Fact sheet: UBAM Convertibles Europe

Fund information

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

3.07 %

1 Year rank in sector

68/75

Sector

FO Convertible

Yield
-
Fund size

£ 202.5 m

FE Risk score

55

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Germany
    31.5%
  • France
    20.2%
  • Others
    13.5%
  • UK
    9%
  • Italy
    8.2%
  • Industrials
    19.9%
  • Consumer Staples
    19.5%
  • Energy
    14.2%
  • Financials
    13.1%
  • Materials
    9.9%
  • German Fixed Interest
    31.5%
  • French Fixed Interest
    20.2%
  • Global Fixed Interest
    13.5%
  • UK Fixed Interest
    9%
  • Italian Fixed Interest
    8.2%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.82 %1.12 %2.96 %0.65 %24.91 %
Sector0.26 %3.78 %6.99 %7.65 %30.18 %
Rank within sector67 / 7567 / 7568 / 7560 / 6236 / 54
Quartile th4 th4 th4 th4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund0.85 %-3.61 %3.3 %1.91 %13.94 %
Sector4.41 %0.75 %2.92 %2.27 %11.66 %
Rank within sector68 / 7573 / 7424 / 6945 / 6216 / 55
Quartile th4 th4 th2 nd3 rd2 nd

Risk statistics

Alpha-2.51
Beta1.22
Sharpe-0
Volatility7.59
Tracking error3.64
Information ratio-0.61
R-Squared0.8

Price movement

52 week high1730.85
52 week low1626.06
Current bid price0
Current offer price0
Current mid price1696.54

Holdings by region

  • 31.5% Germany
  • 20.2% France
  • 13.5% Others
  • 9% UK
  • 8.2% Italy
  • 5.5% Spain
  • 3.7% Portugal
  • 3.1% Hungary
  • 2.8% Finland
  • 2.5% Netherlands

Holdings by sector

  • 19.9% Industrials
  • 19.5% Consumer Staples
  • 14.2% Energy
  • 13.1% Financials
  • 9.9% Materials
  • 9.5% Consumer Discretionary
  • 4.8% Telecommunications
  • 4.5% Money Market
  • 3.3% Technology
  • 1.3% Utilities

Holdings by asset type

  • 31.5% German Fixed Interest
  • 20.2% French Fixed Interest
  • 13.5% Global Fixed Interest
  • 9% UK Fixed Interest
  • 8.2% Italian Fixed Interest
  • 5.5% Spanish Fixed Interest
  • 3.7% Portuguese Fixed Interest
  • 3.1% Hungarian Fixed Interest
  • 2.8% Finnish Fixed Interest
  • 2.5% Dutch Fixed Interest

Individual holdings

  • 4.4% AIRBUS GROUP SE 0% BDS 14/06/21 EUR100000
  • 3.6% PARPUBLICA-PARTICPACOES PUBLIC SGPS 5.25% CNV BDS 28/09/17(GALP ENERGIA SGPS
  • 3.6% TOTAL 0.5% 02.12.2022
  • 3.5% STEINHOFF FINANCE HOLDING GMBH 4% CNV BDS 30/01/21 EUR100000
  • 3.2% ENI 0% CNV BDS 13/04/22 EUR100000
  • 3.2% RAG-STIFTUNG 0% CNV BDS 31/12/18 EUR1000000
  • 3.1% MNV ZRT 3.375% CNV BDS 02/04/19 EUR100000
  • 2.7% BP CAPITAL MARKETS 1% CNV BDS 28/04/23 GBP100000
  • 2.6% SIEMENS FINANCIERINGSMAAT NV 1.05% BDS 16/08/17 USD250000
  • 2.6% STMICROELECTRONICS 03.07.2019