NOBC Obligations

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Active indexed investment in government securities

The objective of NOAM Taux Euro Euro is to outperform the Euro MTS 5-7 years.
NOAM Taux Euro is invested mainly in sovereign debt paying fixed or variable interest rates. To enhance performance, the portfolio’s interest-rate sensitivity is adjusted to reflect expected changes in the Eurozone yield curve. The fund is authorised to diversify using arbitrages on inflation-indexed bonds and the distortion of the yield curve.
Sensitivity range: 3 to 7
Foreign exchange risk: no



Why invest in NOAM Taux Euro?

  • to benefit from a pure government bond product with low volatility and a well-controlled tracking error
    • ;
  • to benefit from a decline in long rates
    • ;
  • to take advantage of dynamic management of sensitivity
    • .

    Performances

    Calculate Performance :

    from to  
    Month to date 1 year (rolling) 5 years (rolling)
    -0,46% from 30/04/2012 to 16/05/2012 2,53% from 16/05/2011 to 16/05/2012 26,64% from 16/05/2007 to 16/05/2012

    Characteristics

  • ISIN code (accumulation shares): FR0010366245
    		•
  • Index: Euro MTS 5-7 years
    		•
  • Horizon: >2 years
    		•
  • Manager: Xavier Chapon
    		•
  • Actual management fees: 1%
    		•
  • Entry/exit fees: 0%/0%
    		•
  • Subscription/redemption: before 9am
    		•

    Documentation available

    Télécharger le doc pdf Monthly Report of 31/08/2011   See archives
    Télécharger le doc produit Simplified prospectus Télécharger le doc produit Full prospectus  
    Télécharger le doc produit Quarterly Snapshot of 30/06/2011   See archives
    Télécharger le doc produit Presentation of 23/09/2011  

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    Overall Morningstars end of mars 2012, source - 2012 Morningstar, Inc. All rights reserved.

    Past performances offer no guarantee for future results. Noncontractual information.