Since February 11 2019, Quilvest Convertible Europe has made minor changes to its prospectus in order to simplify its investment universe.
The focus is on pure convertible bonds. Thus, in order to be in line with our effective strategy, the authorization to invest in contingent convertible bonds (or “CoCos”) as well as to get an exposure to commodities (through indices, futures, synthetic products etc) has been excluded.
The investment universe is expanding to Europe to better capture good investment opportunities.
As a result, the limit for investments in securities denominated in a currency other than the Euro increases to 30% of the fund’s assets (10% previously). It should be noted that these securities will be hedged (maximum residual currency risk of 10%).
The benchmark becomes the Exane Europe Convertible Bond (previously Exane Eurozone Convertible Bond).
Therefore, the strategy remains unchanged, namely:
Philippe Halb and Eric Bozzetto manage the fund since July 1st 2018. It is rated 4 stars by Morningstar, and displays a solid track record: 1st decile over 3 years (with an annualized performance of 3.0%) and 1st quartile over 5 years – Convertibles Europe category.
You can find the updated prospectus here
Laurent, Henri et Sophie are available should you have any question.
laurent.pluchard@dynasty-am.lu +352 2469 77 642
henri.rayot@dynasty-am.lu +352 2469 77 644
sophie.heckmann@dynasty-am.lu +352 2469 77 647