Oddo AM launches European bond fund

Oddo Asset Management has launched a fixed income fund, Oddo Rendement 2017, to provide investors with exposure to the European bond market.

The fund will be managed by Xavier Hoche and Muriel Blanchier (pictured).

The pair will aim to ensure Oddo Rendement 2017 outperforms the yields of French euro denominated government bonds with a 2017 maturity date by investing in convertible and corporate bonds.

It will invest in investment grade bonds with a rating equal to or higher than BBB-, as well as high yield bonds graded below BBB- and ungraded bonds.

Hoche and Blanchier will manage the fund on a discretionary basis. Companies with bond grades that do not reflect the quality of their management teams will be their prime targets for investment.

Oddo has launched several bond funds over the years which have demonstrated solid performance since inception. Oddo Rendement 2013 is up 30.4% since launch, Oddo Rendement 2014 up 23.9% and Oddo Rendement 2015 up 4.9%.

The funds are structured as Fonds Commun de Placement (FCP). Minimum investment in Oddo Rendement 2017 is €100 (share class A) or €1m (share class B).

Oddo Asset Management is a subsidiary of French group Oddo & Cie, the €22bn independent financial services group founded over 160 years ago.

Its activities include investment banking and capital management, brokerage on the equity and bond markets, financial analysis, private banking, and asset management.

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