Objetivo

Busca unos ingresos sostenibles con una revalorización modesta del capital. Se centra principalmente en títulos de deuda soberana, supranacional, corporativa e hipotecaria, incluyendo titulizaciones, con grado de inversión, de todo el mundo.

Estrategia

Pone énfasis en la exposición global de países y emisores a empresas con una salud financiera que mejora en relación con sus pares; combina el análisis cuantitativo y de fundamentos para tratar de optimizar la estructura de cartera por distintos países, divisas, duraciones y exposiciones a la curva de rentabilidad — utiliza un enfoque de arriba abajo/de abajo arriba para determinar los sectores y los emisores.

Datos del fondo
Gestor de activos
  • Degroof Petercam Asset Management, Brussels, Belgium
Referencia Bloomberg Barclays Global Aggregate Bond Index
Fecha de inicio del fondo 12 de julio de 2010
Inversión mínima €50,000
Ratio de gastos 0.85
ISIN IE00B3DD4X73

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

Últimos 3
Months
1
Yr
3
Yrs
5
Yrs
10
Yrs
Since
Inception
Inception
Date
World Bond Fund 3.21 9.37 0.82 4.57 * 3.10 01/01/1970
Bloomberg Barclays Global Aggregate Bond Index 1.85 8.52 0.79 5.00 * 3.74 01/01/1970

Characteristics as of 30/06/2019

Estadísticas Fondo Índice
Average Maturity 9.8 years 8.8 years
Effective Duration 7.0 years 7.0 years
Yield to Maturity 2.3% 1.5%
Current Yield 2.8% 2.5%
Average Credit Quality A A+
# of securities 146 23,706
Fund Size (EUR Class) € 197.2MM
Duración efectiva Fondo Índice
0-1 years 2.0 1.9
1-3 years 13.6 26.5
3-5 years 21.6 24.4
5-7 years 22.8 13.0
7-10 years 14.4 12.2
10-20 years 24.4 17.5
> 20 Years 1.1 4.5
Calidad crediticia Fondo Índice
AAA 33.6 39.8
AA 5.3 15.4
A 18.8 26.9
BBB/BAA 31.7 17.3
< BBB/NR 9.2 0.6
Cash 1.3 0.0
Sector Fondo Índice Dif.
Treasuries 48.0 54.1 -6.0
Agency 1.4 5.8 -4.4
Industrials 18.3 10.4 8.0
Finance 24.9 7.1 17.9
Local Authority 0.0 3.0 -3.0
Utilities 2.2 1.5 0.7
Supranational 0.6 2.1 -1.6
Sovereign 3.3 1.2 2.1
Covered 0.0 2.7 -2.7
MBS 0.0 11.2 -11.2
CMO 0.0 0.0 0.0
CMBS 0.0 0.8 -0.8
ABS 0.0 0.2 -0.2
Cash 1.3 0.0 1.3
País Fondo Índice
France 5.1 5.9
Germany 1.4 4.5
Italy 4.6 3.5
United Kingdom 5.4 5.2
Japan 1.1 16.7
Canada 2.4 3.4
United States 40.3 39.9
Other Developed Europe 22.5 11.8
Other Developed Asia 2.9 2.1
Other Emerging Asia 1.1 3.9
Other Emerging Markets 13.2 3.1
Bloque monetario Fondo Índice
Dollar 41.4 45.0
Euro 37.7 24.3
UK Pound 2.0 4.6
Yen 0.0 16.4
Other* 18.9 9.6
  • Q2 2019 Performance Review

    3-MONTH REVIEW

    • The Fund’s shorter duration positioning versus the benchmark was positive for the quarter.
    • Curve positioning was flat for the quarter.
    • Sector allocation resulted added to relative performance, with an overweight to Finance was the primary driver of positive contribution.

    12-MONTH REVIEW

    • The Fund’s higher relative weight to longer duration Euro currency, benefited results.
    • Yield curve positioning benefitted the portfolio, as longer maturities produced the highest contributions to returns.
    • Sector allocation provided strong results as the Fund’s overweights to Corporates and Sovereign were beneficial.
    • Security selection was relatively flat but did provide a slight contribution to outperformance.
  • Hoja de datos del fondo

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