BGF World Financials Fund

Equity

BGF World Financials Fund

  • NAV as of 13-Dec-19 HKD 106.50
    52 WK: 80.65 - 106.50
  • 1 Day NAV Change as of 13-Dec-19 1.38 (1.31%)

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in the shares of companies the main business of which is financial services.

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.

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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 is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 30-Sep-19

- - - - -2.86
Benchmark (%) Index: MSCI ACWI Financials Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 30-Sep-19

- - - - -0.32

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in HKD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

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Performance chart data not available for display.
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Share Class and Benchmark performance displayed in HKD. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 13-Dec-19 USD 717.949
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 29-Nov-19 49
Base Currency USD
Fund Launch Date 03-Mar-00
Inception Date 04-Apr-18
Asset Class Equity
Morningstar Category Other Equity
Benchmark Index MSCI ACWI Financials Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 1.84%
ISIN LU1791807156
Bloomberg Ticker BGWFA2H
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BFWDQ69
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment HKD 5000
Minimum Subsequent Investment HKD 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

1
2
3
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 29-Nov-19
Name Weight (%)
JPMORGAN CHASE & CO 5.99
AXA SA 5.22
BANK OF AMERICA CORP 4.56
CITIGROUP INC 4.55
MORGAN STANLEY 3.31
Name Weight (%)
ICICI BANK LTD 2.98
THUNDER BRIDGE ACQUISITION LOCK UP Prvt 2.87
PING AN INSURANCE (GROUP) CO OF CH 2.84
INDUSIND BANK LTD 2.82
CHINA MERCHANTS BANK LTD H 2.58
Holdings 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
Class A2 Hedged HKD None 106.50 1.38 1.31 106.50 80.65 - LU1791807156 - -
Class I2 EUR - 10.60 0.11 1.05 10.60 8.99 - LU2032644028 - -
Class AI2 EUR - 11.16 0.14 1.27 11.16 9.59 - LU1960223920 - -
Class A2 EUR None 27.87 0.29 1.05 27.87 20.44 - LU0171304719 - -
Class E2 EUR None 25.56 0.27 1.07 25.56 18.84 - LU0171305443 - -
Class A2 Hedged SGD None 11.79 0.15 1.29 11.79 8.96 - LU1668664300 - -
Class D2 EUR None 30.57 0.33 1.09 30.57 22.26 - LU0827889055 - -
Class E2 USD None 28.51 0.37 1.31 28.51 21.53 - LU0147401714 - -
Class C2 EUR None 22.35 0.23 1.04 22.35 16.59 - LU0331289321 - -
Class D2 USD None 34.09 0.45 1.34 34.09 25.44 - LU0329593262 - -
Class A2 USD None 31.08 0.40 1.30 31.08 23.36 - LU0106831901 - -
Class C2 USD None 24.93 0.33 1.34 24.93 18.96 - LU0147401128 - -
Class X2 USD None 16.81 0.22 1.33 16.81 12.43 - LU0988582291 - -

Portfolio Managers

Portfolio Managers

Vasco Moreno
Vasco Moreno
Director and portfolio manager

  

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Vasco Moreno, Director and portfolio manager, is a member of the London-based Global Equity team within the Fundamental Active Equity business of BlackRock’s Active Equity Group. The London-based Global Equity team and the Global Opportunities team together form the Global Equity Platform. He is the manager of the BGF World Financials Fund and is responsible for covering the financials sector.

Prior to joining the firm in 2015, Mr. Moreno was a Portfolio Manager at UBS O’Connor managing a financials portfolio. Previous to that, Vasco spent 9 years at Keefe Bruyette & Woods (KBW), which he joined as Head of European Research and Strategy, later promoted to CEO of the London operation. Prior to joining KBW in 2004, he was with Fox-Pitt Kelton as Head of European Banks Research with additional responsibility for European Investment Banking Strategy. The team was Extel ranked in the top 6 consistently during his tenure. Mr Vasco earned a finance degree from NYU Stern School of Business.

Literature

Literature