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UBAM - Corporate Euro Bond AC EUR

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Capture the opportunities of the euro credit market using a proactive macro-driven approach

UBAM - Corporate Euro Bond provides investors with access to the euro investment-grade credit market. The portfolio’s credit exposure is managed proactively by an investment team with considerable credit expertise.


Key points

  • Proactive management of credit exposure via disciplined implementation of our top-down views
  • Euro investment-grade credit fund that can opportunistically diversify into high yield as a source of extra return
  • Risk management at all steps of the investment process: real-time monitoring of the portfolio’s P&L
  • Nine investment professionals with considerable credit expertise and more than ten years’ average experience overseeing credit assets

Investment case

Euro investment-grade corporate bonds form a significant part of balanced investment portfolios’ asset allocations. As well as providing attractive returns, (they have averaged 5.4% per year). The asset class has also demonstrated contained volatility of 3.4% annualised. Euro investment-grade credit offers an appealing and diversified income exposure.

Sources: UBP, Bloomberg, BofA Merrill Lynch indices since 31.12.1996, as of 31.12.2014

Fund concept

UBAM - Corporate Euro Bond is a euro investment-grade credit fund with a moderate average maturity.
The fund consists of a core portfolio that invests primarily in eurodenominated credit issued by a diverse range of financial and non-financial companies. Managing the portfolio’s credit exposure relative to the market (its beta) is based on a top-down approach, while companies are selected using a bottom-up, fundamental process.

Performance

UBAM - Corporate Euro Bond AC EUR
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years Since launch
Historical performance 0.90% 1.26% 1.23% 1.39% 2.06% 3.36%
Calendar year 2019 2018 2017 2016 2015
Calendar year 5.12% -1.87% 2.52% 4.30% -1.28%
12 months rolling 11.19 - 11.20 11.18 - 11.19 11.17 - 11.18 11.16 - 11.17 11.15 - 11.16
12 months rolling 1.23% 5.35% -2.28% 3.45% 2.70%
Disclaimer

Performance under 1 year is shown cumulated. Performance over 1 year is shown annualised.

Past performance is not indicative of present and/or future results. Price and availability are subject to change without notice. The value of investments may go up or down and investors may not get back the amount invested. Changes in foreign exchange rates may also cause the value of investments to fluctuate.

Library

LEGAL DOCUMENT
Title Updated English German French Italian
Annual report 31.12.2019 PDF
KIID 19.02.2020 PDF
Prospectus 28.02.2020 PDF
Semi-annual report 30.06.2020 PDF
Shareholders letter 26.02.2020 PDF PDF PDF PDF
Status – Articles of Association 04.02.2020 PDF
MARKETING DOCUMENTATION
Title Updated English German French Italian
Factsheets 31.10.2020 PDF PDF PDF PDF
Monthly Report 31.10.2020 PDF
Product card 31.12.2020 PDF PDF PDF PDF
Quarterly comment 30.09.2020 PDF

Registration

ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GIGibraltar
IEIreland
ILIsrael
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GIGibraltar
IEIreland
ILIsrael
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan

Italy: I shares are only notified to the CONSOB.

Singapore: Sub-funds registered with the MAS (Monetary Authority of Singapore) can only be offered to “accredited investors”.


Fiscal information

Titre Statut
End of fiscal year 31 December
UK RFS Yes Reportable Income
German transparency Yes Investor Report
Austrian transparency Yes
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • LU0095453105
  • Data as at
  • 25.11.2020
  • Latest NAV
  • 204.76 EUR
  • Fund's AUM
  • 64.98M EUR

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency EUR
  • Asset class Fixed Income
  • Geographical bias Europe
  • Inception date 11.03.1999

Share class data

  • Description AC EUR
  • Launch date 11.03.1999
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 0.50%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg UBMSEUY LX
  • Telekurs 352802
  • Reuters 60036104
  • WKN 926408
  • SEDOL 5661554
  • Morningstar N/A
  • Financial Express UC71

Manager(s)

    Philippe Gräub