- 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
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
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.