FCP CAPITAL IMMOBILIER

EQUITY FUNDS

Benefit from a thematic fund investing in listed companies operating in real estate and property

Latest NAV 22/03/2024

  • Net asset value (MAD) 1 217,74
  • NAV calculation frequencyHebdo
  • Net asset (MAD) 737 955,11

PERFORMANCES

Since start of year 04/01/2024 1 week 15/03/2024 1 month 29/02/2024 3 months 28/12/2023 6 months 22/09/2023 1 year 24/03/2023 3 years 02/04/2021
CAPITAL IMMOBILIER 4,63% -0,57% -0,20% 6,40% 9,83% 25,28% 15,46%
Benchmark index 11,25% 1,52% 1,32% 10,31% 15,89% 41,92% 28,29%

Past performance is not indicative of future returns.
For those funds which do not have a complete NAV track-record over the entire period, the performance data provided relate to the performance calculated since the fund’s launch date.

Net asset value

NAVs evolution and benchmark index

MANAGEMENT

Investment guidelines

  • Investment period More than 3 years
  • Benchmark Capital Immo Comp Index
  • Sensitivity Supérieur à 12

Investment objective

Offering to investors an investment vehicle providing exposure to the real-estate sector as well as sectors whose revenues are correlated to the real-estate sector such as construction and building materials.

Investment strategy

The fund shall continuously invest at least 60% of its assets, excluding equity funds securities and cash, in equities, investment certificates and bonus or subscription rights listed on the Casablanca Stock Exchange or any other regulated market that functions regularly and is accessible to the public subject to existing regulations.

The fund shall invest primarily in equities listed on the Casablanca Stock Exchange with an investment bias towards stocks related to the real-estate sector.

The fund may allocate up to 10% of its net assets in foreign currency-denominated holdings subject to the restrictions, rules and conditions of existing regulations.

PORTFOLIO ALLOCATION

Risk indicators

As of   22/03/2024

  • Volatility 13,14%
  • Beta NA
  • Treynor ratio NA
  • Sharpe ratio 0,83
  • Information ratio -0,03
  • Tracking Error 5,17%

Performance calculated Year Over Year.

Characteristics

Inception date02/02/2024

Subscribers Natural and legal persons

Fund typeEQUITY FUNDS

Front-end fee (maximum) 2%

Legal structure FCP

Back-end fee (maximum) 2%

ISIN code MA0000036592

Maximum management fees 2%

Sales network BMCE Bank et BMCE Capital Gestion

Transmission orders J avant 11h30

Minimum subscription NAV

DOCUMENTATION

Weekly report

Quarterly report

WELCOME TO THE BMCE CAPITAL GESTION WEBSITE

AVERTISSEMENT

BMCE CAPITAL GESTION’S LEGAL FORM BMCE

Capital Gestion is a limited company (société anonyme) with a share capital of MAD 25,000,000. Its head office is located at 63 boulevard Moulay Youssef, Casablanca, Morocco. The company is registered in the Casablanca Commercial Register with the number 77,973. BMCE Capital Gestion is an asset management company operating in the Moroccan market in accordance with the provisions of (i) the dahir constituting Law No. 1-93-213 of 4 Rebia II (21 September 1993) relating to Mutual Funds as amended and subsequently complemented by (ii) the provisions of the circulars of the Autorité Marocaine du Marché des Capitaux, Morocco’s financial industry regulatory authority.

LEGAL REGIME APPLICABLE TO THE INFORMATION PUBLISHED ON THE WEBSITE

The information published on this website is for information purposes only and is not legally binding. BMCE Capital Gestion reserves the right to modify the content and its commercial offers at any time. BMCE Capital Gestion endeavours to ensure that the information published on its website is accurate at the time of publication and that it is regularly updated. However, BMCE Capital Gestion cannot be held liable as to the accuracy, exclusivity and use by any individual or legal entity of the information provided. The purpose of this website is to present BMCE’s business and the products and services that is provides to investors. The following pages contain information which should not be construed as a solicitation to individuals or legal entities that are not financial sector professionals or those unfamiliar with market practices. The latter are advised to refer to legal documents relating to the investment in question and to seek the advice of a professional advisor of their choice. BMCE Capital Gestion advises all interested investors to carry out a prior check to ensure that they are legally authorised to subscribe for the products and services described on this website. The following pages will feature only those mutual funds whose sale is authorised in Morocco. The factsheets of the mutual funds approved by the AMMC (Autorité Marocaine du Marché des Capitaux) , Morocco’s financial industry regulatory authority, are available on this website and shall also be provided by investment advisors upon request. It is essential to study a fund’s factsheet in order to understand the type of instrument, the subscription terms and conditions as well as any possible sale restrictions. The tax implications regarding investment in fund units or shares vary according to each investor’s personal situation and may be revised. It is mandatory to make the fund factsheet available to subscribers prior to their initial subscription. All legal documents relating to BMCE Capital Gestion’s mutual funds may be obtained upon request. It is important to note that the price of a fund’s units or shares is linked to financial market trends and therefore fluctuates. Past performance is not indicative of future returns. The performance data presented is for information purposes only and does not exclude the possibility of error and/or omission by BMCE Capital Gestion and/or application malfunctions.

CONDITIONS OF USE RELATING TO OPCVM DIRECT

To be able to place orders via OPCVM Direct platform, the Client is obliged to sign an agreement (hereafter referred to as the 3OPCVM Direct agreement’) with BMCE Capital Gestion. The OPCVM Direct agreement specifies the general terms and conditions applicable for sending and receiving client orders through OPCVM Direct platform and BMCE Capital Gestion’s handling and execution of those orders.

CONDITIONS OF USE RELATING TO THE SIMULATOR

The information generated by BMCE Capital Gestion through its simulator is provided for information purposes only. It is valid only at the time of publication. The simulations do not take into consideration subsequent amendments, if any, to the laws and regulations in effect at the time of the simulation. Moreover, the data used to carry out the simulation may change between the time the simulation is carried out and the completion of the order. Aimed at the entire range of clients, the information provided by the BMCE Capital Gestion simulator does not take into consideration the specific situation of each individual accessing the website as it is intended to be general in nature. The information is generated based on the data provided by the client and information obtained from the markets. The Client should therefore regard the estimates and other items as purely indicative. The information generated by the simulator does not under any circumstance exempt the user of the simulator from consulting our investment advisors particularly to ensure that their specific situation is taken into consideration. It cannot under any circumstance be considered as an offer or a personalised and direct solicitation to subscribe to al fund. It is not legally binding in any way on BMCE Capital Gestion or the user of the website, who is required at all times to appraise the information based on his/her own situation. The person using the website remains solely and entirely responsible for using this information and the consequences of his/her decisions.

CONDITIONS OF USE RELATING TO VIDEOS

The videos available on the website have been provided for the sole purpose of providing general information and cannot be considered as a substitute for (i) studying the legal documentation relating to each investment vehicle and (ii) consulting your own legal and financial advisors prior to investing. The aforementioned videos have been made for information purposes only and cannot be regarded as a sales offer or a solicitation to buy any financial instrument referred to in these videos. BMCE Capital Gestion has not produced the videos for the purpose of providing financial or investment advice and does not claim that the securities or services referred to in the videos are suited to every type of investor. The videos must strictly be considered as solely expressing the views of their authors.

WEBSITE AVAILABILITY

The BMCE Capital Gestion website is accessible 24/7, except in exceptional circumstances, in the event of IT breakdowns or problems related to telecoms networks. The website may also be partially or completely inaccessible due to maintenance. BMCE Capital Gestion will endeavour to inform users but cannot be held liable in the event that the website cannot be accessed.

REPRODUCTION RIGHTS

The entire content published on the website is legally protected in respect of literary, artistic and industrial property. The text, illustrations, photos, videos and animations including the downloadable documents are the property of BMCE Capital Gestion or are used by the latter with the consent of those owning the rights. It is strictly forbidden to reproduce or represent this information, either partially or entirely, on any medium whatsoever without obtaining the prior written consent of BMCE Capital Gestion. The brands/trademarks, logos, slogans as well as the product names are the property of BMCE Capital Gestion and may be used only after obtaining authorisation. Any reproduction or use of the material without the prior written consent of BMCE Capital Gestion may have legal consequences for the user and is liable to be regarded as an infringement.

HYPERLINKS

BMCE Capital Gestion cannot be held legally responsible with regard to the content of third party websites to which users of its website are directed by clicking on embedded links. BMCE Capital Gestion is not legally liable for links that direct users to its website. It is forbidden to embed such links without the prior written consent of BMCE Capital Gestion.

LAW RELATING TO THE PROTECTION OF PERSONAL DATA

The Client expressly gives his/her prior consent to personal data being collected and processed in accordance with the provisions of Law No. 09/08 relating to the protection of personal data and with the authorisation No. A -GC -121/2014 from the CNDP (National Personal Data Control and Protection Commission). Processing of personal data is designed to meet the commercial requirements inherent in relations between BMCE Capital Gestion and its partners. This data will be stored for a period of time that is deemed reasonable and sufficient with regard to the business relationship that exists between BMCE Capital Gestion and its client. Consequently, in accordance with Law No. 09/08, clients have a right of information and to access, rectify and raise an objection with regard to their personal data. Clients can exercise these rights by writing to BMCE Capital Gestion.