high yield bond fund launched

Oddo and Cie has launched an open-ended European high yield corporate bond fund with dollar, euro and Swiss franc share classes.

high yield bond fund launched

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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.

 

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