News & Articles

The fund invests predominantly in investment grade issuers; however, we are prepared to go down a company’s capital structure to find the best combination of yield, value and capital preservation. One feature of the fund is the substantial holding in f …

 There are two important sources of return for the fund. The first, which is significant and always positive, is the income from the underlying bonds. The current yield to maturity of the fund is 3.74%. We received 1.20% in accrued income during the pe …

Performance December started with strong performance as spreads tightened significantly (EUR Investment Grade (IG) spreads tightened by 13 bps on the month) following November’s sell-off. The second part of the month saw flat to tighter spreads against …

Subordinated debt of Financials – Back to the Future The Covid-19 pandemic can be seen as the first real stress test of the revamped European banking sector since the global financial crisis We remain in a bondholder friendly regulatory paradigm Capita …

Going into 2022, there are concerns regarding inflation, as well as tapering and interest rates rising. We are very well positioned for a period of rising interest rates, as we have already demonstrated in the past, as well as in 2021. The fund perform …

Going into 2022, there are concerns regarding inflation, as well as tapering and interest rates rising. We are very well positioned for a period of rising interest rates, as we have already demonstrated in the past, as well as in 2021. The fund perform …

Going into 2022, there are concerns regarding inflation, as well as tapering and interest rates rising. We are very well positioned for a period of rising interest rates, as we have already demonstrated in the past, as well as in 2021. The fund perform …

Spreads of the securities held within our portfolio tightened in December. We saw government bond rates rise slightly in December, as concerns linked to Central Bank tightening and inflation remained. This occurred despite the increase in Covid-19 case …

Spreads of the securities held within our portfolio tightened in December. We saw government bond rates rise slightly in December, as concerns linked to Central Bank tightening and inflation remained. This occurred despite the increase in Covid-19 case …

Spreads of the securities held within our portfolio tightened in December. We saw government bond rates rise slightly in December, as concerns linked to Central Bank tightening and inflation remained. This occurred despite the increase in Covid-19 case …

Since BBVA decided to “innovate” in the green bond market by printing the first green AT1 back in July 2020, there has been significant pushback against green bonds coming in “capital” format – especially bank AT1. Ultimately, the focus should be on th …

The announcement from GFANZ is ambitious but there is still a very wide gap between climate related investments and what is required.

The announcement from GFANZ is ambitious but there is still a very wide gap between climate related investments and what is required.

During October, spreads of the securities held within our portfolio were slightly wider. Concerns linked to tapering and less transitory inflation sparked interest rate volatility causing credit markets to underperform. This was the same for subordinat …

During October, spreads of the securities held within our portfolio were slightly wider. Concerns linked to tapering and less transitory inflation sparked interest rate volatility causing credit markets to underperform. This was the same for subordinat …

Performance of European financials’ green bonds was negatively impacted by rising rates over the month, with German 10-year bund yields rising by circa 10 bps, bringing the total rise to 40 bps since August. While the price move was mainly driven by ra …

During October, spreads of the securities held within our portfolio were slightly wider. Concerns linked to tapering and less transitory inflation sparked interest rate volatility causing credit markets to underperform. This was the same for subordinat …

Romain Miginiac estime qu’à note de crédit égale, une obligation verte peut générer un rendement trois fois supérieur à un titre IG européen.

Romain Miginiac estime qu’à note de crédit égale, une obligation verte peut générer un rendement trois fois supérieur à un titre IG européen.

Romain Miginiac estime qu’à note de crédit égale, une obligation verte peut générer un rendement trois fois supérieur à un titre IG européen.