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Boussard & Gavaudan Convertible P-Share ISIN LU1209144648 | Convertible bonds

About the fund

Summary

Boussard & Gavaudan Convertible aims to provide an exposure to the European and North American Convertible bond universe. The fund aims to exploit all the different drivers of Convertible bonds, and not only Credit or Equity, but also all the other performance sources exploited usually by the Arbitrageurs with Volatility, Special situations and Primary issuance. The fund relies on more than 15 years of Boussard & Gavaudan expertise on modelisation tools, fundamental research and seasoned trading teams in Europe.

Portfolio Construction

Will depend on investment opportunities, mostly based on internal fundamental research and CB selection combined with risk management parameters.
At least 2/3 of the Fund’s net assets will be invested in convertible securities (including credit securities) or other debt securities issued by (or referencing) companies (i) domiciled or operating in Europe and North America or (ii) within groups conducting a majority of their activities in Europe and North America.
The Fund may also have exposure to other transferable securities such as, but not limited to, equities, CFDs, warrants, rights, callable asset swaps, equity options, index options, index futures, forwards, and exchange-traded funds (ETFs).

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 recommended investment horizon is three to five years.

 

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Fund features

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

NAV & performance at 28/05/2024

NAV1,268.04 EUR

WTD 0.26 %

MTD 2.62 %

YTD2.75 %

1 Year 3 years 5 years Since inception
(02/04/2015)
Boussard & Gavaudan Convertible 9.04 % -2.47 % 22.19 % 26.8 %
FTSE Convertible Global Focus Euro hedged 5.91 % -14.32 % 11.09 % 13.89 %

 

Monthly Performance Record (%)

Boussard & Gavaudan Convertible
FTSE Convertible Global Focus Euro hedged
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD(1) ITD(2)
2024 -1.143 -1.505 1.793 0.568 2.216 1.688 -2.665 -2.501 2.624 1.625 - - - - - - - 2.745 -0.197 26.804 13.895
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.

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