The net equity allocation of BL-Global Flexible as at 12 January is 47%. 95% of the fund's assets are invested in equities, with 50% of the equity exposure hedged through the sale of futures on equity indices.
BL-Global Flexible: Investment in gold mining shares
We have invested 2% of the assets of BL-Global Flexible in gold mining companies, with an objective of gradually raising this to 5%.
BL-Global Flexible 1 September 201190% of BL-Global Flexible's assets are currently invested in equities of which 45% are hedged through the sale of futures. The decline in long-term interest rates has been used to lower the bond allocation to 4%. BL-Global Flexible - Situation as at 10 June 2011
We took advantage of the recent correction in the stock markets and some stocks to increase the net equity allocation to 57%.
BL-Global Flexible Q1 2011
BL-Global Flexible's net asset value fell 3.7% in the first quarter of 2011 due to various factors that weighed on the fund’s performance over the quarter.
BL-Global Flexible EUR: Performance since beginning of the year
BL-Global Flexible has not performed well since the start of the year. I briefly outlined the reasons for this in my 24 January post, but I feel that it is worthwhile further exploring the reasons behind this disappointing performance.
Presentation BL-Global Flexible EUR
To download a presentation of the general characteristics of BL-Global Flexible EUR and of its portfolio as at mid-January , please click on the following link.
BL-Global Flexible EUR- Situation as at 24 January 2011
After suffering from the rise of the euro in September (cfr my post from 4 October 2010), BL-Global Flexible EUR’s NAV (net asset value) had a satisfactory last three months of the year.
BL-Global Flexible - Situation as at 1 October 2010
In September, the net asset value (NAV) of the BL-Global Flexible fund fell by 1.67%. Since the start of the year, the fund has gained 8.49%.
Presentation BL-Global Flexible
To download a presentation of the general characteristics of BL-Global Flexible and of its portfolio as at mid-July, please click on the following link.
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2012
Latest comments
For gold to be in a bull market you need: - ...
Do the recent stock market declines represent a buying opportunity?
Le 25/08/2011 par Guy Wagner
After reading your analyse, I thought, "What about investing in ...
Do the recent stock market declines represent a buying opportunity?
Le 24/08/2011
Hi Guy, I'm a regular reader of your blog and ...
A Greek tragedy
Le 29/07/2011 par Ian Brown
hi Guy, great blog. Do you have an opinion on domestic and/or ...
BL-Global Flexible - Situation as at 10 June 2011
Le 15/06/2011
The problem is that: - Greece does not have a liquidity ...
Update on our investment strategy
Le 24/05/2011 par Guy Wagner