TwentyFour AM launches new ABS fund

TwentyFour AM, a fixed income boutique of Zurich-based asset manager Vontobel has announced the launch of a new asset backed securities fund aimed at income oriented investors.

The new TwentyFour Monument European ABS fund offers investors access to a portfolio of securitised credit card- and mortgage debt as well as car loans.

It will be managed by Ben Hayward, who heads TwentyFour AM’s eight person strong asset management team.

The fund is domiciled in Luxembourg and offers Euro, Swiss Franc and US Dollar denominated share classes, it is aimed at institutional investors at an annual management fee of 0.50%.

For the last three years, the strategy has offered an annualised gross return of 7.3 percent at a volatility of 2.5 percent and a gross return of 2.4 percent.

TwentyFour AM currently manages CHF12.3bn (€10.79bn) of which CHF6.3bn (€5.52bn) in asset backed securities.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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