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.

Key stats

Management firm  BNP Paribas Investment Partners Lux
Domicile  Luxembourg
Fund Administrator  BNP Paribas Investment Partners Lux
Global Branding Name  BNP Paribas
Fund Status  OBSOLETE
Fund currency  EUR
Net Assets Date  2012-08-31
Net Assets  €30,172,343
Launch Date  2009-05-26
Obsolete Date  2013-03-25
ISIN  LU0424554151
Manager 1 Name  Christophe Binet
Fund Strategy  Alt - Volatility
Benchmark  EONIA EUR
Fund Structure  SICAV
UCITS 3 compliant  yes

Performance/Volatility

Return Date  2012-08-31
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%
Return YTD  1.15%

Charges

Initial  5.00 %
Minimum Investment  €3,000,000
Maximum Managment Charge  0.50 %
Exit charge  2.00 %

Contact

Contact name  *
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
Web Address  www.bnpparibas-ip.com
Email contact  BNPP.IP.Data.Vendors@bnpparibas-ip.com
Custodian  BNP Paribas Securities Services (Lux)
Phone  852-2126-2228

Price

Last Price Date  2013-03-19
Pre-tax nav  95.79
Price change  €0.29
Price change (percentage)  0.30 %

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