Objetivo

Buscar instrumentos generadores de rentabilidad como las obligaciones de los gobiernos europeos y valores corporativos europeos de alta calidad.

Estrategia

Diversificar a través de los valore de renta ficha a corto plazo principalmente obligaciones gubernamentales. Se puede incluir obligaciones zero coupon, instrumentos del mercado monetario, contratos “futures” y contratos de cambio a plazo a efectos de administrar la duración de la cartera y obtener una ejecución mas rentable.

Datos del fondo
Gestor de activos
  • ARCA Fondi SGR SpA, Milan, Italy(Since 1/1/95)
Referencia Bloomberg Barclays Euro Aggregate: 80 % Treasury (1-3 Yr) Index / 20% Corporate (1-3 Yr) Index
Fecha de inicio del fondo 6 de mayo de 2009
Inversión mínima €50,000
Ratio de gastos 0.45
ISIN IE00B3R5XB01

Additional Facts

Desde el 1 de junio 2017 il la referencia por el European Short Bond Fund se ha cambiada en 80% de l’indice Bloomberg Barclays Euro Aggregate Treasury (1-3 yr) y 20% de l’indice Bloomberg Barclays Euro Aggregate Corporate (1-3 yr). Para el periodo anterior el 1 junio 2017 la referencia era el indice Bloomberg Barclays European Government (1-3 yr).

Rentabilidades totales medias anuales
(%) a 30/09/2019

Últimos 3
Months
1
Yr
3
Yrs
5
Yrs
10
Yrs
Since
Inception
Inception
Date
European Short-Term Government Bond Fund 0.22 0.42 -0.26 0.01 1.19 1.20 01/01/1970
BB Euro Aggregate: 80 % Treasury (1-3 Yr) / 20% Corporate (1-3 Yr) Index 0.32 0.74 0.21 0.49 1.71 1.73 01/01/1970

Characteristics as of 30/06/2019

Estadísticas Fondo Índice
Average Maturity 2.2 years 2.0 years
Effective Duration 1.9 years 1.9 years
Yield to Maturity -0.1% -0.3%
Current Yield 1.8% 2.0%
Average Credit Quality A- A
# of securities 120 693
Fund Size (EUR Class) € 49.0MM
Calidad crediticia Fondo Índice
AAA/Aaa 15.3 19.0
AA/Aa 27.2 29.8
A 6.4 8.5
BBB/Baa 49.7 42.7
< BBB/BAA 0.7 0.1
Cash 0.8 0.0
Duración efectiva Fondo Índice
0 - 1 Years 17.4 4.7
1 - 3 Years 80.7 95.3
3 - 5 Years 1.5 0.0
5 - 7 Years 0.4 0.0
Título de país Descripción del título % peso
France 26.9 23.9
Germany 14.1 17.5
Italy 26.0 19.4
United Kingdom 1.6 2.7
Japan 0.0 0.1
Canada 0.0 0.1
United States 0.6 2.4
Other Developed Europe 30.4 32.3
Other Developed Asia 0.0 0.8
Other Emerging Asia 0.0 0.0
Other Emerging Markets 0.3 0.8
Exposición al país Fondo Índice
France 22.3 22.9
Germany 13.4 17.4
Italy 28.7 21.6
United Kingdom 3.3 2.9
Japan 0.0 0.2
Canada 0.0 0.2
United States 2.0 2.7
Other Developed Europe 29.8 30.6
Other Developed Asia 0.0 0.7
Other Emerging Asia 0.0 0.1
Other Emerging Markets 0.4 0.7
Bloque monetario Fondo Índice
Dollar 0.0 0.0
Euro 100.0 100.0
UK Pound 0.0 0.0
Other 0.0 0.0
  • Q2 2019 Performance Review

    3-MONTH REVIEW

    • The Fund’s shorter duration detracted from relative performance as short-term rates declined during the period.
    • Curve positioning was slightly positive.
    • Sector allocation was neutral for the trailing three months.
    • Security selection was beneficial due to the Fund’s continued overweight position in Italian bonds.

    12-MONTH REVIEW

    • Duration was defensively positioned throughout the year; however, rates declined, which caused a drag on results.
    • Curve positioning was additive.
    • Sector allocation was negative due primarily to the Fund’s exposure to Financials and poor performing French and German bonds.
    • Security selection was positive as 1-year, 2-year and 4-year issues performed well. Conversely, securities in the 3-year maturity bucket offset most of the gains.

     

  • Hoja de datos del fondo

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