Convertibles
Management Objective:
The convexity of convertible bonds provides to this asset class at the core of the asymmetrical management strategy. Investing in Euro Convertible Bonds - one of the oldest open-ended company governed by French law (SICAV) - aims to outperform ECI Europe through cautious management. Credit is currently the primary source of value add to performance.
| En % | YTD* | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| SP Convertibles | 2,33 | 34.16 | -18,37 | 1,36 | 9,43 | 11,03 | 5,37 | 8,53 | 0,90 | 0,62 |
| ECI-Euro | 0,63 | 21.85 | -21,40 | 3,76 | 11,19 | 10,33 | 4,10 | 8,99 | – 4,53 | -5,98 |
*Performance depuis le début de l'année au 09/03/10
