Convertible bonds - UCITS III Fund

ISIN : Part A - LU0401809073
Part I - LU0401808935

PROMOTERS : DNCA Finance

MANAGERS : Jean-Charles Mériaux, Igor de Maack, Philippe Champigneulle

PHILOSOPHY
The asset of DNCA Convertibles is invested in convertible bonds or exchangeable euro area, of category “investment grade” for at least 50%. The portfolio construction is managed by arbitrating the convertible bonds or exchangeable having evolved to a behavior stocks in favour of less significant obligations or opportunities on bonds with very interesting outputs on the second market.
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Aggregate perf.

au 29/07/2010

Since the 01/01/10

1 month

3 month

6 month

1 year

5 year

2008

2009

Leonardo DNCA Convertibles
(A Units)

0,72 %

1,45 %

-0,68 %

-0,47 %

6,99 %

-- %

-0,02 %

20,13 %

Leonardo DNCA Convertibles
(I Units)

1,15 %

1,52 %

-0,49 %

-0,10 %

7,79 %

-- %

-0,01 %

20,54 %

Exane Eurozone Convertible Bonds

-2,06 %

1,37 %

-2,10 %

-0,73 %

4,92 %

-- %

5,79 %

21,85 %

« The last performances are not a reliable indicator of the future performances. »
 

OBJECTIF
To profit from an output higher than the government loans, and from a sensibility at the stocks markets.

 

ASSET CLASSES
Convertible bonds or exchangeable euro area: 50-100%.
Convertible bonds or exchangeable non euro area: 10% max.
Bonds “investment grade”: 50% at least.
Monetary products: 0-50%.

  

TARGET
For the investor who wishes to take part in bull markets of the stocks markets while benefitting from a bond output.

  

PERFORMANCES
2009 : 20,13%
Created the 18/12/2008.