BNP Paribas Group in Luxembourg News and Press
January 30, 2015 -

BNP Paribas L1 Multi-Asset Income exceeds EUR 600 million of assets.

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The BNP Paribas L1 Multi-Asset Income fund exceeds EUR 600 million of assets1. This fund targets an income of 4%2per annum which it has delivered consistently over the past years. The fund is rated 4 stars by Morningstar3.

The BNP Paribas L1 Multi-Asset Income fund offers an all-in-one solution targeting income generation through a flexible and diversified multi-asset portfolio. The fund is managed using a fundamental approach and dynamically invests across various income-generating global asset classes, including high income equities, high income listed real estate, investment grade corporate bonds, high yield bonds and government bonds.

The diversification offered by multi-asset strategies gives investors exposure to several asset classes to seize opportunities as they arise and take advantage of different market conditions.Generally a diversified strategy may offer a better risk-return potential than investing in a single asset class: Yields on bond investments may be too low for some investors whilst investing in equities may be too risky for others. A multi-asset approach could be considered to balance the pursuit of higher return whilst mitigating risk. Over the past 5 years the fund has generated a total return gross of fees of almost 9% per annum2.

The BNP Paribas L1 Multi-Asset Income fund has enjoyed substantial inflowsover the last year, benefitting from the growing interest from investors such as retirees seeking to enhance their income in a low yield environment.

Bart Van Poucke, fund manager of the BNP Paribas L1 Multi-Asset Income added The fund’s diversification ensures that the pursuit of income is not carried out at the expense of risk. We seek to capture income not only through our flexible asset allocation but also within each individual asset class. Based on their fundamental views, our equity experts select securities with the potential to provide an attractive and growing dividend for investors. Similarly, our experienced credit teams focus on rigorous selection of investment grade and high yield bonds for the portfolio. We currently see attractive opportunities within equities, and particularly European equities. Recovery in Europe has been hindered by its banking system but we believe the European Central Bank is taking important steps to address this. Dividend yields in European stocks are also currently higher than those in the rest of the developed world.”

BNP Paribas Investment Partners’ Multi-Asset Solutions team has extensive experience in managing multi-asset products including the BNP Paribas L1 Multi Asset Income fund which has a strong 4 nine year track record. The team manages more than EUR 50 billion of assets as at [30.09.2014], and comprises 48 professionals covering a broad range of expertise.

This fund is registered in the following countries: Belgium, Switzerland, Czech Republic, Spain, France, United Kingdom, Greece, Italy, Luxembourg, Slovakia and Netherlands. BNP Paribas L1 Multi-Asset Income, a Fund of Fund, is a sub fund of the BNP Paribas L1 UCITS IV SICAV registered under Luxembourg law.

The investments in the funds are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the funds described being at risk of capital loss.

1) Figures as of 21st January 2015
2) Data as at end December 2014. Past performance is not indicative of current or future performance. Gross, in Euros. Performance 2014: 9.51%, 2013: 9.38%, 2012: 15.20%, 2011: 0.94%, 2010: 10.11%
3) Morningstar rates mutual funds from one to five stars based on how well they’ve performed (after adjusting for risk and accounting for all sales charges) in comparison with similar funds.
4) The fund is rated 4 star by Morningstar.
Press Contact
BNP Paribas Investment Partners
Sarah Marteleur
+32 (0)2 274 84 28