Paris-headquartered fixed income boutique Anaxis Asset Management has launched Anaxis Income Advantage, a discretionary Ucits fund that aims to benefit from a global and flexible approach to corporate bond market.
It seeks to capitalise on the best opportunities in the credit market and targets a 5% annualised performance, net of fees.
Anaxis Income Advantage is actively managed and relies on in-depth fundamental issuer analysis.
The fund focuses on companies with well-defined sustainable business models, which are protected by high entry barriers and benefit from strong growth momentum and a flexible cost structure.
Anaxis specified the fund does not invest in the financial sector, “which has low visibility due to the lack of transparency.”
The portfolio is heavily focused on developed markets and in not constrained regarding ratings, index and bond maturity.
The fund is diversified in terms of regions and sectors.
Commenting the launch of the fund, Thibault Destrés, co-portfolio manager of the fund, said: “Anaxis Income Advantage adopts a conviction-based approach, drawing on an investment process centred on bond-picking, but deploying a more global and flexible strategy, which enables us to incorporate our best ideas and capitalise on credit market conditions and economic and financial outlook”.
Anaxis AM has been founded in 2009 by Pierre Giai-Levra and Jean-Julien Goettmann.