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EURO HIGH YIELD BOND FAM FUND

ISIN

IE00BDRM7R51

NAV Price

109.051

1 Day %

0.1212

YTD %

0.7651

NAV Date

2024-02-15

NAV Currency

EUR

Launch Date

2018-11-15

Share Class

Accumulation


Objective & Strategy

The investment objective of the Sub-Fund is to provide long-term income and capital growth. The Sub-Fund invests primarily in bonds that are unrated or rated below investment grade by one or more of the main credit rating agencies, which are denominated in Euro and may be issued by governments, institutions or companies. The Sub-Fund may invest in developed and emerging markets. The Investment Manager selects investments and creates the portfolio by performing both top-down and bottom-up investment analysis. The bottom-up analysis focuses on transparency and corporate governance criteria and an assessment of legal, reputational and environmental risks as well as an analysis of asset valuations. The top-down analysis focuses on the Investment Manager’s expectations regarding macroeconomic conditions such as growth, inflation and trends in corporate credit quality. The Sub-Fund may also invest in contingent convertible bonds (i.e. bonds that may at some point convert to equities), government debt and commercial paper. The Sub-Fund may use derivatives for investment purposes, to reduce various risks or for efficient portfolio management. Benchmark Information: The Sub-fund is actively managed. The Investment Manager, considering the degree of representativeness of the underlying markets and their liquidity, strategically selects a benchmark (the “Benchmark”) appropriate to the Sub-Fund’s investment policies, which is used as performance comparison. The selected Benchmark is ICE BofAML Merrill Lynch Euro High Yield BB/B Constrained Index. The Sub-fund does not aim to track or replicate the performance of the Benchmark and therefore investors should be aware that the Sub-fund may underperform the Benchmark. There can be no guarantee that the investment objective will actually be attained and investors are explicitly warned that this Sub-Fund is not a capital guaranteed product. Investors can redeem their Shares on any business day in Luxembourg. Investors can ask for full or partial redemption of the Shares held. Recommended for retail investors
■ With a basic knowledge of investing in funds and no or limited experience of investing in the Sub-Fund or similar funds
■ Who understand the risk of losing some or all of the capital invested
■ Seeking to increase the value of their investment and provide income over the recommended holding period of 6 years This is a non-distributing unit class. Investment income is re-invested. Investors may sell on demand on any business day in Luxembourg.


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