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Equity

BSF European Absolute Return Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both 'long' and 'synthetic short' positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general stock market trends as both positive and negative share movements affect the overall value of the fund. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund.
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Performance

Performance

  • Returns

  From
30-Sep-2014
To
30-Sep-2015
From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Sep 30, 2019

6.93 -1.11 -1.61 2.21 2.79
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
View full chart

Reinvestments

This fund does not have any distributions data as of now.

Key Facts

Key Facts

Size of Fund (Millions) as of Oct 15, 2019 EUR 1,590.601
Base Currency Euro
Fund Inception Date Feb 27, 2009
Share Class Inception Date Feb 27, 2009
Asset Class Equity
Morningstar Category Alt - Market Neutral - Equity
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0411704413
Bloomberg Ticker BLEURAA
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B4Y52B3
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating

Ratings

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
ROYAL UNIBREW A/S 4.10
NOVO NORDISK A/S 3.58
SAFRAN SA 3.10
DSV A/S 3.02
LONZA GROUP AG 2.93
Name Weight (%)
RELX PLC 2.78
SIKA AG 2.34
STRAUMANN HOLDING AG 2.29
EXPERIAN PLC 1.78
DCC PLC 1.74
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value

Type Long Short Net
as of Sep 30, 2019

% of Market Value

Type Long Short Net
as of Sep 30, 2019

% of Market Value

Type Long Short Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A2 EUR Accumulating 134.28 -0.02 -0.01 136.90 130.10 - LU0411704413 - -
E2 EUR Accumulating 128.72 -0.02 -0.02 131.44 125.09 - LU0414665884 - -
I2 EUR Accumulating 142.25 -0.02 -0.01 144.66 137.30 - LU0776931064 - -
D4 EUR Annual 137.57 -0.02 -0.01 140.03 132.97 - LU0827970921 - -
D2 EUR Accumulating 139.86 -0.02 -0.01 142.35 135.18 - LU0414666189 - -
A4 EUR Annual 134.23 -0.02 -0.01 136.85 129.95 - LU0414668557 - -
D2 Hgd GBP Accumulating 147.06 -0.01 -0.01 149.17 140.37 - LU0802637750 - -
D2 Hgd CHF Accumulating 136.03 -0.02 -0.01 138.74 131.89 - LU0748867792 - -

Portfolio Managers

Portfolio Managers

David Tovey
David Tovey
Stefan Gries
Stefan Gries

Literature

Literature

 

 

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Financial professional
I professionally manage portfolios on behalf of individual investors and provide financial advisory services. Examples of financial professionals include financial advisors, private bankers, etc.

Institutional investor
I professionally manage portfolios on behalf of institutions such as pension funds, sovereign funds, insurance companies, etc.

Individual investor
I buy and sell securities for my personal account, not for another company or organization. I am not a financial professional nor an institutional investor.