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
| 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 | 15%* |
*including tax of the Compartment’s outperformance compared to the best performance between zero, the Euro Stoxx 50® Net Return and the Stoxx® Europe 600 Net Return on the base period.
2018 Lipper Award for Best Fund Over 10 Years Equity Eurozone
2017 Lipper Award for Best Fund Over 10 Years Equity Eurozone
2016 Lipper Award for Best Fund Over 10 Years Equity Eurozone
2011 Lipper Award (France) for Best Equity Europe Fund
2010 Fundinfo
2010 Lipper Award (France) for Best Equity Europe Fund
NAV2,739.33 EUR
WTD -1.9 %
MTD -1.45 %
YTD-1.45 %
| 1 Year | 3 years | 5 years |
Since inception (15/12/2004) |
|
|---|---|---|---|---|
| BG Long Term Value | -13.94 % | -11.71 % | 19.62 % | 173.93 % |
| Euro Stoxx 50® Net Return | -4.06 % | 5.47 % | 34.65 % | 92.83 % |
| Stoxx Europe 600® Net Return | -2.33 % | 9.97 % | 37.81 % | 153.7 % |
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.
