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BG Long Term Value Z-Share ISIN FR0010137646 | Equity

About the fund

Summary

BG Long Term Value was launched in December 2004. The Fund is a long only, Europe-focused, predominantly large cap, active stock picking Equity Fund.
BG Long Term Value aims at outperforming the Euro Stoxx 50® Net Return index.
The Investment philosophy is based on an event driven, fundamental value, stock picking approach.
The insight gained from the firm’s multi asset expertise provides the fund with a competitive advantage in the long only equity universe.
Primary return drivers consist of mispriced securities monetised through special situations and idiosyncratic events.

Portfolio Construction

The portfolio is predominantly built from the bottom up using a number of criteria related to investment sizing and risk-reward considerations. This is supplemented with a top-down process to ensure adherence to portfolio and risk guidelines including sector and geographic exposures and concentration.

The allocation of capital in the portfolio is dynamic. Each position competes for capital. Once an investment is established, the position is closely monitored on an ongoing basis. A holding will be sold when the discount to fair value has been realized or when the catalyst or event has occurred.

Typical Fund characteristics

  • Geography: Western Europe
  • Industry: All sectors
  • Market Cap: Predominantly large caps, usually 85%+ market cap > Eur 4bn
  • Number of Holdings: c.50 core positions
  • Average position size: ~ 2.5% (range: 1% to 7.5%)
  • Top 5 positions: ~20%
  • Cash: Usually less than 5%

Fund features

Inception Date 15 December 2004
ISIN Code Z-Share FR0010137646
Ticker Bloomberg FBGGLTV FP Equity
Currency EUR
Other available currencies USD, GBP
Benchmark Euro Stoxx 50® Net Return
Stoxx Europe 600® Net Return
Liquidity Daily
Cut off for transactions 02.00 pm (Luxembourg)
Minimum subscription 1 share
PEA
(Plan d'épargne en actions)
Eligible
Subscription fee Up to 3%
Redemption fee None
Management fee 2.03%
Performance fee None

2010 Fundinfo

NAV & performance at 07/05/2021

NAV3,115.46 EUR

WTD 1.8 %

MTD 1.8 %

YTD12.09 %

1 Year 3 years 5 years Since inception
(15/12/2004)
BG Long Term Value 37 % -0.59 % 33.19 % 211.55 %
Euro Stoxx 50® Net Return 43.12 % 22.36 % 55.7 % 120.98 %
Stoxx Europe 600® Net Return 34.54 % 24.13 % 52.88 % 181.47 %

 

Risk warning: Past performance is no guide to future performance. The value of holdings may fall as well as rise and investors may not get back their initial investment. Performance displayed is net of fees with income reinvested and is calculated on a NAV to NAV basis. Performance data is estimated and unaudited.
If the currency in which the past performance is displayed differs from the currency of the country in which you reside, due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
Source: Bloomberg, Boussard & Gavaudan.

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