Quarterly Update
Watch the investment team recap this quarter.
(Note: Filmed in October 2024).
INVESTMENT OBJECTIVE
The investment objective of the Euro High Yield Bond Fund is to provide a high overall yield and potential for capital growth.
The Fund will invest at least 70% of its net assets in sub investment grade corporate debt securities with a credit rating equivalent to BB+ or lower and denominated in Euros and Sterling. The Fund can invest in fixed and variable rate and index-related securities issued by corporate, government, supranational institutions and local and regional agencies. The Fund may invest up to 20% of its net assets in contingent convertible bonds.
The Fund may make use of one or a combination of the following instruments / strategies in order to achieve the Fund’s objective including, but not limited to, asset and mortgage backed securities, convertible bonds, structured notes, options, OTC swaps (such as interest rate swaps, credit default swaps, credit default swaps on indices and total return swaps), and forward foreign exchange contracts.
ABOUT THIS FUND
- Access the total return potential of European high-yield bonds through a portfolio diversified by issuers, sectors, and geography
- High-conviction portfolio with the ability to access smaller, less-liquid issuers, all actively managed to reflect market changes
- Security selection drives returns; focuses on company metrics, corporate strategy, and bond covenants in context of credit cycle and market conditions
High yield in a low yield world
In a yield-starved world, investors are seeking returns that can potentially give a lift to their fixed income portfolios.Â
