Description

• Short-term High-Yield bond fund, which enables the pursuit of an above-average return in its category while protecting capital and containing volatility.
• The portfolio is divided into two parts: the first is designed to generate income gradually and steadily through an active portfolio of short-term High-Yield bonds, while the second invests a portion of the income generated in credit derivative strategies with absolute return objectives.
• The sub-fund aims to generate a net return of 3% above the interest rate of a similar maturity, even in adverse market situations.

Investment Approach

• Reduced volatility and correlation through the implementation of combined strategies
• – Creation of two different sub-portfolios: ALM (short-term active High-Yield portfolio), TR (active strategies with liquid Credit Derivatives)
• Risk budgeting mechanism of active strategies
• Total duration spread between 1 and 3 years
• Maximum gross exposure: 200% (100% cash + 100% credit derivatives).

Why Invest

To benefit from above-average bond market returns, thanks to material exposure to regional high-yield markets and the optionality implicit in active strategies, whose risk is limited to a fraction of the return produced by the fund itself.

Did you know?

The high profits historically generated by the Fundsight Spring fund in the short-term High-Yield bond portfolio and the positive contribution made by the credit derivative portfolio demonstrate the strong synergies that exist between the two sub-portfolios, in terms of containing volatility and optimizing the risk-return ratio.