Fact sheet: UBAM Convertibles Europe

Fund information
Fund name
UBAM Convertibles Europe AC EUR
Fund manager company
Union Bancaire Privee
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of European convertible bonds. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. UBAM Convertibles Europe aims to profit from more than 50% of European equity market rises whilst suffering the effects of less than 50% of the downward movements, all other things being equal. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
  • No Specified Index
Investment style
Active
Investment method
Convertibles
Quick stats
1 Year return
3.1%
1 Year rank in sector
71/73
Sector
FO Convertible
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.38%
Fund size
£365m (£649m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
53
Top in this sector
Fund name1 Year
Man Convertibles Am18%
Swisscanto (LU) Bond COCO15.3%
CQS Global Convertible UCITS14.6%
Franklin Gl Cnvtl Secrts14.2%
Principal GIF SpcGlCapSec12.7%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Germany31.8%
    France19.2%
    Others11.1%
    Italy8.7%
    UK8.7%
  • Industrials22.8%
    Consumer Staples19.8%
    Energy14.3%
    Consumer Discretionary11.4%
    Financials9.3%
  • German Fixed Interest31.8%
    French Fixed Interest19.2%
    Global Fixed Interest11.1%
    Italian Fixed Interest8.7%
    UK Fixed Interest8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%1.2%5.1%3.1%0.6%31.8%
Sector1.5%1.6%5%7.3%7%32.2%
Rank within sector26 / 7347 / 7335 / 7371 / 7358 / 6129 / 52
Quartile2nd3rd2nd4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund2%-3.6%3.3%1.9%13.9%
Sector3.7%0.7%2.9%2.3%11.7%
Rank within sector62 / 7372 / 7224 / 6844 / 6115 / 54
Quartile4th4th2nd3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.42
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.21
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
7.6
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.67
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.55
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.79
Price movement
52 week high1730.85
52 week low1590.19
Current bid price-
Current offer price-
Current mid price1716.14
Region
1Germany31.76%
2France19.2%
3Others11.1%
4Italy8.68%
5UK8.68%
6Spain4.82%
7Money Market3.5%
8Hungary3.47%
9Portugal3.28%
Industry sector
1Industrials22.8%
2Consumer Staples19.8%
3Energy14.3%
4Consumer Discretionary11.4%
5Financials9.3%
6Materials9.3%
7Telecommunications4.5%
8Technology3.8%
9Money Market3.7%
Asset type
1German Fixed Interest31.76%
2French Fixed Interest19.2%
3Global Fixed Interest11.1%
4Italian Fixed Interest8.68%
5UK Fixed Interest8.68%
6Spanish Fixed Interest4.82%
7Money Market3.5%
8Hungarian Fixed Interest3.47%
9Portuguese Fixed Interest3.28%
Individual holdings
1AIRBUS GROUP SE 0% BDS 14/06/21 EUR1000005.1%
2SIEMENS FINANCIERINGSMAAT NV 1.05% BDS 16/08/17 USD2500004.8%
3TOTAL. 0.5% 02.12.20224.2%
4MNV ZRT 3.375% CNV BDS 02/04/19 EUR1000004%
5STEINHOFF FINANCE HOLDING GMBH 4% CNV BDS 30/01/21 EUR1000004%
6INDUSTRIVAERDEN 0.0% 15.05.20193.8%
7STMICROELECTRONICS 03.07.20193.7%
8VALEO 0% CNV BDS 16/06/21 USD2000003.7%
9ENI 0% CNV BDS 13/04/22 EUR1000003.5%
Management
Fund manager group
Union Bancaire Privee
Fund manager company
Union Bancaire Privee
Fund type
Offshore Fund
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of European convertible bonds. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. UBAM Convertibles Europe aims to profit from more than 50% of European equity market rises whilst suffering the effects of less than 50% of the downward movements, all other things being equal. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
  • No Specified Index
Investment style
Active
Investment method
Convertibles
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Offshore, Singapore
UBAM Convertibles Europe AC EUR
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price1716.14
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGXG9
UBAM Convertibles Europe AD EUR
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1123.43
CurrencyEUR
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBUY
UBAM Convertibles Europe AHC CHF
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1590.55
CurrencyCHF
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMWN6
UBAM Convertibles Europe AHC USD
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1860.4
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGV1T
UBAM Convertibles Europe AHD GBP
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1441.63
CurrencyGBP
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI0Q5
UBAM Convertibles Europe AHD USD
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1701
CurrencyUSD
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGV1U
UBAM Convertibles Europe UC EUR
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1023.02
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVMI
UBAM Convertibles Europe UHC GBP
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1212.74
CurrencyGBP
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ88U
UBAM Convertibles Europe UHD GBP
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1162.45
CurrencyGBP
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ5XE
Data provided by

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