37 104.16 104.16
EUR 109.47 104.26 104.26
EUR 109.41 104.20 104.20
EUR 109.18 103.98 103.98
EUR 108.94 103.75 103.75
EUR 108.83 103.65 103.65
EUR 108.87 103.69 103.69
EUR 108.94 103.75 103.75
EUR 108.82 103.64 103.64
EUR 108.70 103.52 103.52
EUR 108.68 103.50 103.50
EUR 108.82 103.64 103.64
EUR 108.92 103.73 103.73
EUR 108.55 103.38 103.38
EUR 108.59 103.42 103.42
EUR 108.48 103.31 103.31
EUR 108.42 103.26 103.26
EUR 108.59 103.42 103.42
EUR 108.74 103.56 103.56
EUR 108.89 103.70 103.70
EUR 108.87 103.69 103.69
EUR 108.84 103.66 103.66
EUR 108.80 103.62 103.62
EUR 108.84 103.66 103.66
EUR 108.83 103.65 103.65
EUR 108.98 103.79 103.79
EUR 109.00 103.81 103.81
EUR 109.05 103.86 103.86
EUR 109.01 103.82 103.82
EUR 109.05 103.86 103.86
EUR 109.01 103.82 103.82
EUR 108.96 103.77 103.77
EUR 108.93 103.74 103.74
EUR 108.80 103.62 103.62
EUR 108.78 103.60 103.60
EUR 108.83 103.65 103.65
EUR 108.79 103.61 103.61
EUR 108.74 103.56 103.56
EUR 108.65 103.48 103.48
EUR 108.80 103.62 103.62
EUR 108.89 103.70 103.70
EUR 108.90 103.71 103.71
EUR 108.97 103.78 103.78
EUR 109.04 103.85 103.85
EUR 108.99 103.80 103.80
EUR 108.99 103.80 103.80
EUR 109.02 103.83 103.83
EUR 109.03 103.84 103.84
EUR 109.10 103.90 103.90
EUR 109.17 103.97 103.97
EUR 109.11 103.91 103.91
EUR 109.07 103.88 103.88
EUR 109.08 103.89 103.89
EUR 108.96 103.77 103.77
EUR 108.94 103.75 103.75
EUR 108.90 103.71 103.71
EUR 108.85 103.67 103.67
EUR 108.63 103.46 103.46
EUR 108.64 103.47 103.47
EUR 108.76 103.58 103.58
EUR 108.77 103.59 103.59
EUR 108.95 103.76 103.76
EUR 109.00 103.81 103.81
EUR 109.14 103.94 103.94
EUR 109.23 104.03 104.03
EUR 109.14 103.94 103.94
EUR 109.27 104.07 104.07
EUR 109.00 103.81 103.81
EUR 108.91 103.72 103.72
EUR 108.82 103.64 103.64
EUR 108.72 103.54 103.54
EUR 108.53 103.36 103.36
EUR 108.70 103.52 103.52
EUR 108.73 103.55 103.55
EUR 108.73 103.55 103.55
EUR 108.94 103.75 103.75
EUR 108.96 103.77 103.77
EUR 108.97 103.78 103.78
EUR 108.95 103.76 103.76
EUR 108.89 103.70 103.70
EUR 108.97 103.78 103.78
EUR 108.84 103.66 103.66
EUR 108.73 103.55 103.55
EUR 108.79 103.61 103.61
EUR 108.79 103.61 103.61
EUR 108.73 103.55 103.55
EUR 108.90 103.71 103.71
EUR 108.78 103.60 103.60
EUR 108.77 103.59 103.59
EUR 108.77 103.59 103.59
EUR 109.02 103.83 103.83
EUR 109.11 103.91 103.91
EUR 109.00 103.81 103.81
EUR 109.03 103.84 103.84
EUR 109.23 104.03 104.03
EUR 109.18 103.98 103.98
EUR 109.07 103.88 103.88
EUR 109.13 103.93 103.93
EUR 109.10 103.90 103.90
EUR 109.17 103.97 103.97
EUR 109.20 104.00 104.00
EUR 109.11 103.91 103.91
EUR 109.21 104.01 104.01
EUR 109.35 104.14 104.14
EUR 109.58 104.36 104.36
EUR 109.80 104.57 104.57
EUR 109.83 104.60 104.60
EUR 109.92 104.69 104.69
EUR 109.83 104.60 104.60
EUR 109.79 104.56 104.56
EUR 109.78 104.55 104.55
EUR 109.75 104.52 104.52
EUR 109.84 104.61 104.61
EUR 109.84 104.61 104.61
EUR 109.73 104.50 104.50
EUR 109.86 104.63 104.63
EUR 110.06 104.82 104.82
EUR 110.10 104.86 104.86
EUR 109.92 104.69 104.69
EUR 109.71 104.49 104.49
EUR 109.76 104.53 104.53
EUR 109.63 104.41 104.41
EUR 109.45 104.24 104.24
EUR 109.37 104.16 104.16
EUR 109.33 104.12 104.12
EUR 108.92 103.73 103.73
EUR 108.52 103.35 103.35
EUR 108.24 103.09 103.09
EUR 108.49 103.32 103.32
EUR 107.97 102.83 102.83
EUR 107.60 102.48 102.48
EUR 107.81 102.68 102.68
EUR 107.76 102.63 102.63
EUR 107.81 102.68 102.68
EUR 108.07 102.92 102.92
EUR 108.34 103.18 103.18
EUR 108.23 103.08 103.08
EUR 108.33 103.17 103.17
EUR 108.34 103.18 103.18
EUR 108.16 103.01 103.01
EUR 108.41 103.25 103.25
EUR 108.40 103.24 103.24
EUR 108.34 103.18 103.18
EUR 108.30 103.14 103.14
EUR 108.01 102.87 102.87
EUR 107.69 102.56 102.56
EUR 107.86 102.72 102.72
EUR 107.94 102.80 102.80
EUR 108.07 102.92 102.92
EUR 108.26 103.10 103.10
EUR 108.45 103.29 103.29
EUR 108.68 103.50 103.50
EUR 108.38 103.22 103.22
EUR 108.31 103.15 103.15
EUR 108.29 103.13 103.13
EUR 108.28 103.12 103.12
EUR 108.07 102.92 102.92
EUR 108.08 102.93 102.93
EUR 108.17 103.02 103.02
EUR 107.86 102.72 102.72
EUR 107.63 102.50 102.50
EUR 107.60 102.48 102.48
EUR 107.76 102.63 102.63
EUR 107.56 102.44 102.44
EUR 107.68 102.55 102.55
EUR 107.67 102.54 102.54
EUR 107.72 102.59 102.59
EUR 108.17 103.02 103.02
EUR 108.02 102.88 102.88
EUR 107.84 102.70 102.70
EUR 108.11 102.96 102.96
EUR 108.14 102.99 102.99
EUR 108.24 103.09 103.09
EUR 108.32 103.16 103.16
EUR 108.26 103.10 103.10
EUR 108.51 103.34 103.34
EUR 108.64 103.47 103.47
EUR 108.59 103.42 103.42
EUR 108.49 103.32 103.32
EUR 108.42 103.26 103.26
EUR 108.37 103.21 103.21
EUR 108.11 102.96 102.96
EUR 108.17 103.02 103.02
EUR 108.27 103.11 103.11
EUR 108.17 103.02 103.02
EUR 108.21 103.06 103.06
EUR 108.08 102.93 102.93
EUR 108.23 103.08 103.08
EUR 108.37 103.21 103.21
EUR 108.32 103.16 103.16
EUR 108.51 103.34 103.34
EUR 108.40 103.24 103.24
EUR 108.40 103.24 103.24
EUR 108.28 103.12 103.12
EUR 108.21 103.06 103.06
EUR 108.29 103.13 103.13
EUR 108.27 103.11 103.11
EUR 108.22 103.07 103.07
EUR 107.89 102.75 102.75
EUR 107.73 102.60 102.60
EUR 107.77 102.64 102.64
EUR 107.74 102.61 102.61
EUR 107.43 102.31 102.31
EUR 107.40 102.29 102.29
EUR 107.33 102.22 102.22
EUR 107.53 102.41 102.41
EUR 107.66 102.53 102.53
EUR 107.72 102.59 102.59
EUR 107.86 102.72 102.72
EUR 107.80 102.67 102.67
EUR 107.73 102.60 102.60
EUR 108.18 103.03 103.03
EUR 108.28 103.12 103.12
EUR 108.27 103.11 103.11
EUR 108.55 103.38 103.38
EUR 108.40 103.24 103.24
EUR 108.22 103.07 103.07
EUR 107.97 102.83 102.83
EUR 108.00 102.86 102.86
EUR 107.82 102.69 102.69
EUR 107.94 102.80 102.80
EUR 107.57 102.45 102.45
EUR 107.43 102.31 102.31
EUR 107.47 102.35 102.35
EUR 107.25 102.14 102.14
EUR 107.38 102.27 102.27
EUR 107.19 102.09 102.09
EUR 107.35 102.24 102.24
EUR 107.26 102.15 102.15
EUR 107.39 102.28 102.28
EUR 107.58 102.46 102.46
EUR 107.78 102.65 102.65
EUR 107.95 102.81 102.81
EUR 107.60 102.48 102.48
EUR 107.67 102.54 102.54
EUR 107.66 102.53 102.53
EUR 107.66 102.53 102.53
EUR 107.85 102.71 102.71
EUR 107.94 102.80 102.80
EUR 107.92 102.78 102.78
EUR 107.78 102.65 102.65
EUR 107.59 102.47 102.47
EUR 107.77 102.64 102.64
EUR 107.74 102.61 102.61
EUR 107.98 102.84 102.84
EUR 108.10 102.95 102.95
EUR 107.95 102.81 102.81
EUR 107.92 102.78 102.78
EUR 107.89 102.75 102.75
EUR 107.76 102.63 102.63
EUR 107.82 102.69 102.69
EUR 107.82 102.69 102.69
EUR 107.91 102.77 102.77
EUR 107.87 102.73 102.73
EUR 107.87 102.73 102.73
EUR 107.57 102.45 102.45
EUR 107.35 102.24 102.24
EUR 107.02 101.92 101.92
EUR 107.06 101.96 101.96
EUR 107.15 102.05 102.05
EUR 107.26 102.15 102.15
EUR 107.38 102.27 102.27
EUR 107.43 102.31 102.31
EUR 107.37 102.26 102.26
EUR 107.59 102.47 102.47
EUR 107.91 102.77 102.77
EUR 107.94 102.80 102.80
EUR 107.98 102.84 102.84
EUR 107.90 102.76 102.76
EUR 107.78 102.65 102.65
EUR 107.73 102.60 102.60
EUR 107.59 102.47 102.47
EUR 107.21 102.10 102.10
EUR 107.07 101.97 101.97
EUR 107.09 101.99 101.99
EUR 107.06 101.96 101.96
EUR 107.05 101.95 101.95
EUR 107.16 102.06 102.06
EUR 107.31 102.20 102.20
EUR 107.44 102.32 102.32
EUR 107.33 102.22 102.22
EUR 107.53 102.41 102.41
EUR 107.58 102.46 102.46
EUR 107.74 102.61 102.61
EUR 107.80 102.67 102.67
EUR 107.63 102.50 102.50
EUR 107.49 102.37 102.37
EUR 107.35 102.24 102.24
EUR 107.30 102.19 102.19
EUR 107.33 102.22 102.22
EUR 107.42 102.30 102.30
EUR 107.34 102.23 102.23
EUR 107.37 102.26 102.26
EUR 106.95 101.86 101.86
EUR 106.64 101.56 101.56
EUR 106.33 101.27 101.27
EUR 106.24 101.18 101.18
EUR 105.74 100.70 100.70
EUR 105.43 100.41 100.41
EUR 105.56 100.53 100.53
EUR 105.56 100.53 100.53
EUR 105.90 100.86 100.86
EUR 105.96 100.91 100.91
EUR 105.65 100.62 100.62
EUR 105.50 100.48 100.48
EUR 105.58 100.55 100.55
EUR 105.07 100.07 100.07
EUR 104.71 99.72 99.72
EUR 104.79 99.80 99.80
EUR 104.53 99.55 99.55
EUR 104.55 99.57 99.57
EUR 104.76 99.77 99.77
EUR 105.64 100.61 100.61
EUR 105.81 100.77 100.77
EUR 105.74 100.70 100.70
EUR 105.83 100.79 100.79
EUR 106.03 100.98 100.98
EUR 105.87 100.83 100.83
EUR 105.63 100.60 100.60
EUR 105.23 100.22 100.22
EUR 105.24 100.23 100.23
EUR 105.24 100.23 100.23
EUR 105.03 100.03 100.03
EUR 104.75 99.76 99.76
EUR 104.44 99.47 99.47
EUR 103.76 98.82 98.82
EUR 103.99 99.04 99.04
EUR 103.94 98.99 98.99
EUR 103.87 98.92 98.92
EUR 104.04 99.09 99.09
EUR 103.91 98.96 98.96
EUR 104.06 99.10 99.10
EUR 103.94 98.99 98.99
EUR 103.86 98.91 98.91
EUR 104.21 99.25 99.25
EUR 103.80 98.86 98.86
EUR 103.50 98.57 98.57
EUR 102.95 98.05 98.05
EUR 102.78 97.89 97.89
EUR 102.50 97.62 97.62
EUR 102.57 97.69 97.69
EUR 103.10 98.19 98.19
EUR 103.03 98.12 98.12
EUR 102.74 97.85 97.85
EUR 102.46 97.58 97.58
EUR 102.27 97.40 97.40
EUR 102.15 97.29 97.29
EUR 101.76 96.91 96.91
EUR 101.47 96.64 96.64
EUR 101.48 96.65 96.65
EUR 101.59 96.75 96.75
EUR 101.65 96.81 96.81
EUR 101.27 96.45 96.45
EUR 101.78 96.93 96.93
EUR 102.10 97.24 97.24
EUR 102.30 97.43 97.43
EUR 102.71 97.82 97.82
EUR 102.83 97.93 97.93
EUR 102.88 97.98 97.98
EUR 102.67 97.78 97.78
EUR 102.83 97.93 97.93
EUR 102.93 98.03 98.03
EUR 103.07 98.16 98.16
EUR 103.44 98.51 98.51
EUR 103.45 98.52 98.52
EUR 103.15 98.24 98.24
EUR 103.11 98.20 98.20
EUR 103.38 98.46 98.46
EUR 103.71 98.77 98.77
EUR 103.59 98.66 98.66
EUR 103.68 98.74 98.74
EUR 103.88 98.93 98.93
EUR 104.10 99.14 99.14
EUR 104.23 99.27 99.27
EUR 104.25 99.29 99.29
EUR 104.56 99.58 99.58
EUR 104.63 99.65 99.65
EUR 104.19 99.23 99.23
EUR 104.13 99.17 99.17
EUR 104.21 99.25 99.25
EUR 104.51 99.53 99.53
EUR 104.65 99.67 99.67
EUR 104.67 99.69 99.69
EUR 104.90 99.90 99.90
EUR 104.92 99.92 99.92
EUR 104.96 99.96 99.96
EUR 105.13 100.12 100.12
EUR 105.08 100.08 100.08
EUR 105.28 100.27 100.27
EUR 105.30 100.29 100.29
EUR 105.39 100.37 100.37
EUR 105.39 100.37 100.37
EUR 105.47 100.45 100.45
EUR 105.63 100.60 100.60
EUR 105.72 100.69 100.69
EUR 105.85 100.81 100.81
EUR 105.79 100.75 100.75
EUR 105.50 100.48 100.48
EUR 105.26 100.25 100.25
EUR 105.50 100.48 100.48
EUR 105.78 100.74 100.74
EUR 105.97 100.92 100.92
EUR 106.01 100.96 100.96
EUR 106.23 101.17 101.17
EUR 106.27 101.21 101.21
EUR 106.42 101.35 101.35
EUR 106.27 101.21 101.21
EUR 106.35 101.29 101.29
EUR 105.89 100.85 100.85
EUR 105.78 100.74 100.74
EUR 105.99 100.94 100.94
EUR 105.95 100.90 100.90
EUR 105.85 100.81 100.81
EUR 106.07 101.02 101.02
EUR 106.54 101.47 101.47
EUR 106.61 101.53 101.53
EUR 107.00 101.90 101.90
EUR 107.06 101.96 101.96
EUR 107.17 102.07 102.07
EUR 107.21 102.10 102.10
EUR 107.28 102.17 102.17
EUR 107.35 102.24 102.24
EUR 107.42 102.30 102.30
EUR 107.59 102.47 102.47
EUR 107.64 102.51 102.51
EUR 107.81 102.68 102.68
EUR 107.90 102.76 102.76
EUR 107.89 102.75 102.75
EUR 107.99 102.85 102.85
EUR 107.87 102.73 102.73
EUR 107.73 102.60 102.60
EUR 107.79 102.66 102.66
EUR 107.97 102.83 102.83
EUR 108.09 102.94 102.94
EUR 107.96 102.82 102.82
EUR 108.07 102.92 102.92
EUR 107.76 102.63 102.63
EUR 107.33 102.22 102.22
EUR 107.10 102.00 102.00
EUR 107.22 102.11 102.11
EUR 106.73 101.65 101.65
EUR 106.84 101.75 101.75
EUR 106.94 101.85 101.85
EUR 107.07 101.97 101.97
EUR 107.14 102.04 102.04
EUR 106.76 101.68 101.68
EUR 106.89 101.80 101.80
EUR 106.80 101.71 101.71
EUR 106.32 101.26 101.26
EUR 106.29 101.23 101.23
EUR 106.30 101.24 101.24
EUR 106.21 101.15 101.15
EUR 105.86 100.82 100.82
EUR 105.64 100.61 100.61
EUR 105.64 100.61 100.61
EUR 105.97 100.92 100.92
EUR 106.09 101.04 101.04
EUR 106.09 101.04 101.04
EUR 106.46 101.39 101.39
EUR 106.69 101.61 101.61
EUR 106.58 101.50 101.50
EUR 106.69 101.61 101.61
EUR 106.66 101.58 101.58
EUR 106.70 101.62 101.62
EUR 107.14 102.04 102.04
EUR 107.33 102.22 102.22
EUR 107.71 102.58 102.58
EUR 107.65 102.52 102.52
EUR 107.64 102.51 102.51
EUR 107.54 102.42 102.42
EUR 107.48 102.36 102.36
EUR 107.61 102.49 102.49
EUR 107.85 102.71 102.71
EUR 108.11 102.96 102.96
EUR 108.21 103.06 103.06
EUR 108.42 103.26 103.26
EUR 108.53 103.36 103.36
EUR 108.53 103.36 103.36
EUR 108.43 103.27 103.27
EUR 108.32 103.16 103.16
EUR 108.37 103.21 103.21
EUR 108.40 103.24 103.24
EUR 108.53 103.36 103.36
EUR 108.55 103.38 103.38
EUR 108.59 103.42 103.42
EUR 108.55 103.38 103.38
EUR 108.38 103.22 103.22
EUR 108.53 103.36 103.36
EUR 108.55 103.38 103.38
EUR 108.91 103.72 103.72
EUR 109.23 104.03 104.03
EUR 109.12 103.92 103.92
EUR 109.23 104.03 104.03
EUR 109.18 103.98 103.98
EUR 109.01 103.82 103.82
EUR 109.07 103.88 103.88
EUR 108.99 103.80 103.80
EUR 108.51 103.34 103.34
EUR 107.97 102.83 102.83
EUR 108.07 102.92 102.92
EUR 108.27 103.11 103.11
EUR 108.54 103.37 103.37
EUR 108.54 103.37 103.37
EUR 108.41 103.25 103.25
EUR 108.50 103.33 103.33
EUR 107.99 102.85 102.85
EUR 108.01 102.87 102.87
EUR 108.29 103.13 103.13
EUR 108.27 103.11 103.11
EUR 108.61 103.44 103.44
EUR 108.63 103.46 103.46
EUR 108.48 103.31 103.31
EUR 108.49 103.32 103.32
EUR 108.56 103.39 103.39
EUR 108.61 103.44 103.44
EUR 108.84 103.66 103.66
EUR 109.05 103.86 103.86
EUR 109.07 103.88 103.88
EUR 109.00 103.81 103.81
EUR 109.24 104.04 104.04
EUR 109.50 104.29 104.29
EUR 109.47 104.26 104.26
EUR 109.49 104.28 104.28
EUR 109.45 104.24 104.24
EUR 109.66 104.44 104.44
EUR 109.69 104.47 104.47
EUR 109.69 104.47 104.47
EUR 109.68 104.46 104.46
EUR 109.61 104.39 104.39
EUR 109.50 104.29 104.29
EUR 109.56 104.34 104.34
EUR 109.52 104.30 104.30
EUR 109.40 104.19 104.19
EUR 109.32 104.11 104.11
EUR 109.29 104.09 104.09
EUR 109.27 104.07 104.07
EUR 109.24 104.04 104.04
EUR 109.27 104.07 104.07
EUR 109.14 103.94 103.94
EUR 108.68 103.50 103.50
EUR 108.69 103.51 103.51
EUR 108.82 103.64 103.64
EUR 108.84 103.66 103.66
EUR 108.54 103.37 103.37
EUR 108.61 103.44 103.44
EUR 108.63 103.46 103.46
EUR 109.02 103.83 103.83
EUR 109.03 103.84 103.84
EUR 109.33 104.12 104.12
EUR 109.31 104.10 104.10
EUR 109.42 104.21 104.21
EUR 109.26 104.06 104.06
EUR 109.34 104.13 104.13
EUR 109.31 104.10 104.10
EUR 109.27 104.07 104.07
EUR 109.38 104.17 104.17
EUR 109.26 104.06 104.06
EUR 109.50 104.29 104.29
EUR 109.49 104.28 104.28
EUR 109.43 104.22 104.22
EUR 109.78 104.55 104.55
EUR 110.02 104.78 104.78
EUR 110.19 104.94 104.94
EUR 110.13 104.89 104.89
EUR 110.20 104.95 104.95
EUR 110.12 104.88 104.88
EUR 110.12 104.88 104.88
EUR 110.18 104.93 104.93
EUR 110.19 104.94 104.94
EUR 110.18 104.93 104.93

Opportunities

  • Investing in funds can deliver an attractive result at a lower level of risk compared to a direct investment in equities.
  • Income can be generated from regular interest payments.
  • Convertible bonds can increase in value when equity markets rise.
  • Derivatives can be used to increase potential yields.
  • Investing in assets denominated in a foreign currency can have a positive impact on unit values as a result of exchange rate movements.

Risks

  • Investing in convertible bonds may entail price risks, especially in the case of rising interest rates on the capital markets.
  • Convertible bonds can decline in value when equity markets fall.
  • Country, credit and issuer liquidity risk. Also potential exchange rate risks. If securities are illiquid (i.e. thinly traded), there is a risk that it may either not be possible to sell the assets at all or only by accepting a significant discount
  • on the sale price.
  • Where used, derivatives can have a greater negative impact on the fund value than would be the case if the assets were acquired directly. This can affect the fund’s risk profile and volatility (tendency for the price to fluctuate).
  • The straight concentration on special markets can have a negative impact because of the dependent performance of these selected markets.
  • Investing in assets denominated in a foreign currency can have a negative impact on unit values as a result of exchange rate movements.

Information regarding use and limited distribution


The information on this website is intended exclusively for investors resident or domiciled in Switzerland. It is not intended for publication, use, or distribution to or by any person in a country other than Switzerland. In particular, this information is not intended for distribution within the United States of America (USA), to or on behalf of US citizens, or to or on behalf of US persons residing in the USA. The information regarding collective investment schemes on the following pages are limited to foreign collective investment schemes which have been approved by the Swiss Financial Market Supervisory Authority FINMA (“FINMA”) for distribution in or from Switzerland to non-qualified investors.

The content provided is for informational purposes only and does not constitute an offer or recommendation.