Zurich-based asset management boutique, Fisch Asset Management has launched Fisch CB Global Dynamic fund.
The new fund features a broad range of instruments, allowing it to benefit from the potential of the entire convertible bond universe. This strategy enables institutional investors to enjoy potentially higher returns, while maintaining the security typical of the asset class.
Launched on 31 May 2018, the Fund is authorised for distribution in Switzerland, Germany, Austria, Luxembourg, France, Italy, Belgium and the Netherlands.
It will be managed by Ute Heyward and Filip Adamec, portfolio managers on the convertible bonds team. Fisch now offers investors a total of four convertible bond strategies: defensive, opportunistic, dynamic and sustainable.
Commenting on the launch, Philipp Good, CEO of Fisch Asset Management, said: “The launch of this product is a conscious move by the business to take a more offensive position than we have to date with our current range of investment funds.
“We are primarily looking to target equity investors who want a greater degree of security without sacrificing the potential for strong returns. The current environment of rising interest rates and volatile equity markets is complimentary to convertible bonds as they offer downside protection through their bond component, while permitting unlimited participation in the upside potential offered by equity markets.”
As one of the largest and most experienced convertible bond investment teams in the world, Fisch Asset Management currently manages nearly €5bn in convertible bond assets.
Also read Martin Haycock, senior product manager at Fisch Asset Management, who recently joined the InvestmentEurope Oslo Roundtable 2018, outlined ongoing opportunities in the convertible bonds (CB) asset class.