Swisscanto to launch high yield bond fund

The Swiss cantonal banks’ joint venture Swisscanto has announced the launch of a new high yield corporate bond fund, Swisscanto (LU) Bond Invest Secured High Yield, as of 27 June 2014.

The fund consists of corporate bonds of companies with lower credit ratings, which increasingly search for alternatives to cover their capital requirements in issuing secured bonds which are collateralised through company assets.

At the same time, the fund refuses investments in companies with a CCC credit rating, thereby offering a comparatively lower default risk. It will be managaged by Omar Saeed (pictured), head of global high yield at Swisscanto.

The Swisscanto (LU) Bond Invest Secured High Yield is open for subscription from 13 to 27 June 2014 (12 noon) in various currency-hedged tranches for private investors (A/B tranches) and institutional investors (P tranches) in Swiss francs, euros and US dollars.

Key data of the fund can be found below.

Fund name FMF* p.a. Securities
No. ISIN WKN
Private clients
Swisscanto (LU) Bond Invest Secured
High Yield H CHF A 1.20% 24237163 LU1057798362 A112B6
Swisscanto (LU) Bond Invest Secured
High Yield H CHF B 1.20% 24237200 LU1057798446 A112B7
Swisscanto (LU) Bond Invest Secured
High Yield H EUR A 1.20% 24237576 LU1057798958 A112CD
Swisscanto (LU) Bond Invest Secured
High Yield H EUR B 1.20% 24237603 LU1057799097 A112CC
Swisscanto (LU) Bond Invest Secured
High Yield H USD A 1.20% 24238122 LU1057799337 A112CF
Swisscanto (LU) Bond Invest Secured
High Yield H USD B 1.20% 24238128 LU1057799410 A112CG
 
Institutional clients/Asset
management clients
Swisscanto (LU) Bond Invest Secured
High Yield H CHF P 0.52% 24237465 LU1057798792 A112B9
Swisscanto (LU) Bond Invest Secured
High Yield H EUR P 0.52% 24237608 LU1057799170 A112CB
Swisscanto (LU) Bond Invest Secured
High Yield H USD P 0.52% 24238130 LU1057799501 A112CH
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