BNPP L1 World Volatility I
The objective of this subfund is to outperform its benchmark index, the EONIA (Euro Overnight Index Average, which reflects the weighted average rate of overnight interbank placements in euros) and is not correlated with equity and bond market performance.
To achieve its objective, the subfund may invest in derivate financial instruments and implement different arbitrage strategies to manage volatility within a single asset class or between different asset classes. Volatility arbitrage strategies aim to take advantage of price anomalies in different derivatives markets while maintaining a sufficiently large underlying package to spread the risks. The principal strategy consists of taking advantage of the risk premium linked to the volatility of short term derivatives.
The subfund may invest in listed or over-the-counter derivatives. It may buy or sell standard futures and options on equities, on financial indices covering commodities*, on fixed income securities and on currencies. In addition to such derivatives, the manager may also invest directly in the securities that underlie them, except for commodities. The remainder of the subfund's assets will be invested in fixed-rate or variable-rate debt securities (national or international and denominated in various currencies), money market instruments, term deposits, liquidities and other short term debt securities.
To achieve these objectives, up to 5% of the subfund may be invested in the assets of other UCITS or UCI.
|Management firm||BNP Paribas Investment Partners Lux|
|Fund Administrator||BNP Paribas Investment Partners Lux|
|Global Branding Name||BNP Paribas|
|Net Assets Date||2012-08-31|
|Manager 1 Name||Christophe Binet|
|Fund Strategy||Alt - Volatility|
|UCITS 3 compliant||yes|
|Return - 1 Month||0.20%|
|Return - 2 Months||0.60 %|
|Return - 3 Months||0.61%|
|Return - 6 Months||1.24 %|
|Return - 9 months||1.13 %|
|Return - 12 Months||1.13%|
|Annualized return 24 months||0.82 %|
|Annualized return 36 months||1.18 %|
|Annualized return since Inception||1.43%|
|Maximum Managment Charge||0.50 %|
|Exit charge||2.00 %|
|Contact Address||Suite 4806, Central Plaza|
|Contact Address 2||18 Harbour Road, Wanchai|
|Contact city||Hong Kong|
|Contact country||Hong Kong|
|Fund Admin Group||BNP Paribas Investment Partners Lux|
|Custodian||BNP Paribas Securities Services (Lux)|
|Last Price Date||2013-03-19|
|Price change (percentage)||0.30 %|