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November 12, 2020

Tribunes

On parle de nous - 12 novembre 2020

<!-- wp:image {"id":9540,"width":253,"height":66,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/11/logo.png" alt="" class="wp-image-9540" width="253" height="66"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p><a href="http://h24finance.com/news-14236.html" target="_blank" rel="noreferrer noopener">http://h24finance.com/news-14236.html</a></p> <!-- /wp:paragraph --> <!-- wp:heading --> <h2><a href="https://www.h24finance.com/profile-3508.html" target="_blank" rel="noreferrer noopener">Comment investir dans une période de relance budgétaire ?</a></h2> <!-- /wp:heading --> <!-- wp:paragraph --> <p><em>Publié le&nbsp;12 Novembre 2020</em></p> <!-- /wp:paragraph --> <!-- wp:image --> <figure class="wp-block-image"><img src="http://files.h24finance.com/jpeg/Laurent%20Chaudeurge.jpg" alt="http://files.h24finance.com/jpeg/Laurent%20Chaudeurge.jpg"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p><em>Entretien avec Laurent Chaudeurge, porte-parole de la gestion de BDL Capital Management, après l'annonce du vaccin de Pfizer.</em></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>Comment avez-vous accueilli la nouvelle de Pfizer ?</strong></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>Laurent Chaudeurge :</strong>&nbsp;Nous estimons qu'avec l'annonce très positive de Pfizer concernant son vaccin en phase 3,&nbsp;<strong>les marchés devraient maintenant se projeter vers une normalisation des conditions</strong>&nbsp;malgré le deuxième confinement qui continue. Le marché devrait notamment commencer à anticiper le<strong>&nbsp;passage de l'austérité à l'expansion budgétaire</strong>.</p> <!-- /wp:paragraph -->

October 30, 2020

Tribunes

On parle de nous - 30 octobre 2020

<!-- wp:image {"id":9536,"width":194,"height":36,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/11/Patrimoine24-logo-OK2.png" alt="" class="wp-image-9536" width="194" height="36"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p><a href="https://www.patrimoine24.com/les-news/6043-tout-savoir-sur-le-fonds-bdl-transitions.html" target="_blank" rel="noreferrer noopener">https://www.patrimoine24.com/les-news/6043-tout-savoir-sur-le-fonds-bdl-transitions.html</a></p> <!-- /wp:paragraph --> <!-- wp:heading {"level":1} --> <h1><a href="https://www.patrimoine24.com/les-news/6043-tout-savoir-sur-le-fonds-bdl-transitions.html" target="_blank" rel="noreferrer noopener">Tout savoir sur le fonds BDL Transitions</a></h1> <!-- /wp:heading --> <!-- wp:paragraph --> <p><a href="https://www.patrimoine24.com/les-news.html" target="_blank" rel="noreferrer noopener">LES NEWS</a> 30 OCTOBRE 2020</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>Retrouvez Laurent Chaudeurge et Jean Duchein, co-gérants du fonds BDL Transitions.&nbsp;</strong></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>BDL Capital Management est fier de vous présenter la nouvelle stratégie Long Only labellisé ISR actions européennes de son fonds BDL Transitions.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Il s’agit d’un fonds multithématique sur la transitions ESG. Les 5 grands thèmes d’investissement sont l’énergie, le digital, la mobilité, la santé et l’économie ; en ligne avec les principaux Objectifs de Développement Durable établis par l’ONU. Le fonds investit dans les meilleurs acteurs pour chacune des thématiques et pour chaque secteur d’activité.</p> <!-- /wp:paragraph -->

October 23, 2020

Tribunes

On parle de nous - 23 octobre 2020

<!-- wp:image {"id":9540,"width":253,"height":66,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/11/logo.png" alt="" class="wp-image-9540" width="253" height="66"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p><a href="http://h24finance.com/news-14148.html" target="_blank" rel="noreferrer noopener">http://h24finance.com/news-14148.html</a></p> <!-- /wp:paragraph --> <!-- wp:heading --> <h2><a href="http://h24finance.com/news-14148.html" target="_blank" rel="noreferrer noopener">Bas les masques : comment s'adapter à l'environnement post COVID ?</a></h2> <!-- /wp:heading --> <!-- wp:paragraph --> <p><em>Publié le&nbsp;23 Octobre 2020</em></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><em>Avec Benjamin Biard (Directeur du développement, Amiral Gestion), Thierry Dupont (Associé fondateur, BDL CM) et David Mellul (Directeur Général, Varenne Capital). Débat animé par Pierre Bermond, EOS Allocations.</em></p> <!-- /wp:paragraph -->

October 20, 2020

Tribunes

BDL Capital Management présente BDL Transitions

<!-- wp:paragraph --> <p>Laurent Chaudeurge et Jean Duchein, gérants du fonds BDL Transitions, répondent dans cette vidéo aux questions suivantes :</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Pourquoi BDL Transitions ?<br>Comment choisir les meilleurs acteurs ?<br>Quelles sont les 5 thématiques du fonds ?<br>Pourquoi faire confiance à BDL ?</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

October 19, 2020

Tribunes

On parle de nous - 19 octobre 2020

<!-- wp:image {"align":"center","id":9551,"sizeSlug":"large"} --> <div class="wp-block-image"><figure class="aligncenter size-large"><img src="https://www.bdlcm.com/wp-content/uploads/2020/11/logo_esteval.jpg" alt="" class="wp-image-9551"/></figure></div> <!-- /wp:image --> <!-- wp:paragraph --> <p><a href="https://www.esteval.fr/article.24299.bdl-transitions-fonds-pea-labellise-isr-sur-les-actions-europeennes">https://www.esteval.fr/article.24299.bdl-transitions-fonds-pea-labellise-isr-sur-les-actions-europeennes</a></p> <!-- /wp:paragraph --> <!-- wp:heading --> <h2><a href="https://www.esteval.fr/article.24299.bdl-transitions-fonds-pea-labellise-isr-sur-les-actions-europeennes" target="_blank" rel="noreferrer noopener">BDL Transitions, FONDS PEA LABELLISÉ ISR SUR LES ACTIONS EUROPÉENNES</a></h2> <!-- /wp:heading --> <!-- wp:paragraph --> <p>Fonds, gestion d'actifs, ISR, ODD, thèmes</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>BDL Capital Management lance la version Long Only du fonds BDL Transitions. Il s’agit d’un fonds multithématique sur la transitions ESG, dont les</strong>&nbsp;<strong>5 grands&nbsp;<a href="https://www.esteval.fr/index.php?special=recherche&amp;search_site_keywords=th%C3%A8mes">thèmes</a>&nbsp;sont l’énergie, le digital, la mobilité, la santé et l’économie ; en ligne avec les principaux Objectifs de Développement Durable établis par l’ONU.</strong></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Le fonds investit dans les meilleurs acteurs pour chacune des thématiques et pour chaque secteur d’activité. La sélection des entreprises éligibles au fonds BDL Transitions repose sur trois piliers : la qualité du modèle économique de l’entreprise, l’analyse extra financière et la valorisation.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>Avec 16 personnes à la gestion et plus de 1 000 sociétés rencontrées par an, BDL Capital Management a l’un des plus larges dispositifs d’analyse des entreprises en Europe.</strong>&nbsp;<em>« Nous allons au-delà des informations fournies par les bases de données avec notre système de notation propriétaire QIRA, qui permet d’effectuer l’étude détaillée des pratiques ESG des entreprises susceptibles d’intégrer le fonds BDL Transitions »,</em>&nbsp;explique<strong>&nbsp;le co-gérant Laurent Chaudeurge.</strong></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><em>« Nous souhaitons aussi influencer la stratégie des entreprises pour les accompagner dans leur transitions. Pour cela, nous engageons le dialogue directement avec leurs directions générales. Nous avons également alerté certaines sociétés sur leurs pratiques ESG à travers l’envoi de lettres, toutes les entreprises nous ont répondu et ont souhaité engager un dialogue avec nous », </em>poursuit<strong> Jean Duchein, co-gérant du fonds.</strong></p> <!-- /wp:paragraph -->

October 19, 2020

Tribunes

On parle de nous

<!-- wp:image {"align":"center","id":9554,"width":233,"height":56,"sizeSlug":"large"} --> <div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/11/logo_next_finance.gif" alt="" class="wp-image-9554" width="233" height="56"/></figure></div> <!-- /wp:image --> <!-- wp:paragraph --> <p><a href="https://www.next-finance.net/BDL-Capital-Management-innove-avec" target="_blank" rel="noreferrer noopener">https://www.next-finance.net/BDL-Capital-Management-innove-avec</a></p> <!-- /wp:paragraph --> <!-- wp:heading {"level":1} --> <h1><a href="https://www.next-finance.net/BDL-Capital-Management-innove-avec" target="_blank" rel="noreferrer noopener">BDL Capital Management innove avec son fonds multithématique Long Only, BDL Transitions</a></h1> <!-- /wp:heading --> <!-- wp:image --> <figure class="wp-block-image"><img src="https://www.next-finance.net/local/cache-vignettes/L118xH88/arton20231-efe76.jpg" alt=""/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p>BDL Capital Management lance la version Long Only du fonds BDL Transitions. Il s’agit d’un fonds multithématique sur la transitions ESG. Les 5 grands thèmes sont l’énergie, le digital, la mobilité, la santé et l’économie&nbsp;; en ligne avec les principaux Objectifs de Développement Durable établis par l’ONU.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><em><strong>BDL Transitions, fonds labellisé ISR sur les actions européennes, est désormais disponible à partir du 01/10/2020.</strong></em></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>BDL Capital Management lance la version Long Only du fonds BDL Transitions. Il s’agit d’un fonds multithématique sur la transitions ESG. Les 5 grands thèmes sont l’énergie, le digital, la mobilité, la santé et l’économie&nbsp;; en ligne avec les principaux Objectifs de Développement Durable établis par l’ONU. Le fonds investit dans les meilleurs acteurs pour chacune des thématiques et pour chaque secteur d’activité.</p> <!-- /wp:paragraph --> <!-- wp:quote --> <blockquote class="wp-block-quote"><p>La sélection des entreprises éligibles au fonds BDL Transitions repose sur trois piliers&nbsp;: la qualité du modèle économique de l’entreprise, l’analyse extra financière et la valorisation.</p></blockquote> <!-- /wp:quote --> <!-- wp:paragraph --> <p>Avec 16 personnes à la gestion et plus de 1000 sociétés rencontrées par an, BDL Capital Management a l’un des plus larges dispositifs d’analyse des entreprises en Europe.&nbsp;<em>«&nbsp;Nous allons au-delà des informations fournies par les bases de données avec notre système de notation propriétaire QIRA, qui permet d’effectuer l’étude détaillée des pratiques ESG des entreprises susceptibles d’intégrer le fonds BDL Transitions.&nbsp;»</em>&nbsp;explique le co-gérant Laurent Chaudeurge.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><em>«&nbsp;Nous souhaitons aussi influencer la stratégie des entreprises pour les accompagner dans leur transitions. Pour cela, nous engageons le dialogue directement avec leurs directions générales. Nous avons également alerté certaines sociétés sur leurs pratiques ESG à travers l’envoi de lettres, toutes les entreprises nous ont répondu et ont souhaité engager un dialogue avec nous.&nbsp;»</em>&nbsp;précise Jean Duchein, co-gérant du fonds.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Le fonds est co-géré par Jean Duchein et Laurent Chaudeurge.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong><a href="https://www.next-finance.net/_Next-Finance_">Next Finance</a>&nbsp;</strong><strong>,&nbsp;</strong>19 octobre</p> <!-- /wp:paragraph -->

October 16, 2020

Tribunes

La tribune ESG - Octobre 2020 - Siemens

<!-- wp:image {"id":9437,"sizeSlug":"large"} --> <figure class="wp-block-image size-large"><img src="https://www.bdlcm.com/wp-content/uploads/2020/10/Siemens-1024x244.png" alt="" class="wp-image-9437"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p>Dans sa&nbsp;<strong>tribune ESG</strong>, BDL Capital Management vous présente tous les mois&nbsp;une valeur sous l’angle ESG.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Ce mois-ci, nous mettons en avant&nbsp;<strong>Siemens</strong>, un conglomérat industriel côté à Francfort avec une capitalisation boursière d’EUR82mds. Siemens emploie 385 000 personnes et est le premier employeur privé d'Allemagne. Depuis plusieurs années, nous avons des discussions avec les dirigeants pour mettre fin au conglomérat. Cette décentralisation permettra de responsabiliser chaque division, d'améliorer les indicateurs clés de performance et la gouvernance.&nbsp;</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>A lire: <a href="https://cdn.prod.website-files.com/61fcf0ccadab5a815b8905c4/62dfeb7cae9124834b2b03b7_La%20Tribune%20ESG%20-%20Siemens%20octobre%202020.pdf">Siemens sustainability report 2021</a></p> <!-- /wp:paragraph --> <!-- wp:buttons --> <div class="wp-block-buttons"><!-- wp:button {"style":{"color":{"background":"#ffffff"}}} --> <div class="wp-block-button"><a class="wp-block-button__link has-background" href="https://cdn.prod.website-files.com/61fcf0ccadab5a815b8905c4/62dfeb7cae9124834b2b03b7_La%20Tribune%20ESG%20-%20Siemens%20octobre%202020.pdf" style="background-color:#ffffff" target="_blank" rel="noreferrer noopener">Télécharger la version PDF</a></div> <!-- /wp:button --></div> <!-- /wp:buttons --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

October 14, 2020

Lettre de la gestion

Lettre de la gestion Durandal Septembre 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>L’année 2020 a été une année particulièrement agitée et également un nouveau test pour notre stratégie Durandal. Au 25 septembre 2020, la performance du fonds pour l’année en cours est de + 0,35 % (Part B) et + 0,91 % (Part E) avec une volatilité inférieure à 5 % (4,07% depuis la création pour la Part B) malgré le choc du mois de mars.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Sur un an glissant, la performance est positive et de + 0,68 % (Part B) et + 1,46 % (Part E). (...)</p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:paragraph --> <p>La suite de la lettre de gestion de septembre est disponible ici : </p> <!-- /wp:paragraph --> <!-- wp:spacer {"height":31} --> <div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div> <!-- /wp:spacer --> <!-- wp:file {"id":9414,"href":"https://www.bdlcm.com/wp-content/uploads/2020/10/Lettre-de-la-gestion-Durandal-Octobre-2020-1.pdf"} --> <div class="wp-block-file"></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

October 8, 2020

Tribunes

On parle de nous - 8 octobre 2020

<!-- wp:image {"id":9540,"width":253,"height":66,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/11/logo.png" alt="" class="wp-image-9540" width="253" height="66"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p><a href="http://h24finance.com/news-14104.html" target="_blank" rel="noreferrer noopener">http://h24finance.com/news-14104.html</a></p> <!-- /wp:paragraph --> <!-- wp:heading {"level":1} --> <h1><a href="http://h24finance.com/news-14104.html" target="_blank" rel="noreferrer noopener">Un fonds labellisé ISR pour faire miser sur les acteurs de la transitions ESG...</a></h1> <!-- /wp:heading --> <!-- wp:paragraph --> <p><em>Publié le&nbsp;8 Octobre 2020</em></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><em>Créé il y a plus d'un an, BDL Transitions est un fonds Long Only labellisé ISR qui investit dans les actions européennes.</em></p> <!-- /wp:paragraph --> <!-- wp:image --> <figure class="wp-block-image"><img src="http://files.h24finance.com/jpeg/BDL%20transitions%20gerants.jpg" alt="http://files.h24finance.com/jpeg/BDL%20transitions%20gerants.jpg"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p><em>Laurent Chaudeurge et&nbsp;Jean Duchein, co-gérants de BDL Transitions</em></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>H24 : Pourquoi avoir lancé BDL Transitions ?</strong></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><strong>Laurent Chaudeurge :</strong>&nbsp;Le réchauffement climatique est sans précédent et&nbsp;<strong>aujourd'hui il y a urgence</strong>. Ainsi, nous devons nous adapter et changer nos modes de vies, tout comme nos modes opératoires.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Cette transitions vers une planète plus saine offre&nbsp;<strong>de vraies opportunités d'investissements</strong>&nbsp;sur lesquelles notre fonds capitalise.</p> <!-- /wp:paragraph -->

October 1, 2020

Tribunes

Flash info - BDL Transitions - 1er octobre 2020

<!-- wp:image {"align":"center","id":9363,"sizeSlug":"large"} --> <div class="wp-block-image"><figure class="aligncenter size-large"><img src="https://www.bdlcm.com/wp-content/uploads/2020/10/Label-ISR.jpg" alt="" class="wp-image-9363"/></figure></div> <!-- /wp:image --> <!-- wp:paragraph --> <p>Chers co-investisseurs, </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>BDL Capital Management est fier de vous présenter son fonds <strong>Long Only labellisé ISR</strong> actions européennes.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Il s’agit d’un fonds <strong>multithématique sur la transitions ESG</strong>. Les <strong>5</strong> grands thèmes d’investissement sont <strong>l’énergie, le digital, la mobilité, la santé et l’économie</strong>&nbsp;; en ligne avec les principaux Objectifs de Développement Durable établis par l’ONU. Le fonds investit dans les <strong>meilleurs acteurs</strong> pour chacune des thématiques et pour chaque secteur d’activité.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>BDL Transitions marque l’entrée de BDL dans la <strong>gestion labelisée ISR</strong> et offre <strong>un style de gestion différent et complémentaire </strong>qui capitalise sur nos deux grandes forces&nbsp;: l’expertise industrielle de nos analystes et notre proximité avec les managements des entreprises européennes. (...)</p> <!-- /wp:paragraph -->

September 10, 2020

Lettre de la gestion

Lettre de la gestion BDL Rempart Europe Septembre 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Le mois d’août nous aura finalement épargné de ses spasmes dont il est parfois coutumier sur les marchés financiers. Nous espérons que, comme nous, vous avez pu profiter des vacances pour refaire le plein d’énergie pour continuer à traverser ce mauvais film de science-fiction. Les prochains épisodes avec la remise en route des économies et les élections américaines seront déterminants pour la suite des différents scénarii possibles. </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Nous sommes pleinement conscients de la responsabilité que vous nous confiez au moment où il n’a probablement jamais, en temps de paix, été aussi difficile de gérer des actifs financiers. Une réinitialisation générale est en route avec les conséquences du Covid-19 pour de très nombreux secteurs d’activités. (...)</p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:paragraph --> <p>La suite de la lettre de gestion de septembre est disponible ici : </p> <!-- /wp:paragraph --> <!-- wp:spacer {"height":31} --> <div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div> <!-- /wp:spacer --> <!-- wp:file {"id":9337,"href":"www.bdlcm.com/documents/lettre-de-la-gestion-bdl-rempart-septembre-2020"} --> <div class="wp-block-file"></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

September 9, 2020

Tribunes

La tribune ESG - Septembre 2020 - Vivendi

<!-- wp:image {"id":9330,"width":328,"height":60,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/09/1280px-Vivendi_logo.svg_-1024x220.png" alt="" class="wp-image-9330" width="328" height="60"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p>Dans sa&nbsp;<strong>tribune ESG</strong>, BDL Capital Management vous présente tous les mois&nbsp;une valeur sous l’angle ESG.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Ce mois-ci, nous mettons en avant&nbsp;<strong>Vivendi</strong>, société française côtée à Paris avec une capitalisation boursière d’EUR32mds. Vivendi est un des leaders européens des contenus médias et de la communication. Nous avons engagé un dialogue avec les dirigeants pour leur suggérer des pistes d’amélioration sur l’angle environnemental et les réponses ont été très satisfaisantes.</p> <!-- /wp:paragraph --> <!-- wp:file {"id":9332,"href":"https://www.bdlcm.com/wp-content/uploads/2020/09/La-Tribune-ESG-Vivendi-septembre-2020.pdf"} --> <div class="wp-block-file"><a href="https://cdn.prod.website-files.com/61fcf0ccadab5a815b8905c4/62dfea86c800ed9c990dfe42_La%20Tribune%20ESG%20Vivendi%20septembre%202020.pdf" target="_blank" rel="noreferrer noopener">La-Tribune-ESG-Vivendi-septembre-2020</a><a href="https://cdn.prod.website-files.com/61fcf0ccadab5a815b8905c4/62dfea86c800ed9c990dfe42_La%20Tribune%20ESG%20Vivendi%20septembre%202020.pdf" class="wp-block-file__button" download>Télécharger</a></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

September 2, 2020

Lettre de la gestion

Lettre de la gestion BDL Convictions - Septembre 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Pendant le mois d’août, les marchés financiers nous ont épargné les spasmes dont ils sont parfois coutumiers. Nous espérons que, comme nous, vous avez pu profiter des vacances pour refaire le plein d’énergie dont nous avons tous besoin pour continuer à traverser ce mauvais film de science-fiction. </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Nous remercions tous les investisseurs qui continuent de nous faire confiance et accueillons avec encore plus d’enthousiasme qu’à l’accoutumé&nbsp; les nouveaux qui nous rejoignent. Nous sommes pleinement conscients de la responsabilité que vous nous confiez au moment où il n’a probablement jamais été, en temps de paix, aussi difficile de pouvoir protéger la valeur de ses actifs. (...)</p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:paragraph --> <p>La suite de la lettre de gestion de septembre est disponible ici : </p> <!-- /wp:paragraph --> <!-- wp:spacer {"height":31} --> <div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div> <!-- /wp:spacer --> <!-- wp:file {"id":9311,"href":"https://www.bdlcm.com/wp-content/uploads/2020/09/Lettre-de-la-gestion-Septembre-2020.pdf"} --> <div class="wp-block-file"></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

July 17, 2020

Tribunes

La tribune ESG - Juillet 2020 - Infineon

<!-- wp:image {"id":9110,"width":229,"height":101,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/07/langfr-1920px-Infineon-Logo.svg_-1024x452.png" alt="Logo Société Infineon - ESG" class="wp-image-9110" width="229" height="101"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p>Dans sa&nbsp;<strong>tribune ESG</strong>, BDL Capital Management vous présente tous les mois&nbsp;une valeur sous l’angle ESG.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Ce mois-ci, nous mettons en avant&nbsp;<strong>Infineon</strong>, société allemande côtée à Frankfort avec une capitalisation boursière d’EUR28mds. Infineon est un des leaders dans les semi-conducteurs et est au cœur de la nouvelle révolution industrielle. Nous avons engagé un dialogue avec les dirigeants pour leur suggérer des pistes d’amélioration sur l’angle environnemental et les réponses ont été très satisfaisantes.</p> <!-- /wp:paragraph --> <!-- wp:file {"id":9126,"href":"https://www.bdlcm.com/wp-content/uploads/2020/07/La-Tribune-ESG-Infineon-juillet-2020.pdf"} --> <div class="wp-block-file"><a href="https://cdn.prod.website-files.com/61fcf0ccadab5a815b8905c4/62dfeb33b7d0781ca162eaa2_La%20Tribune%20ESG%20Infineon%20juillet%202020.pdf" target="_blank" rel="noreferrer noopener">La-Tribune-ESG-Infineon-juillet-2020</a><a href="https://cdn.prod.website-files.com/61fcf0ccadab5a815b8905c4/62dfeb33b7d0781ca162eaa2_La%20Tribune%20ESG%20Infineon%20juillet%202020.pdf" class="wp-block-file__button" download>Télécharger</a></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

July 7, 2020

Tribunes

Lettre à Infineon

<!-- wp:image {"id":9110,"width":229,"height":101,"sizeSlug":"large"} --> <figure class="wp-block-image size-large is-resized"><img src="https://www.bdlcm.com/wp-content/uploads/2020/07/langfr-1920px-Infineon-Logo.svg_-1024x452.png" alt="Logo Société Infineon - ESG" class="wp-image-9110" width="229" height="101"/></figure> <!-- /wp:image --> <!-- wp:paragraph --> <p>Dear Sir,<br>BDL Capital Management is an asset management company founded in 2005 and which manages<br>European equity funds invested over long-term horizons on the basis of companies’ fundamentals. BDL<br>Capital Management is currently a shareholder of Infineon.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><br>Climate change is leading to ever-stricter regulations and new consumption patterns. These<br>developments present opportunities but also risks to European companies’ business models. Tougher<br>financing conditions and asset impairment due to loss of market share as a result of an inadequate<br>environmental policy, are just some of the factors that can negatively influence an enterprise’s intrinsic<br>value. We therefore pay particularly close attention to the ESG policies of the companies in which we<br>invest, and especially their energy transitions strategy.</p> <!-- /wp:paragraph --> <!-- wp:file {"id":9114,"href":"https://www.bdlcm.com/wp-content/uploads/2020/07/Lettre-Infineon-2020.pdf"} --> <div class="wp-block-file"><a href="https://www.bdlcm.com/wp-content/uploads/2020/07/Lettre-Infineon-2020.pdf" target="_blank" rel="noreferrer noopener">Lettre-Infineon - 2020</a><a href="https://www.bdlcm.com/wp-content/uploads/2020/07/Lettre-Infineon-2020.pdf" class="wp-block-file__button" download>Télécharger</a></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

July 6, 2020

Tribunes

Flash info BDL Rempart Europe - T2 2020

<!-- wp:heading {"align":"center"} --> <h2 class="has-text-align-center"><u><span style=""><b style="text-decoration-line: underline;">UN </b></span><span style="text-decoration: underline;"><strong>DEUXIÈME TRIMESTRE PLUS PORTEUR</strong></span></u></h2> <!-- /wp:heading --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Le fonds a su tirer parti du rebond des marchés actions au deuxième trimestre :</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>Au T2, BDL Rempart Europe progresse de 7.89%, captant 53% de la hausse de l’indice Stoxx 600 pour une exposition nette moyenne de 39% et un levier brut moyen modéré de 126%.</li><li>Les investissements longs affichent une surperformance de 2.92%, confirmant la surperformance entamée depuis le point bas du marché le 18 mars 2020.</li><li>Les investissements short ont un alpha négatif de 0.8% sur la période</li></ul> <!-- /wp:list --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:file {"id":9101,"href":"https://www.bdlcm.com/wp-content/uploads/2020/07/Flash-Info-BDL-Rempart-Europe-Q2-2020-1.pdf"} --> <div class="wp-block-file"><a href="https://www.bdlcm.com/wp-content/uploads/2020/07/Flash-Info-BDL-Rempart-Europe-Q2-2020-1.pdf" target="_blank" rel="noreferrer noopener">Flash-Info-BDL-Rempart-Europe-Q2-2020-1</a><a href="https://www.bdlcm.com/wp-content/uploads/2020/07/Flash-Info-BDL-Rempart-Europe-Q2-2020-1.pdf" class="wp-block-file__button" download>Télécharger</a></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

May 19, 2020

Tribunes

Webinaire Durandal

<!-- wp:paragraph --> <p>Le fonds Durandal a 18 mois d’historique et la crise récente a permis d’évaluer sa capacité à conserver une faible volatilité. Pour mieux comprendre les clés de notre stratégie quantitative et systématique, rendez-vous : </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>📅le mardi 26 mai de 11H00 à 11H30 pour un webinaire dédié aux investisseurs professionnels en présence de <a href="https://www.linkedin.com/in/ACoAAAVS3AkBxek6yYLiiA3KIEXxqvdS1-sOvn4/">Maxime Hayot</a>, gérant et <a href="https://www.linkedin.com/in/ACoAAAqt4EMB9cInefItTWEqtF_EUB7Gw3aULJY/">Romain Mayer</a>, analyste quantitatif. </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>▶️Inscriptions par email auprès de <a rel="noreferrer noopener" target="_blank" href="mailto:nathalie.six@bdlcm.com">nathalie.six@bdlcm.com</a></p> <!-- /wp:paragraph -->

May 12, 2020

Lettre de la gestion

Lettre de la gestion Durandal Mai 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Après avoir préalablement testé en interne la stratégie depuis 2017, nous avons maintenant <strong>18 mois d’historique</strong> <strong>pour notre fonds ouvert&nbsp;quantitatif et systématique Durandal. </strong>Cet historique comprend les deux derniers mois particulièrement importants pour valider notre capacité à conserver une faible volatilité par tous les temps. Notre objectif est de vous offrir une performance non-corrélée aux marchés actions tout en conservant une volatilité faible.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Cela a été confirmé en ce début d’année puisque notre volatilité (part B) est de 4.16% au 08/05/20 avec une performance de 2.81% sur un an glissant et de -0.29% pour l’année 2020.</p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:file {"id":8962,"href":"https://www.bdlcm.com/wp-content/uploads/2020/05/Lettre-de-la-gestion-Durandal-Mai-2020.pdf"} --> <div class="wp-block-file"></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

May 4, 2020

Lettre de la gestion

Lettre de la gestion BDL Rempart Europe et BDL Convictions - Mai 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Vous trouverez, ci-dessous, la lettre de la gestion pour les fonds BDL Rempart Europe et BDL Convictions, qui :</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>- analyse la performance des fonds</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>- développe les changements effectués dans les portefeuilles</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>- précise les nouveaux investissements</p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:paragraph --> <p>La suite de la lettre de gestion de mai est disponible ici : </p> <!-- /wp:paragraph --> <!-- wp:spacer {"height":31} --> <div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div> <!-- /wp:spacer --> <!-- wp:file {"id":8936,"href":"https://www.bdlcm.com/wp-content/uploads/2020/05/Lettre-de-la-gestion-BDL-Rempart-et-BDL-Convictions-4-mai-2020.pdf"} --> <div class="wp-block-file"></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

March 24, 2020

Lettre de la gestion

Lettre de la gestion BDL Rempart Europe et BDL Convictions - Mars 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Il y aura un avant et un après. </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Chacun de nous a désormais des proches touchés par cette crise sanitaire et nous avons une pensée pour tous nos clients, nos partenaires et leur famille. </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Nous n’avons aucun cas déclaré de Covid-19 à ce stade dans l’équipe. Tous les collaborateurs de BDL Capital Management travaillent de chez eux sauf Bastien Bernus, notre co-gérant, qui se rend au bureau rue du Rocher tous les jours. Nous le remercions. Nos traders ont installé leurs postes de trading chez eux et tout fonctionne aussi bien qu’au bureau. Je souhaite ici tirer mon chapeau à toute notre équipe qui s’occupe de l’infrastructure et de nos outils informatiques. D’abord, pour leur énergie à tout installer lundi dernier et surtout pour la robustesse du système d’information qu’ils ont construit pour notre entreprise. Nous sommes donc tous opérationnels et sur le pont pour affronter ce qui s’annonce comme une période difficile et d’incertitudes maximales.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Nous vous rappelons qu’une large part du patrimoine de l’équipe de BDL est investie comme vous dans nos fonds et que toute l’équipe fait le maximum pour que les bonnes décisions soient prises à ce stade dans l’intérêt de tous. <br> La semaine dernière, grâce aux bonnes relations que nous avons su construire au fil des ans avec les entreprises, ...</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:paragraph --> <p>La suite de la lettre de gestion de mars est disponible ici : </p> <!-- /wp:paragraph --> <!-- wp:spacer {"height":31} --> <div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div> <!-- /wp:spacer --> <!-- wp:file {"id":8658,"href":"https://www.bdlcm.com/wp-content/uploads/2020/03/Lettre-de-la-gestion-BDL-Rempart-Convictions-20-03.pdf"} --> <div class="wp-block-file"></div> <!-- /wp:file -->

March 24, 2020

Lettre de la gestion

Lettre de la gestion Durandal Mars 2020

<!-- wp:paragraph --> <p>Chers co-investisseurs,<br></p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Le choc du coronavirus a été rapide et brutal pour les marchés financiers. Entre le 28/02/2020 et le 20/03/2020, le STOXX600 dividendes réinvestis (SXXR) a perdu 21.82%. Dans ce contexte difficile, nous souhaitons revenir sur la performance de notre fonds Durandal. <br> Sur cette période (du 28/02/2020 au 20/03/2020), le fonds Durandal (Part B) a perdu 3.86% avec la répartition ci-dessous : </p> <!-- /wp:paragraph --> <!-- wp:more --> <!--more--> <!-- /wp:more --> <!-- wp:file {"id":8664,"href":"https://www.bdlcm.com/wp-content/uploads/2020/03/Lettre-de-la-gestion-Durandal-20-03.pdf"} --> <div class="wp-block-file"></div> <!-- /wp:file --> <!-- wp:paragraph --> <p></p> <!-- /wp:paragraph -->

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This website is strictly restricted to professional investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Luxembourg(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com, at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

The Luxembourg facilities agent is Luxembourg CACEIS Bank, Luxembourg Branch, 5 allée Scheffer, L-2520 Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Term of Usfor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Term of Use.

This website is strictly restricted to non-professional/retail/private investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Luxembourg (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

The Luxembourg facilities agent is Luxembourg CACEIS Bank, Luxembourg Branch, 5allée Scheffer, L-2520 Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL Capital Management Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL Capital Management website: information réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

Ce site web est strictement réservé aux investisseurs professionnels de France, conformément à la transposition de la directive MiFID II (Directive 2014/65/UE)dans les lois et règlements français. Un client professionnel est un client qui possède l’expérience, les connaissances et la compétence nécessaires pour prendre ses propres décisions d’investissement et évaluer correctement les risques encourus. Nous vous invitons à vous assurer que vous disposez bien de la qualité d'investisseur professionnel.

Ce site fournit des informations sur les fonds, gérés par BDL Capital Management SAS, autorisés à être commercialisés auprès des investisseurs professionnels en France (ci-après, les « Fonds de BDLCapital Management »). Ce site Internet ne s'adresse pas aux personnes relevant d'une juridiction dans laquelle la publication du site Internet ou son accès est interdit(e) en raison de leur nationalité ou de leur lieu de résidence. Les personnes accédant au site Internet savent qu'elles sont seules responsables du respect des lois et réglementations applicables dans leur pays de résidence et/ou de nationalité.

Ce site web est fourni à titre d'information uniquement : les informations affichées sur le site web ne constituent ni une offre, ni une sollicitation d'investissement dans desFonds de BDL Capital Management, ni une recommandation personnalisée.

Les informations et la documentation disponibles sur ce site web seront affichées en fonction du profil d'investisseur que vous avez sélectionné (pays de résidence, catégorisation de l'investisseur et langue) : vous êtes est seul responsable de l'exactitude des informations fournies dans cette sélection de profil d'investisseur.

Les investisseurs potentiels doivent être conscients que les investissements dans des fonds présentés comportent des risques. Les performances passées ne préjugent pas des performances futures et les investisseurs dans les fonds peuvent ne pas récupérer tout ou partie du montant initialement investi. L’investissement dans un fonds de BDL CapitalManagement concerne l’acquisition de parts ou d’actions d’un fonds, et non d’un actif sous-jacent donné, tel que les actions d’une société, étant donné que ceux-ci sont seulement des actifs sous-jacents détenus par le fonds.

De plus amples informations peuvent être trouvées dans le prospectus, le document d'information clé de l'investisseur(KIID), les statuts ou le règlement de gestion, le dernier rapport annuel et le dernier rapport semestriel. Les investisseurs potentiels doivent se référer au prospectus et au document d'information clé de l'investisseur (KIID) avant toute décision d'investissement.

Les informations et documents relatifs aux fonds commercialisés en France sont disponibles gratuitement sur www.bdlcm.comsur www.fundinfo.comainsi qu'auprès de BDL Capital Management, 24Rue du Rocher, 75008 Paris. Le prospectus de la SICAV BDLCM FUNDS est seulement disponible en anglais.

Ce site web et les informations et documents disponibles sur ce site ne sont pas destinés aux Ressortissants Américains, et les Fonds de BDL Capital Management ne sont pas destinés à être commercialisés auprès des Ressortissants Américains (selon la définition de «U.S. Person » du Règlement S de la Securities Act). La société de gestion est habilitée à procéder au rachat de Parts détenues par un Ressortissant américain ou à refuser l’inscription d’un transfert en faveur d'un Ressortissant américain selon son appréciation afin de respecter la Securities Act.

BDL Capital Management peut décider de cesser la commercialisation de ses organismes de placement collectif conformément à l'article 93 bis de la directive 2009/65/CE et à l'article 32 bis de la directive 2011/61/UE.

BDL Capital Management ne saurait être tenu responsable des pertes ou dommages directs, indirects, spéciaux ou consécutifs de quelque nature que ce soit, résultant de l'utilisation de ce site InterneVe

Vuillez-vous référer auxMentionlégalepour connaître les conditions exhaustives associées à toute visite de ce site internet.

En cliquant sur le bouton ci-dessous « J’accepte », Je confirme que je suis un investisseur professionnel en France et que j'ai lu et accepté toutes les conditions prévues dans cet avertissement ainsi que les Mentions légales.

Ce site web est strictement réservé aux investisseurs non professionnels de France, conformément à la transposition de la directive MiFID II (Directive 2014/65/UE) dans les lois et règlements français.

Ce site fournit des informations sur les fonds, gérés par BDL Capital Management SAS, autorisés à être commercialisés auprès d’investisseurs professionnels ou investisseurs privés en France (ci-après, les« Fonds de BDL Capital Management »). Ce site Internet ne s'adresse pas aux personnes relevant d'une juridiction dans laquelle la publication du site Internet ou son accès est interdit(e) en raison de leur nationalité ou de leur lieu de résidence. Les personnes accédant au siteInternet savent qu'elles sont seules responsables du respect des lois et réglementations applicables dans leur pays de résidence et/ou de nationalité.

Ce site web est fourni à titre d'information uniquement : les informations affichées sur le site web ne constituent ni une offre, ni une sollicitation d'investissement dans desFonds de BDL Capital Management, ni une recommandation personnalisée.

Les informations et la documentation disponibles sur ce site web seront affichées en fonction du profil d'investisseur que vous avez sélectionné (pays de résidence, catégorisation de l'investisseur et langue) : vous êtes est seul responsable de l'exactitude des informations fournies dans cette sélection de profil d'investisseur.

Les investisseurs potentiels doivent être conscients que les investissements dans des fonds présentés comportent des risques. Les performances passées ne préjugent pas des performances futures et les investisseurs dans les fonds peuvent ne pas récupérer tout ou partie du montant initialement investi. L’investissement dans un fonds de BDL CapitalManagement concerne l’acquisition de parts ou d’actions d’un fonds, et non d’un actif sous-jacent donné, tel que les actions d’une société, étant donné que ceux-ci sont seulement des actifs sous-jacents détenus par le fonds.

De plus amples informations peuvent être trouvées dans le prospectus, le document d'information clé de l'investisseur(KIID), les statuts ou le règlement de gestion, le dernier rapport annuel et le dernier rapport semestriel. Les investisseurs potentiels doivent se référer au prospectus et au document d'information clé de l'investisseur (KIID) avant toute décision d'investissement.

Les informations et documents relatifs aux fonds commercialisés en France sont disponibles gratuitement sur www.bdlcm.com, sur www.fundinfo.com ainsi qu'auprès de BDL Capital Management, 24Rue du Rocher, 75008 Paris. Le prospectus de la SICAV BDLCM FUNDS est seulement disponible en anglais.

Ce site web et les informations et documents disponibles sur ce site ne sont pas destinés aux RessortissantsAméricains, et les Fonds de BDL Capital Management ne sont pas destinés à être commercialisés auprès des Ressortissants Américains (selon la définition de « U.S. Person » du Règlement S de la Securities Act). La société de gestion est habilitée à procéder au rachat de Parts détenues par unRessortissant américain ou à refuser l’inscription d’un transfert en faveur d'un Ressortissant américain selon son appréciation afin de respecter la Securities Act.

BDL Capital Management peut décider de cesser la commercialisation de ses organismes de placement collectif conformément à l'article 93 bis de la directive 2009/65/CE et à l'article 32bis de la directive 2011/61/UE.  

Une information sur le droit deréclamation ou l’exercice d’un recours collectif est disponible en anglais eten français sur le site de BDL Capital Management : Informations réglementaires.

BDL Capital Management ne saurait être tenu responsable des pertes ou dommages directs, indirects, spéciaux ou consécutifs de quelque nature que ce soit, résultant de l'utilisation de ce site Internet.

Veuillez-vous référer aux Mentions légales pour connaître les conditions exhaustives associées à toute visite de ce site internet.

En cliquant sur le bouton ci-dessous « J’accepte », Je confirme que je suis un investisseur professionnel ou investisseurs privés en France et que j'ai lu et accepté toutes les conditions prévues dans cet avertissement ainsi que les Mentions légales.

Diese Website wendet sich im Einklang mit derUmsetzung der MiFID-II-Richtlinie (Richtlinie 2014/65/UE) in deutschesRecht und deutsche Vorschriften ausschließlich an professionelle und semi-professionelle Anleger in Deutschland. Ein professioneller Kunde ist ein Kunde, der über dieErfahrung, das Wissen und die Fähigkeit verfügt, seine eigenenAnlageentscheidungen zu treffen und die damit verbundenen Risiken richtig einzuschätzen. Wir ermutigen Sie, sicherzustellen, dass Sie einprofessioneller Anleger sind.

Sie enthält Informationen über die vonBDL Capital Management verwalteten Fonds, die unter an professionelle und semi-professionelle Anleger Deutschland vertrieben werden dürfen (nachstehend die "BDL Capital-Fonds"). Diese Website richtet sich nicht anPersonen, die einer Rechtsordnung unterstehen, in der die Veröffentlichung derWebsite oder der Zugang zu ihr aufgrund ihrer Staatsangehörigkeit oder ihresWohnsitzes verboten ist. Personen, die auf die Website zugreifen, wissen, dass sie allein dafür verantwortlich sind, die geltenden Gesetze und Vorschriften desLandes ihres Wohnsitzes und/oder ihrer Staatsangehörigkeit einzuhalten.

Diese Website dient lediglich Informationszwecken. Die auf der Website angezeigten Informationen stellen weder ein Angebot noch eineAufforderung zur Anlage in Fonds von BDL Capital Management, noch eine persönliche Empfehlung dar.

Die auf dieser Website verfügbaren Informationen undUnterlagen werden ausgehend vom von Ihnen gewählten Anlegerprofil(Wohnsitzland, Einstufung des Anlegers und Sprache) angezeigt. Sie alleinhaften für die Richtigkeit der in diesem Anlegerprofil bereitgestellten Informationen.

Potenzielle Anleger müssen sich darüber im Klaren sein, dass Anlagen in die vorgestellten Fonds mit Risiken verbunden sind. Die bisherige Wertentwicklung ist kein zuverlässiger Hinweis für künftigeEntwicklungen und die Fondsanleger erhalten den ursprünglich investiertenBetrag möglicherweise nicht oder nur teilweise zurück. Eine Investition in einen Fonds von BDL Capital Management bezieht sich auf den Erwerb von Anteilen oder Aktien eines Fonds und nicht auf einen bestimmten zugrunde liegendenVermögenswert, wie z. B. Aktien eines Unternehmens, da diese nur zugrundeliegende Vermögenswerte sind, die vom Fonds gehalten werden.

Nähere Einzelheiten sind dem Verkaufsprospekt, den wesentlichen Anlegerinformationen (KIID), der Satzung oder demVerwaltungsreglement, dem letzten Jahresbericht und dem letztenHalbjahresbericht zu entnehmen. Potenzielle Anleger sollten sich vor jederAnlageentscheidung mit dem Verkaufsprospekt und den wesentlichenAnlegerinformationen (KIID) vertraut machen.

Informationen und Dokumente zu den in Deutschlandvertriebenen Fonds sind kostenlos erhältlich unter www.bdlcm.com, unter www.fundinfo.com sowie bei BDL Capital Management, 24 Rue du Rocher, 75008 Paris.Der Prospekt der SICAV BDLCM FUNDS ist nur in englischer Sprache erhältlich.

Örtlicher Vertreter ist CACEIS Bank S.A., GermanyBranch; Lilienthalallee 36, 80939 München, Deutschland. Die Zahlstelle kann auch kostenlos Informationen und Dokumente über die in Deutschland vertriebenen Fonds zur Verfügung stellen.

Diese Website und die darin verfügbaren Informationen und Dokumente sind nicht für US-Staatsangehörige bestimmt, und CM-AM-Fonds sind nicht für den Vertrieb an US-Staatsangehörige (gemäß der Definition von "U.S. Person" in Regulation S des Securities Act)bestimmt. Die Verwaltungsgesellschaft kann nach eigenem Ermessen Anteile, die von einer US-Person gehalten werden, zurücknehmen oder die Eintragung einerÜbertragung zugunsten einer US-Person ablehnen, um dem Securities Act zu entsprechen.

BDL Capital Management kann beschließen, den Vertrieb ihrer Organismen für gemeinsame Anlagen gemäß Artikel 93a derRichtlinie 2009/65/EG und Artikel 32a der Richtlinie 2011/61/EU einzustellen.  

BDL Capital Management Management haftet keinesfalls für direkte, indirekte, Sonder- oder Folgeschäden gleich welcher Art, die durch die Nutzung dieser Website entstehen.

Dem Impressum sind die vollständigen Bedingungen für jeden Besuch dieser Website zu entnehmen.

Ich bestätige, dass ich ein professionelle or ein semi-professionelle Anleger inDeutschland bin und dass ich alle Bedingungen in diesem Hinweis sowie dasImpressum gelesen und akzeptiert habe.

Diese Website wendet sich im Einklang mit derUmsetzung der MiFID-II-Richtlinie (Richtlinie 2014/65/UE) in deutschesRecht und deutsche Vorschriften ausschließlich an nicht professionelle Anleger und Privatanleger in Deutschland.

Sie enthält Informationen über die von BDLCapital Management verwalteten Fonds, die unter an nicht professionelleAnleger und Privatanleger in Deutschland vertrieben werden dürfen (nachstehend die "BDL Capital-Fonds"). Diese Website richtet sich nicht anPersonen, die einer Rechtsordnung unterstehen, in der die Veröffentlichung derWebsite oder der Zugang zu ihr aufgrund ihrer Staatsangehörigkeit oder ihresWohnsitzes verboten ist. Personen, die auf die Website zugreifen, wissen, dass sie allein dafür verantwortlich sind, die geltenden Gesetze und Vorschriften des Landes ihres Wohnsitzes und/oder ihrer Staatsangehörigkeit einzuhalten.

Diese Website dient lediglich Informationszwecken. Die auf der Website angezeigten Informationen stellen weder ein Angebot noch eineAufforderung zur Anlage in Fonds von BDL Capital Management, noch eine persönliche Empfehlung dar.

Die auf dieser Website verfügbaren Informationen undUnterlagen werden ausgehend vom von Ihnen gewählten Anlegerprofil(Wohnsitzland, Einstufung des Anlegers und Sprache) angezeigt. Sie alleinhaften für die Richtigkeit der in diesem Anlegerprofil bereitgestellten Informationen.

Potenzielle Anleger müssen sich darüber im Klaren sein, dass Anlagen in die vorgestellten Fonds mit Risiken verbunden sind. Die bisherige Wertentwicklung ist kein zuverlässiger Hinweis für künftigeEntwicklungen und die Fondsanleger erhalten den ursprünglich investiertenBetrag möglicherweise nicht oder nur teilweise zurück. Eine Investition in einen Fonds von BDL Capital Management bezieht sich auf den Erwerb von Anteilen oder Aktien eines Fonds und nicht auf einen bestimmten zugrunde liegendenVermögenswert, wie z. B. Aktien eines Unternehmens, da diese nur zugrundeliegende Vermögenswerte sind, die vom Fonds gehalten werden.

Nähere Einzelheiten sind dem Verkaufsprospekt, den wesentlichen Anlegerinformationen (KIID), der Satzung oder demVerwaltungsreglement, dem letzten Jahresbericht und dem letztenHalbjahresbericht zu entnehmen. Potenzielle Anleger sollten sich vor jederAnlageentscheidung mit dem Verkaufsprospekt und den wesentlichen Anlegerinformationen (KIID) vertraut machen.

Informationen und Dokumente zu den in Deutschlandvertriebenen Fonds sind kostenlos erhältlich unter www.bdlcm.com, unterwww.fundinfo.com sowie bei BDL Capital Management, 24 Rue du Rocher, 75008Paris. Der Prospekt der SICAV BDLCM FUNDS ist nur in englischer Sprache erhältlich.

Örtlicher Vertreter ist CACEIS Bank S.A., GermanyBranch; Lilienthalallee 36, 80939 München, Deutschland. Die Zahlstelle kann auch kostenlos Informationen und Dokumente über die in Deutschland vertriebenen Fonds zur Verfügung stellen.

Diese Website und die darin verfügbaren Informationen und Dokumente sind nicht für US-Staatsangehörige bestimmt, und CM-AM-Fonds sind nicht für den Vertrieb an US-Staatsangehörige (gemäß der Definition von "U.S. Person" in Regulation S des Securities Act)bestimmt. Die Verwaltungsgesellschaft kann nach eigenem Ermessen Anteile, die von einer US-Person gehalten werden, zurücknehmen oder die Eintragung einerÜbertragung zugunsten einer US-Person ablehnen, um dem Securities Act zu ent sprechen.

BDL Capital Management kann beschließen, den Vertrieb ihrer Organismen für gemeinsame Anlagen gemäß Artikel 93a derRichtlinie 2009/65/EG und Artikel 32a der Richtlinie 2011/61/EU einzustellen.  

Eine Information über das Recht aufBeschwerde oder die Ausübung einer Sammelklage ist in englischer und französischer Sprache auf der Website von BDL Capital Management verfügbar: Vorschriften.

BDL Capital Management Management haftet keinesfalls für direkte, indirekte, Sonder- oder Folgeschäden gleich welcher Art, die durch die Nutzung dieser Website entstehen.

Dem Impressum sind die vollständigen Bedingungen für jeden Besuch dieser Website zu entnehmen.

Ich bestätige, dass ich ein nicht professioneller Anleger oder ein Privatanleger in Deutschland bin und dass ich alle Bedingungen in diesem Hinweis sowie das Impressum gelesen und akzeptiert habe.

This website is strictly restricted to professional investors in Sweden in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwedenLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Sweden(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence.

Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationalityThis website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in theprospectus, the Key Investor Information Document (KIID), the articles ofincorporation or the management regulations, the last annual report and thelast semi-annual report. Prospective investors should refer to the prospectusand Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Sweden are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDL Capital Management, 24 Rue du Rocher, 75008 Paris.

Förvaringsinstitut: CACEIS Bank France, 1-3place Valhubert, 75206 Paris Cedex 13, Frankrike. The facilities agent may also provide information and documents relating to the funds marketed in Sweden free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Sweden in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwedenLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Sweden (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Sweden are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Förvaringsinstitut: CACEIS Bank France, 1-3place Valhubert, 75206 Paris Cedex 13, Frankrike. The facilities agent may also provide information and documents relating to the funds marketed in Sweden free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Switzerland in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwitzerlandLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Switzerland(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Switzerland are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS (Switzerland) SA, Route de Signy 35,1260 Nyon. The facilities agent may also provide information and documents relating to the funds marketed in Switzerland free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Switzerland in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwitzerlandLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Switzerland (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Switzerland are available free of charge at www.bdlcm.com, at www.fundinfo.comand from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS (Switzerland) SA, Route de Signy 35,1260 Nyon. The facilities agent may also provide information and documents relating to the funds marketed in Switzerland free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Spain in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SpainLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Spain(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Spain are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositario: CACEIS Bank France, 1-3 place Valhubert, 75206 París Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Spain free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use fort he exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Spain in accordance with the transposition of MiFID II Directive (Directive 2014/65/UE)in the Spain Laws and regulations. This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Spain (hereafter, the "BDL Capital Management Funds").

This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus andKey Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Spain are available free of charge at www.bdlcm.com at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositario: CACEIS Bank France, 1-3 place Valhubert, 75206 París Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Spain free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Luxembourg(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of informationprovided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositary : CACEIS Bank,Luxembourg Branch, 5, allée Scheffer, L-2520, Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Luxembourg (hereafter, the "BDL Capital Management Funds").

This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositary : CACEIS Bank,Luxembourg Branch, 5, allée Scheffer, L-2520, Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.
‍
In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Italy in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the ItalyLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Italy(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Italy are available free of charge at www.bdlcm.com,at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS Bank France, 1-3 place Valhubert, 75206Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Italy free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Italy in accordance with the transposition of MiFID II Directive (Directive 2014/65/UE)in the Italy Laws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Italy (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus andKey Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Italy are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS Bank France, 1-3 place Valhubert, 75206Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Italy free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Austria in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the AustriaLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Austria(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in theprospectus, the Key Investor Information Document (KIID), the articles ofinrporation or the management regulations, the last annual report and thelast semi-annual report. Prospective investors should refer to the prospectusand Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Austria are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depotbank: CACEIS Bank France, 1-3 place Valhubert, 75206 Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Austria free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to a U.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Austria in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the AustriaLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Austria (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Austria are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depotbank: CACEIS Bank France, 1-3 place Valhubert, 75206 Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Austria free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

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  • contact@bdlcm.com
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