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

4 %

1 Year rank in sector

65/78

Sector

FO Convertible

Yield
-
Fund size

£ 119.8 m

FE Risk score

53

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    36.5%
  • Others
    13.4%
  • Netherlands
    12.8%
  • Italy
    10.2%
  • Germany
    7.6%
  • Financials
    23.2%
  • Telecommunications
    14.7%
  • Money Market
    13.2%
  • Real Estate
    9.2%
  • Industrials
    9%
  • French Fixed Interest
    36.5%
  • Global Fixed Interest
    13.4%
  • Dutch Fixed Interest
    12.8%
  • Italian Fixed Interest
    10.2%
  • German Fixed Interest
    7.6%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.05 %-1.19 %4 %0.82 %20.94 %
Sector0.25 %2.17 %7.04 %9.67 %28.2 %
Rank within sector57 / 8170 / 7965 / 7865 / 6536 / 52
Quartile th3 rd4 th4 th4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund0.96 %-3.61 %3.3 %1.91 %13.94 %
Sector5.63 %0.75 %2.92 %2.27 %11.66 %
Rank within sector73 / 7976 / 7725 / 6844 / 6015 / 53
Quartile th4 th4 th2 nd3 rd2 nd

Risk statistics

Alpha-3.32
Beta1.23
Sharpe-0
Volatility7.58
Tracking error3.61
Information ratio-0.72
R-Squared0.8

Price movement

52 week high1730.85
52 week low1626.06
Current bid price0
Current offer price0
Current mid price1698.39

Holdings by region

  • 36.5% France
  • 13.4% Others
  • 12.8% Netherlands
  • 10.2% Italy
  • 7.6% Germany
  • 4.5% Mexico
  • 4.3% Austria
  • 4.3% Spain
  • 3.6% Luxembourg
  • 2.8% Jersey

Holdings by sector

  • 23.2% Financials
  • 14.7% Telecommunications
  • 13.2% Money Market
  • 9.2% Real Estate
  • 9% Industrials
  • 8.7% Technology
  • 8.6% Consumer Discretionary
  • 5.4% Energy
  • 4.9% Materials
  • 3.1% Utilities

Holdings by asset type

  • 36.5% French Fixed Interest
  • 13.4% Global Fixed Interest
  • 12.8% Dutch Fixed Interest
  • 10.2% Italian Fixed Interest
  • 7.6% German Fixed Interest
  • 4.5% Mexican Fixed Interest
  • 4.3% Austrian Fixed Interest
  • 4.3% Spanish Fixed Interest
  • 3.6% Luxembourg Fixed Interest
  • 2.8% UK Fixed Interest

Individual holdings

  • 5.5% STMICROELECTRONICS 03.07.2024
  • 5% TELECOM ITALIA SPA 1.1% 26.03.2022
  • 4.5% AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR100000
  • 4.4% TOTAL SA 0.5% NON DILUT CNV BD 02/12/22(TOTAL)USD
  • 3.9% SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD250000
  • 3.3% TELEFONICA 09.03.2021
  • 3.2% VALEO 0% CNV BDS 16/06/21 USD200000
  • 2.9% ORANGE 0.4% 27.06.2021
  • 2.6% DEUTSCHE POST AG 0.6% CNV BDS 06/12/19(DT POST)EUR100000
  • 2.6% DEUTSCHE WOHNEN SE 0.325% CNV BDS 26/07/24 EUR100000