The fund will be managed by Alain Krief, head of fixed income at the firm, and will commit primarily to corporate bonds rated below BBB (S&P), and some other debt securities.
Issues will be selected based on fundamental analysis and credit research data, with the aim of building a geographically and sector diverse portfolio.
Retail and institutional units are available for purchase, with minimum investments of €100 and €500,000 and management fees of 1.4% and 0.7% respectively.
The fund is benchmarked against the BofA Merrill Lynch BB-B European Currency Non-Financial High Yield Constrained Index and was launched on 26th of March with €50m in assets.
The fund was the second launched by the firm in March. The first was a target maturity fund which will invest up to 50% of assets outside Europe.
