SCOR Convertible Conviction

Management philosophy

SCOR Convertible Conviction is a French FCP invested in European convertible bonds. The fund's objective is to achieve a performance greater than or equal to the "Exane ECI Europe" index, less management costs, over the recommended investment period.

 

Key points:

  • a portfolio invested in convertible bonds issued by European and Swiss companies 
  • porfolio invested in bonds denominated mainly in EUR but alos in USD, GBP, CHF, etc.
  • so called "synthetic" convertible bonds are excluded from the investment universe
  • an active portfolio management to optimize the fund convexity

 

Net Asset Value

Share NAV Value Date Fund size
1144,07 
EUR 35 M

Performance as at 24/08/2015

YTD 1 month 3 months 1 year 3 years 2019 Since inception
1,06% 1,06% 2,63% 6,99% 9,88% 8,26% 11,69%

Fund managers comments

"Despite the trade war, which created volatility in risk markets, equities performed exceptionally well in 2019. Nevertheless, convertible bonds did not benefit from the strength in equities in December 2019 and ended the month flat at -0.02%. Convertibles finished the year up +11.44% with an equity sensitivity of 0.32. The convertible bond market continued to be driven by M&A transactions."

Past performance is not an indication of future performance. Performances may vary over time. 

The risks and fees linked to this UCITS are set out in the Key Investor Information Document (KIID) and in the prospectus, both of which are available on this website. SCOR Investment Partners invites investors to consult these documents. In accordance with article 314-76 of the general regulations of the Autorité des Marchés Financiers, the client may receive, on request, details of the remunerations relating to the marketing of this product.

Our management team

Alexandre Stoessel
Sonia Berrejeb

Associated publications

Sales contact

Tel. :+ 33 1 58 44 70 00
Email : scorip.sales@scor.com

Fund characteristics

Legal form French mutual fund (FCP)
ISIN code FR0012815892 (C EUR share)
FR0013316767 (C USD share Hedged)
Bloomberg code SCORCCC FP Equity (C EUR share)
SCORCCU FR Equity (C USD share Hedged)
Depositary BNP Paribas Securities Services S.C.A.
Creation date Agust 24, 2018
Currency EUR
Benchmark Exane ECI Europe
Recommended investment horizon Minimum 3 years
Compliance with European standards French FCP, under the Directive 2009/65/CE
Management fees 0.70% (applied fees)
Subscriptions / Redemption fees Maximum 3.00% / None

Risk and performance profile

Risk low

-

Efficiency potentially lower

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Risk high

-

Efficiency potentially higher

Past performance is not an indication of future performance. Performances may vary over time. 

The risks and fees linked to this UCITS are set out in the Key Investor Information Document (KIID) and in the prospectus, both of which are available on this website. SCOR Investment Partners invites investors to consult these documents. In accordance with article 314-76 of the general regulations of the Autorité des Marchés Financiers, the client may receive, on request, details of the remunerations relating to the marketing of this product.