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UBAM - Global Sustainable Convertible Bond IHD CHF

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UBAM - GLOBAL SUSTAINABLE CONVERTIBLE BOND

Drawing on the convex nature of convertible bonds within a responsible investment framework

The dual nature of convertible bonds – a bond instrument with an embedded conversion option – allows them to combine the defensive qualities of fixed-income securities with the upside potential of equities. This attractive feature is at the root of the asset class’ intrinsic convexity.

UBAM – Global Sustainable Convertible Bond aims to provide investors with the asymmetric risk–return profile of convertible bonds within a socially responsible investment (SRI) framework.

 

Key points

* The combination of two areas of expertise: convertible bond  management & extra-financial analysis

* A conviction-driven approach focused on companies combining strong financial value and high sustainability standards

* A cautious approach to credit risk embedded throughout the investment process

* Focus on sustainability issues with material impact on corporates’ performances, starting with climate risk

* A volatility-controlled exposure to companies with superior growth prospects in sectors exposed to attractive secular trends

* Regional diversification across the main convertible bond markets (the US, Europe, Asia)

 

Investment case

Convertible bonds have a long track record of delivering equity-like returns with much lower volatility and reduced drawdowns over the long term. This comes from their dual nature – a bond instrument with an embedded conversion option – which grants them an asymmetric risk–return profile relative to equities.

The benefits of convexity make convertible bonds an “all-weather” asset class as regards portfolio construction. Besides this, being partly exposed to equities, convertible bonds have lower sensitivity to interest rate movements than straight bonds of identical duration.

The outlook for the asset class is highly favourable as an increasing number of companies are turning to convertibles for their financing needs and investors are increasingly seeing them as a valid alternative to both equities and bonds.

With UBAM – Global Sustainable Convertible Bond, UBP offers access to convertible bonds’ intrinsic convexity for investors keen to expose some of their assets, through SRI, to issuers that value fairness and sustainability in investment.

 

Fund concept

UBAM - Global Sustainable Convertible Bond seeks to capitalise on the convex nature of convertible bonds through a balanced aggregate sensitivity to equity markets and careful analysis of the credit risk. A global allocation enables investors to benefit from a wide range of investment opportunities, including companies with superior growth prospects and exposure to attractive secular trends (e.g. technology and healthcare).

Aside from convertible bonds’ most attractive features, the strategy promotes sustainability in investment through stringent environmental, social and governance (ESG) criteria.

This leads the team to favour companies that stand out for their commitment to sustainable development, based on the assessment of four equally weighted pillars: climate risk, environmental strategy, social capital, and governance.

The combination of convexity-driven financial analysis with a stringent extra-financial assessment of the issuers aims to provide investors with enhanced convexity benefits in a sustainable framework over a complete market cycle.

Performance

UBAM - Global Sustainable Convertible Bond IHD CHF
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years Since launch
Historical performance -2.88% -3.21% -3.21%
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 French German Italian
Annual report 31.12.2019 PDF
KIID 19.02.2021 PDF
Prospectus 10.12.2020 PDF
Semi-annual report 30.06.2020 PDF
Status – Articles of Association 04.02.2020 PDF
MARKETING DOCUMENTATION
Title Updated English French German Italian
Product card 31.12.2021 PDF PDF PDF 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 No
German transparency No
Austrian transparency No
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • LU2256754651
  • Data as at
  • 04.03.2021
  • Latest NAV
  • 96.79 CHF
  • Fund's AUM
  • 45.57M EUR

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency CHF
  • Asset class Convertible Bond
  • Geographical bias Global
  • Inception date 21.01.2021

Share class data

  • Description IHD CHF
  • Launch date 03.02.2021
  • Dividend type Distribution (yearly)
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 0.55%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg N/A
  • Telekurs 58664880
  • Reuters N/A
  • WKN N/A
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express N/A

Manager(s)

    Marc Basselier