Ofi Invest Euro Breakeven Inflation CLASS IXL C EUR
- -0.64%
- 2.03%
- 8.55%
- 19.52%
Ofi Invest Euro Breakeven Inflation is invested in inflation-linked bonds issued by member countries of the Eurozone. The fund's strategy consists of only seeking exposure to changes in inflation expectations (breakeven inflation). In this way, it aims to capitalise on the potential offered by a rise in implied inflation without placing any directional bets on the change in the real interest rates of the country issuing the linked bond.
The fund's objective is to outperform its benchmark index, the Markit iBoxx Eur Breakeven 7-15Y*, over a 3-year horizon.
As the financial markets do not allow direct exposure to breakeven inflation, the management team takes a synthetic position through:
- A long real interest rate position: buy of inflationlinked bonds;
- A short nominal interest rate position: sale of issuer country interest rate futures.
The portfolio managers are focused on maturities of between 5 and 20 years, producing a structurally high sensitivity to the breakeven inflation rate (between 7 and 11). This conscious choice of a high sensitivity partially hedges a position in a conventional bond portfolio.
* Find out more at: www.markit.com
- Legal form
- SICAV
- Inception date
- 12/07/2011
- SRRI
SRRI is an indicator going from 1 to 7 and corresponding to increasing risk levels. Risk and performance category indicated in this document is subject to change. This category is determined by the application of a regulatory methodology. For more details about this methodology, please refer to the Key investor information document (KIID).
Annualized performance
-
NET ASSET VALUE|11 952,30
-
CURRENCY|EUR
-
NAV DATE|30/03/2023
Historical Net Asset Values
- ISIN CodeLU0648430014
- Unit currencyEUR
- Agreement date15/12/2006
- Inception date12/07/2011
- First NAV date12/07/2011
- Valuation frequencyDaily
- Regulatory authority
- Legal formSICAV
- Fund of funds No
- Distribution policyAccumulation
- ‘PEA’ eligible No
- Maximum management fees0.61 %
- Maximum subscription fees – non acquired5.00 %
- CustodianSOCIETE GENERALE BANK TRUST LUXEMBOURG
- Administrative agentSOCIETE GENERALE SECURITIES SERVICES LUXEMBOURG
- Asset management companyOFI INVEST LUX
- Delegated asset management companyOFI INVEST ASSET MANAGEMENT
- Subscription cut-off time12:00:00
- Redemption cut-off time12:00:00
- Decimalisation2 decimals
- Minimum subscription amount0.00 EUR
- Minimum initial subscription amount10 000 000.00 EUR
| 30/07/2021 | 31/08/2021 | 30/09/2021 | 31/12/2021 | 28/02/2022 | 31/05/2022 | |
|---|---|---|---|---|---|---|
| SCR Market | 0.03 % | 0.06 % | 0.05 % | 0.05 % | 0.07 % | 0.20 % |
| PnL interest Rate Down | -0.38 % | -0.53 % | -0.44 % | -0.37 % | -0.25 % | -0.18 % |
| PnL interest Rate Up | -0.03 % | -0.05 % | 0.01 % | 0.03 % | 0.06 % | 0.20 % |
| SCR Equity | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| SCR Currency | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| SCR Credit | 0.00 % | 0.01 % | 0.05 % | 0.04 % | 0.05 % | 0.04 % |
| SCR concentration | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| SCR Real Estate | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
The KIID must be provided to investors prior to any investment being made. Practical information, risk and reward profile and charges related to the investment in a fund are described in the fund’s KIID.
The figures mentioned cover past years. Past performances are not a reliable indicator of future performances. The investments mentioned herein are one way to capture financial market returns in exchange for a certain amount of risk. Invested capital and performances are not guaranteed, and there exists a risk of loss of capital.
IMPORTANT INFORMATION
The website (the “Site”) is considered as a marketing communication provided by Ofi Invest Asset Management (“OFI INVEST AM”), whose registered office is at 22 rue Vernier F-75017 Paris, France and approved by the Autorité des Marchés Financiers (AMF) in France as a management company of UCITS under agreement number GP 92021 and its Luxembourgish subsidiary OFI LUX, UCITS management company, whose registered office is at 10-12 boulevard F.D. Roosevelt L-2450 Luxembourg and authorised by the Commission de Surveillance du Secteur Financier (CSSF) in accordance with Chapter 15 of the 2010 Law on undertakings for collective investment as amended.
This website is not a transactional website. The information and opinions contained on this website do not take into account individual circumstances, investment objectives, financial situation or specific needs of the investors and cannot, in any case, be considered as tax, legal or investment advice or recommendation in respect of such products and services. Tax regimes depend on each investor’s own circumstances and may be subject to change in the future. We recommend you to liaise with your financial and tax advisor to ensure the suitability of the products / services regarding to your personal situation, your profile and your investment objectives.
This website is not intended for « US person » for the purposes of Regulation S in application of the United States Securities Act 1993.
Investments involve risks. The value of an investment may go down as well as up and you may not get back the amount you originally invested. There is no assurance that Funds objectives will be achieved or that there will be a return on capital. Past performances are not a reliable indicator of future performance and may be misleading. You must read the Prospectus and the KIIDs before any investment decision.