SAVINGS AND INVESTMENTS
Managed by BNP Paribas Asset Management Europe, Belgian Branch
To spread the risks of your investment, our specialists select investment funds that focus on international diversification.
The Global Defensive sub-fund of the Belgian BNP Paribas B Strategy Sicav has no set duration and does not offer capital protection.
Managing a portfolio of investments requires a lot of knowledge and information, close monitoring, and good decision-making skills.
By opting for a sub-fund of the BNP Paribas B Strategy Sicav, you don’t have to your portfolio yourself. Our specialists closely monitor the fund and take action when necessary.
The BNP Paribas B Strategy Global Defensive sub-fund aims to achieve the best possible return while ensuring a broad distribution of risks. To do this, it invests globally via other investment funds that invest in different asset classes (equities, bonds and alternative investments). The fund is actively managed. It can therefore invest in securities that are not included in its benchmark index. The latter is made up of the following sub-indices, in proportions that reflect the sub-fund’s risk profile : STOXX Europe 600 (EUR) NR, MSCI Emerging Markets (Free) (EUR) NR, Bloomberg Euro Aggregate Corporate (EUR) RI, Bloomberg Euro Aggregate Treasury (EUR) RI, S&P 500 (EUR) NR, €STR Capitalized et Topix 100 (JPY) RI. The benchmark index is used for performance comparison purposes, and is not suitable as a benchmark for environmental and social characteristics. The sub-fund’s neutral weightings are as follows: 20% equities, 70% bonds, 10% alternative investments and 0% cash and money market instruments. However, managers can, depending on market conditions and their forecasts, deviate from those weightings within the following ranges: equities 0-30%, bonds 30-90%, alternative investments 0-30%, cash and money market instruments 0-70%.
The golden rule of investing is diversification. The more assets your portfolio contains, the more the risk is diversified. Managing a portfolio requires close monitoring, sufficient knowledge and information and good decision-making skills, but also strong nerves when markets are turbulent. Investing through a collective investment undertaking (CIU) allows you to overcome these constraints with ease. You aim to achieve the potential return of a widely diversified portfolio and delegate its management to professionals whose goal is to grow your capital over the long term.
The Global compartments of the Belgian-law SICAV BNP Paribas B Strategy aim to achieve the highest possible valuation while ensuring broad risk diversification.
These compartments are ‘funds of funds’, meaning they invest - each in their own proportions - in collective investment undertakings that themselves hold equities, bonds, and/or alternative investments, with an emphasis on international diversification. From a wide universe of such undertakings, the manager selects funds that align with strategic asset allocation recommendations.
At least 75% of the compartment’s assets are invested in underlying collective investment undertakings that either:
The compartment promotes environmental or social characteristics and allocates a minimum of 40% to sustainable investments as defined by the SFDR Regulation. The internal methodology applies multiple criteria to identify sustainable investments; in practice, a company must meet at least 1 criterion to be considered as contributing to an environmental or social objective.
Up to 10% of the compartment’s assets may be invested in Exchange-Traded Commodity Certificates providing exposure to physical gold.
This sub-fund does not provide protection against market fluctuations, so you may lose some or all of your investment.
Credit risk: if the financial situation of an issuer deteriorates, the value of the bonds included in the portfolio may decrease.
Liquidity risk: if the market for an asset is too narrow, a lack of buyers may make it difficult to sell the asset at a fair price and at the desired time.
The prospectus and key information documents together describe all the risks involved.
A fund's risk profile is determined by the types of assets it invests in (equities, bonds, cash etc.). Risk is measured on a scale of 1 to 7, with level 1 corresponding to the lowest risk and level 7 to the highest risk. The risk indicator indicates the probability that you will incur losses in the event of market movements or if the management company is unable to reimburse you.
The risk indicator is calculated by BNP Paribas Asset Management and assumes that you comply with the recommended investment timeframe of at least 4 years.
Other relevant risks for the fund, but not taken into account by the risk indicator, are mentioned above.
Even with a modest initial investment, you can be sure that the risks are spread sufficiently thanks to extensive diversification:
If this investment fund generates profits and you have bought income units, a dividend may be paid to you. If you opt for accumulation units, you will not receive a dividend and your share of the profits will be reinvested in the fund. When you sell your units, you will recover the value of those profits (see also the "Taxation" section).
The BNP Paribas B Strategy Global Defensive sub-fund offers both types of units:
Professional withholding tax
Capital Gains Tax
Financial transaction tax (FTT)
This tax regime applies to private investors in Belgium and may change in the future. Other categories of investors are invited to enquire about the tax regime applicable to them.
Good to know: the BNP Paribas B Strategy Sicav may apply the "swing pricing" method to determine the net asset value (NAV) of its sub-funds. This method factors in taxes and day-to-day transaction fees – provided they do not exceed 1% of the NAV – resulting from purchases and sales of units by investors, which affect the value of the fund and all its investors.
The Global Defensive fund is a sub-fund of BNP Paribas B Strategy, a Belgian Sicav that has no set duration and offers no capital protection.
Warning: this is a marketing document. The investor should read the key information document for accumulation units, the key information document for income units and the prospectus carefully before making any investment decision. These documents are available free of charge, in French (using the links above) and in Dutch, in any BNP Paribas Fortis branch.
Useful information for investors:
Management company: BNP Paribas Asset Management Europe, Belgian Branch, a French-law company.
Financial servicing: BNP Paribas Fortis.
Units can be purchased every banking business day based on net asset value (NAV). If you buy through a Flexinvest plan, the purchase can be split up into thousandths of a unit. Net asset value (NAV) is published every banking business day on the www.beama.be website.
Complaints
Any complaint about our investment products or services should be sent by post to BNP Paribas Fortis SA – Complaints Department– Montagne du Parc 3, 1000 Brussels or by email to gestiondesplaintes@bnpparibasfortis.com.
If you’re not happy with the proposed solution, you can send your complaint by post to Ombudsfin – Financial Services Mediation Service - North Gate II, Blvd du Roi Albert II 8 (Bte 2), 1000 Brussels or by email to ombudsman@ombudsfin.be.
A summary of investors' rights is available, in French and Dutch, on the BNP Paribas Asset Management website.
