Manager(s) : Sébastien BOUCHER
Last VL : 97.7900
2019 YTD Performance : 15,40%
ISIN code : LU1260576019
Bloomberg Code : MWRNCIP LX EQUITY
Benchmark : OAT 10 years plus 200 basis points
This fund is marketed in France and in Luxembourg. Only foreign professional clients (institutional, sub-mandated clients) and Luxembourg and French residents can subscribe.
The objective of the sub-fund is to outperform its benchmark 10-year OAT plus 200 basis points over the recommended investment term of 3 years, through the construction of reverse convertibles to seek a return superior to the money market.
To achieve this objective, the Sub-Fund invests continuously in commercial paper or medium-term negotiable notes. These are backed by a hedging strategy on the stock option markets (in accordance with the applicable provisions of CSSF Circulars 08/356, 13/559 and 11/512 and the guidelines of the ESMA No 2012/832) in order to collect premiums.
Evolution in base 100 over the selected period
Cumulative performance over different periods
|SINCE JANUARY 1||6 MONTHS||1 YEAR||3 YEARS||5 YEARS|
|OAT 10 years plus 200 basis points||1,77%||0,99%||2,36%||8,18%|
The performance shown is not a reliable indication of future performance. Past performance is not a commitment to future performance.
Source : MW Gestion
|Bloomberg Code||MWRNCIP LX EQUITY|
|Benchmark||10-year OAT plus 200 basis points|
|Asset Class||Treasury Notes / Medium Term Notes / Stock Options|
|Duration of investment||3 years|
|Centralization||Every Friday before 4 pm|
|Depositary||CACEIS LUXEMBOURG BRANCH|
|Subscription fee||1.50% max.|
|Management fees||1.50% TTC|
|Assignment of results:||10% outperf. / index ref.|
|Net assets||19 500 413.50 €|