SCOR Convertible Europe

Management philosophy

SCOR Convertible Europe is a mutual fund ("fonds commun de placement"), UCITS IV, invested in the European convertible bond market.

The objective of the fund is to achieve a performance greater than or equal to that of its benchmark index, the “Exane ECI Europe”, less management costs, throughout the recommended investment period.

The fund’s investments are focused on convertible bonds issued by European companies, mainly denominated in EUR but also in USD, GBP and CHF.

  • so-called “synthetic” convertible bonds are excluded from the investment universe
  • the fund may also be exposed to options and futures on European indices (such as the Eurostoxx and the CAC40)
  • the fund may also be marginally exposed to equities

 

Net Asset Value

Share NAV Value Date Fund size
1370,51 
EUR 197 M

Performance as at 31/01/2020

YTD 1 month 3 months 1 year 3 years 2019 Since inception
1,02% 1,02% 2,63% 8,50% 9,56% 9,92% 33,48%

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 FR0011368430 (Part C EUR)
FR0011668037 (Part C CHF Hedged)
FR0011929702 (Part USD Hedged)
Bloomberg code SCORCEC FP Equity (C EUR share)
SCORCEH FP Equity (C CHF Hedged share)
Depositary BNP Paribas Securities Services S.C.A.
Creation date December 27, 2012
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 0.50% (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.