Fact sheet: UBAM Convertibles Europe

Fund information

Fund name
UBAM Convertibles Europe AC EUR
Fund company manager
Union Bancaire Privee
Fund type
SIB
Fund manager(s)
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

2.87 %

1 Year rank in sector

68/77

Sector

FO Convertible

Yield
-
Fund size

£ 130.5 m

FE Risk score

52

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Germany
    28.23%
  • France
    25.26%
  • Others
    11.1%
  • Italy
    8.33%
  • Netherlands
    5.93%
  • Industrials
    15%
  • Financials
    14.7%
  • Consumer Staples
    13.3%
  • Telecommunications
    13.3%
  • Materials
    10.8%
  • German Fixed Interest
    28.23%
  • French Fixed Interest
    25.26%
  • Global Fixed Interest
    11.1%
  • Italian Fixed Interest
    8.33%
  • Dutch Fixed Interest
    5.93%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.83 %0.59 %3.09 %6.21 %19.85 %
Sector1.19 %3.31 %6.75 %13.81 %27.35 %
Rank within sector55 / 8072 / 7868 / 7761 / 6339 / 52
Quartile th3 rd4 th4 th4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund1.28 %-3.61 %3.3 %1.91 %13.94 %
Sector5.63 %0.75 %2.92 %2.27 %11.66 %
Rank within sector72 / 7875 / 7625 / 6844 / 6015 / 53
Quartile th4 th4 th2 nd3 rd2 nd

Risk statistics

Alpha-3.09
Beta1.23
Sharpe-0
Volatility7.53
Tracking error3.62
Information ratio-0.7
R-Squared0.8

Price movement

52 week high1730.85
52 week low1626.06
Current bid price0
Current offer price0
Current mid price1703.74

Holdings by region

  • 28.23% Germany
  • 25.26% France
  • 11.1% Others
  • 8.33% Italy
  • 5.93% Netherlands
  • 4.98% UK
  • 4.59% Spain
  • 4.3% Money Market
  • 2.87% USA
  • 2.3% Portugal

Holdings by sector

  • 15% Industrials
  • 14.7% Financials
  • 13.3% Consumer Staples
  • 13.3% Telecommunications
  • 10.8% Materials
  • 9.1% Energy
  • 9% Consumer Discretionary
  • 6.3% Technology
  • 4.3% Money Market
  • 4.2% Utilities

Holdings by asset type

  • 28.23% German Fixed Interest
  • 25.26% French Fixed Interest
  • 11.1% Global Fixed Interest
  • 8.33% Italian Fixed Interest
  • 5.93% Dutch Fixed Interest
  • 4.98% UK Fixed Interest
  • 4.59% Spanish Fixed Interest
  • 4.3% Money Market
  • 2.87% US Fixed Interest
  • 2.3% Portuguese Fixed Interest

Individual holdings

  • 5.2% STMICROELECTRONICS 03.07.2024
  • 3.9% TOTAL SA 0.5% NON DILUT CNV BD 02/12/22(TOTAL)USD
  • 3.4% SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD250000
  • 3.1% TELECOM ITALIA SPA 1.1% 26.03.2022
  • 3% AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR100000
  • 2.8% VALEO 0% CNV BDS 16/06/21 USD200000
  • 2.4% STEINHOFF FINANCE HOLDING GMBH 1.25% CNV BDS 11/08/22 EUR100000 REG S
  • 2.3% BRENNTAG FIN. 1.9% 02.12.2022
  • 2.3% PARPUBLICA-PARTICPACOES PUBLIC SGPS 5.25% CNV BDS 28/09/17(GALP ENERGIA SGPS
  • 2.3% RAG-STIFTUNG 0% CNV BDS 31/12/18 EUR1000000