Edmond de Rothschild Asset Management has launched a new fixed maturity fund that invests in corporate bonds. The fund is called Millesima 2026 and its the 8th fixed maturity fund of its Millesima product range. The fund that will be marketed over 12 months is run by the firm high yield team led by Alain Krief. Krief was appointed head of the Fixed Income team in July 2019.
The fund will invest primarily in euro-denominated corporate bonds with a focus on the high yield, bond selection is based on fundamental analysis of each issuer. It also seeks a high level of issuer, sector and geographical zone diversification. The fund makes discretionary investments, notably using a bond carry strategy, in corporate bonds with maturities falling no later than 31 December 2026.
However, bond carry is not the only strategy as the investment team may shift positions in line with market conditions. The investment team maintains active monitoring of holdings and can change positions to seize attractive opportunities, or if an increase in the default risk of one of the issuers in the portfolio is identified.
Edmond de Rothschild Asset Management has a Fixed Income division made up of 13 fund manager from which 5 of them work in the high yield team. They run more than €6bn under management.
