The 2021 audited annual report of FDC's SICAV is now available.

At the end of 2021, the SICAV achieved a performance of 12.03%, outperforming its strategic benchmark by 2.46%. This result was mainly due to the strong performance of equities, which rose by 28.18% in 2021, while the strategic benchmark associated to this asset class grew by 26.17%. Bonds showed a negative result of -2.53%, but outperformed its strategic benchmark by 4 basis points. Money market funds performed -0.53% in a still very low interest rate environment, while the respective strategic benchmark closed the year with a result of -0.60%. Finally, global real estate was very strong in 2021 with a performance of 25.18%, corresponding to an outperformance of 9.73% compared to its strategic benchmark.

The value of the SICAV at the end of the year was EUR 24.60 billion, an increase of some EUR 3 billion over the previous year. This increase was due to net annual subscriptions totalling 375 million euros and capital gains of approximately 2.63 billion euros.

Click here to downlod the full report.  

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