Summary
Boussard & Gavaudan Convertible seeks most of its exposure to European and North American companies through convertible bonds. The fund may also invest in convertibles bonds from countries outside these two economic areas, such as Japan.
The fund intends to capitalise on all the different drivers of Convertible bonds, not just Credit or Equity, but also all the other sources of performance such as Volatility, Special situations and Primary issuances.
A unique approach based on 20 years' experience
Management objectives
The investment objective of Boussard & Gavaudan Convertible is to provide capital growth over a long-term period by investing primarily in a diversified portfolio of convertible securities.
The fund aims to outperform the FTSE© Global Focus Hedged EUR index over a recommended investment horizon of 5 years.
Click here to open our SUSTAINABILITY-RELATED DISCLOSURES
| Inception Date | 02 April 2015 |
|---|---|
| ISIN Code P-Share | LU1209144648 |
| Ticker Bloomberg | BGCOPEU LX Equity |
| Currency | EUR |
| Other available currencies | USD, GBP, CHF |
| Benchmark | FTSE Convertible Global Focus Euro hedged |
| Liquidity | Daily |
| Cut off for transactions | 10.00 am (Luxembourg) |
| Minimum subscription | 1,000 |
| PEA (Plan d'épargne en actions) | Non eligible |
| Subscription fee | Up to 3% |
| Redemption fee | None |
| Management fee | 0.80% |
| Performance fee | None |
NAV1,337.06 EUR
WTD -0.09 %
MTD -1.29 %
YTD-0.58 %
| 1 Year | 3 years | 5 years |
Since inception (02/04/2015) |
|
|---|---|---|---|---|
| Boussard & Gavaudan Convertible | 5.37 % | 7.7 % | 35.64 % | 33.71 % |
| FTSE Convertible Global Focus Euro hedged | 9.04 % | 4.4 % | 29.88 % | 24.69 % |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD(1) | ITD(2) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.458 2.069 | -0.718 0.399 | -1.295 -0.293 | - | - | - | - | - | - | - | - | - | -0.576 2.175 | 33.706 24.695 |
| 2024 | -1.143 -1.505 | 1.793 0.568 | 2.216 1.688 | -2.665 -2.501 | 1.823 1.236 | 2.538 0.384 | -0.131 1.323 | 1.798 0.823 | 0.697 3.165 | -0.999 0.201 | 1.475 3.356 | 1.357 -1.827 | 8.965 6.941 | 34.48 22.04 |
| 2023 | 4.695 4.519 | -0.998 -2.248 | 0.865 0.128 | 0.973 -1.158 | -0.143 0.056 | 2.369 3.618 | 1.381 2.571 | -1.113 -3.071 | -2.564 -2.172 | -3.761 -3.21 | 6.283 4.299 | 4.427 4.577 | 12.59 7.642 | 23.416 14.119 |
| 2022 | -5.927 -4.138 | -3.264 -2.027 | 1.155 -0.634 | -4.145 -4.237 | -3.140 -3.784 | -6.748 -5.143 | 4.033 4.023 | -0.804 -0.721 | -5.165 -5.508 | 2.566 1.984 | 2.768 3.21 | -2.555 -1.933 | -19.886 -17.84 | 9.615 6.017 |
| 2021 | 0.673 0.253 | 1.351 3.017 | 0.222 -2.493 | 3.317 1.282 | -0.342 -0.802 | 2.575 1.422 | 1.017 -1.408 | 0.805 0.646 | -2.435 -1.516 | 3.110 1.526 | -0.888 -2.681 | 1.043 -0.902 | 10.8 -1.81 | 36.823 29.037 |
| 2020 | 0.672 1.608 | -1.632 -1.508 | -7.549 -9.087 | 6.019 6.105 | 2.053 5.295 | 1.342 2.724 | 2.523 3.451 | 4.895 2.519 | -2.319 -0.71 | -1.686 0.33 | 5.822 6.388 | 2.443 3.516 | 12.391 21.49 | 23.486 31.42 |
| 2019 | 1.845 3.616 | 0.517 2.192 | 1.231 -0.021 | 1.745 1.295 | -4.197 -3.204 | 3.206 2.413 | 1.369 0.831 | -0.200 -1.631 | 0.447 -0.029 | -0.044 0.95 | 1.402 1.404 | 0.349 2.044 | 7.754 10.11 | 9.872 8.171 |
| 2018 | 2.457 1.861 | -1.462 -1.093 | -2.029 -1.019 | 0.242 0.258 | -0.647 0.162 | -0.891 -0.448 | -1.971 -0.446 | -0.790 0.913 | -0.560 -0.166 | -1.025 -3.17 | -0.299 0.343 | -2.574 -2.677 | -9.222 -5.45 | 1.966 -1.761 |
| 2017 | -0.434 0.824 | 2.277 1.148 | 0.149 0.481 | 3.094 0.914 | 1.904 0.918 | -1.344 -0.628 | 0.515 0.631 | -1.567 -0.391 | 1.970 0.734 | 1.515 1.172 | -0.449 -0.454 | -0.545 -1.012 | 7.186 4.39 | 12.324 3.902 |
| 2016 | -2.128 -4.126 | -1.753 -1.069 | 3.069 2.663 | 1.049 0.26 | 1.566 0.599 | -1.518 -1.745 | 2.000 2.36 | 1.749 0.662 | 0.707 0.211 | -0.151 -0.197 | -0.946 -0.066 | 3.009 1.207 | 6.664 0.58 | 4.794 -0.47 |
| 2015 | - | - | - | -1.685 | 1.168 0.161 | -1.744 -2.052 | 1.284 -2.069 | -2.471 -2.35 | -1.270 -3.708 | 3.556 3.031 | 0.224 4.461 | -0.681 -1.385 | -1.753 -1.04 | -1.753 -1.04 |
(1) YTD = Aggregate return for the year to date
(2) ITD = Aggregate return from inception to date
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.
