Equity

BSF European Absolute Return Fund

Overview

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 Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent.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
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

0.92 8.07 -7.33 3.40 3.88
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.
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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of Feb 15, 2019 EUR 1,788.697
Base Currency Euro
Fund Inception Date Feb 27, 2009
Share Class Inception Date Apr 30, 2009
Asset Class Equity
Morningstar Category Alt - Market Neutral - Equity
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0414666189
Bloomberg Ticker BLEURD2
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B595DQ7
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
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 Jan 31, 2019
Name Weight (%)
NOVO NORDISK A/S 3.28
LONZA GROUP AG 2.87
RELX PLC 2.43
DSV A/S 2.20
FRESENIUS MEDICAL CARE AG & CO KGAA 2.19
Name Weight (%)
SIKA AG 2.15
SAFRAN SA 2.12
STRAUMANN HOLDING AG 1.98
DCC PLC 1.73
ASSOCIATED BRITISH FOODS PLC 1.63
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2019

% of Market Value

Type Long Short Net
as of Jan 31, 2019

% of Market Value

Type Long Short Net
as of Jan 31, 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
D2 EUR Accumulating 138.06 0.02 0.01 138.32 131.43 - LU0414666189 - -
I2 EUR Accumulating 140.18 0.03 0.02 140.38 133.24 - LU0776931064 - -
D2 Hgd GBP Accumulating 143.86 0.03 0.02 143.86 135.60 - LU0802637750 - -
E2 EUR Accumulating 127.85 -0.01 -0.01 128.32 122.20 - LU0414665884 - -
A2 EUR Accumulating 132.97 0.02 0.02 133.30 126.77 - LU0411704413 - -
D2 Hgd CHF Accumulating 134.80 0.08 0.06 135.07 128.54 - LU0748867792 - -
A4 EUR Annual 132.91 0.02 0.02 133.25 126.62 - LU0414668557 - -
D4 EUR Annual 135.81 0.03 0.02 136.06 129.24 - LU0827970921 - -

Portfolio Managers

Portfolio Managers

David Tovey
David Tovey
Stefan Gries
Stefan Gries

Literature

Literature