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

0.38 %

1 Year rank in sector

71/77

Sector

FO Convertible

Yield
-
Fund size

£ 119.8 m

FE Risk score

56

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    27.3%
  • Germany
    24.3%
  • Italy
    11.5%
  • UK
    10.6%
  • Netherlands
    9.2%
  • Financials
    19.5%
  • Telecommunications
    17.1%
  • Industrials
    12.7%
  • Consumer Staples
    11.8%
  • Consumer Discretionary
    10.6%
  • French Fixed Interest
    27.3%
  • German Fixed Interest
    24.3%
  • Italian Fixed Interest
    11.5%
  • UK Fixed Interest
    10.6%
  • Dutch Fixed Interest
    9.2%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.45 %-0.35 %0.38 %-0.31 %13.67 %
Sector2.05 %2.67 %5.95 %10.89 %24.41 %
Rank within sector59 / 7965 / 7871 / 7765 / 6645 / 52
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Calendar performance

YTD-20182017201620152014
Fund1.22 %-0.77 %-3.61 %3.3 %1.91 %
Sector1.44 %5.22 %0.75 %2.92 %2.27 %
Rank within sector52 / 7872 / 7772 / 7324 / 6544 / 59
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Risk statistics

Alpha-3.84
Beta1.24
Sharpe-0
Volatility7.58
Tracking error3.67
Information ratio-0.89
R-Squared0.79

Price movement

52 week high1730.85
52 week low1660.28
Current bid price0
Current offer price0
Current mid price1689.74

Holdings by region

  • 27.3% France
  • 24.3% Germany
  • 11.5% Italy
  • 10.6% UK
  • 9.2% Netherlands
  • 6.6% Others
  • 3.3% USA
  • 2.9% Austria
  • 2.8% Spain
  • 1.5% Luxembourg

Holdings by sector

  • 19.5% Financials
  • 17.1% Telecommunications
  • 12.7% Industrials
  • 11.8% Consumer Staples
  • 10.6% Consumer Discretionary
  • 9.6% Technology
  • 7.6% Materials
  • 3.9% Money Market
  • 3.8% Energy
  • 3.4% Utilities

Holdings by asset type

  • 27.3% French Fixed Interest
  • 24.3% German Fixed Interest
  • 11.5% Italian Fixed Interest
  • 10.6% UK Fixed Interest
  • 9.2% Dutch Fixed Interest
  • 6.6% Global Fixed Interest
  • 3.3% US Fixed Interest
  • 2.9% Austrian Fixed Interest
  • 2.8% Spanish Fixed Interest
  • 1.5% Luxembourg Fixed Interest

Individual holdings

  • 5.8% TELECOM ITALIA SPA 1.1% 26.03.2022
  • 4.4% AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR100000
  • 3.9% SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD250000
  • 3.2% TOTAL. 0.5% 02.12.2022
  • 2.9% BALFOUR BEATTY 1.9% 03.12.2018
  • 2.7% VALEO 0% CNV BDS 16/06/21 USD200000
  • 2.6% BENI STAB. SIIQ 0.9% 31.01.2021
  • 2.6% DEUTSCHE WOHNEN SE 0.325% CNV BDS 26/07/24 EUR100000
  • 2.5% DEUTSCHE WOHNEN 0.6% 05.01.2026
  • 2.5% STEINHOFF FINANCE HOLDING GMBH 1.25% CNV BDS 11/08/22 EUR100000 REG S