Vontobel scraps sustainable euro bond fund

Swiss asset manager Vontobel has liquidated the Vontobel Fund II – Sustainable Euro Bond Concept fund on 11 May 2018, InvestmentEurope can reveal.

The fund invested in euro-denominated fixed income securities of countries, companies and other issuers promoting sustainable business practices.

In a notice to shareholders, the manager explained assets of the fund were no longer sufficient to enable its efficient management. According to Morningstar data, AUM in the fund were €11.13m as of 9 May 2018.

The Vontobel Fund II – Sustainable Euro Bond Concept fund had been launched in 2013 and was overseen by Daniel Karnaus.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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