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An absolute performance (long term) combining nominal and real interest rates exposure.
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| Investment Objective |
| Outperform both fixed-rate bonds and inflation linked bonds in the long term. |
| Investment Strategy |
| Dynamic arbitrage of the allocation between inflation-linked securities and conventional fixed-rate or floating-rate bonds, according to forecast inflation and the actual growth dynamic. Favour inflation linked investments when nominal interest rates are not considered lucrative enough. The fund, by applying an Asymmetrical Management© strategy, is an alternative to traditional fixed-income investments. |
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Portfolio Managers & Advisors
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| François Collet | Pascal Gilbert |
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| Investment Universe |
The investment universe comprises inflation securities and fixed-rate bonds that are denominated and listed on a regulated market in the euro zone. Securities have a minimum rating of BBB-.
The fund is not exposed to any foreign exchange risks. |
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| Management Parameters |
• Benchmark index: Barclays Capital France French Inflation Linked Bond Index
• Investment period: minimum 5 years
• Risk indicators:
- Indicative volatility: 4%
- Modified duration: 0 to 10
• Indicative Allocation:
- Inflation-indexed securities: 70%
- Fixed-rate bonds: 20%
- Floating-rate bonds: 10% |
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Performances as of 3/11/2010
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| Return Since Inception | 2010 | 2009 | 1-Year Return | 3-Year Return | 5-Year Return | 52-Week Volatility |
| LFP Index Long Terme | 34.63% | 0.51% | 10.47% | 13.79% | 12.59% | 16.75% | 3.72 % |
| Indice Barclays Indexés français | 49.56% | 0.90% | 6.65% | 7.81% | 17.84% | 22.26% | 3.92 % |
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Key Figures
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| Net Asset Value | EUR 1,346.27 |
| AUM | EUR 246,402,958.26 |
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Fund Features
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| ISIN Code | FR0007076047 |
| Category | Obligations |
| Ticker Bloomberg | LFPILTC FP Equity |
| Currency | EUR |
| Creation date | 13/09/2002 |
| Valuation Frequency | Daily |
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