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Equity

BSF European Diversified Equity 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 Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent.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.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

  • Returns

  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
From
31-Dec-2018
To
31-Dec-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Dec-19

4.59 -11.82 1.22 -19.88 5.93
  1y 3y 5y 10y Incept.
0.81 -4.46 -4.26 - 0.31
  YTD 1m 3m 1y 3y 5y 10y Incept.
1.95 1.95 4.79 0.81 -12.80 -19.54 - 3.01

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 EUR, hedged Share Class Benchmark performance is displayed in EUR.

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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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 21-Feb-20 EUR 6.434
Base Currency Euro
Fund Launch Date 06-Aug-10
Share Class launch date 06-Aug-10
Asset Class Equity
Morningstar Category Alt - Market Neutral - Equity
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0525202155
Bloomberg Ticker BSEDA2E
Initial Charge 5.00%
Performance Fee 20.00%
SEDOL B461Q28
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

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Holdings

Holdings

as of 31-Jan-20
Name Weight (%)
PSP SWISS PROPERTY AG 4.73
PERNOD-RICARD SA 4.73
NN GROUP NV 4.65
RELX PLC 4.50
SOLVAY SA 4.34
Name Weight (%)
REXEL SA 4.02
ITALGAS SPA 3.84
ALLIANZ SE 3.82
LOREAL SA 3.70
TAG IMMOBILIEN AG 3.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-20

% 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
Class A2 EUR None 102.66 -0.15 -0.15 104.86 95.16 - LU0525202155 - -
Class I2 EUR None 110.62 -0.16 -0.14 112.93 102.16 - LU0525202585 - -
Class D2 USD None 115.09 -0.16 -0.14 117.31 105.16 - LU0526378483 - -
Class A2 Hedged GBP None 108.20 -0.16 -0.15 110.41 99.90 - LU0526376511 - -
Class A2 Hedged SEK None 105.26 -0.16 -0.15 107.50 97.53 - LU0539767862 - -
Class D2 Hedged GBP None 115.71 -0.15 -0.13 118.02 105.85 - LU0526377089 - -
Class D2 Hedged CHF None 77.82 -0.11 -0.14 79.46 72.08 - LU1238068677 - -
Class D2 EUR None 105.88 -0.15 -0.14 108.11 97.91 - LU0525202312 - -
Class A2 Hedged CHF None 99.03 -0.14 -0.14 101.14 91.88 - LU0589446961 - -

Portfolio Managers

Portfolio Managers

Robert Fisher
Robert Fisher
Simon Weinberger
Simon Weinberger

Literature

Literature