ODDO BHF Asset Management has expanded its franchise by launching ODDO BHF Global Credit Short Duration. The fund was launched on 22 October 2018 and has already raised more than €65m.
The new strategy gives access to a globally diversified portfolio of short-dated corporate bonds. Based on a GDP weighted allocation the fund will invest across the three main regions: Europe, Americas and Asia. Additional value can be generated through flexible allocation across countries and regions.
Short-dated corporate bonds offer an attractive risk-return profile in the current low-interest environment. As the risk of default decreases over time, strategies focusing on shorter maturities benefit from lower default risk while yields are still at an attractive level. At the same time, shorter maturities are less sensitive to interest rate and spread moves.
ODDO BHF Global Credit Short Duration is managed in Düsseldorf by Alexis Renault, global head of High Yield at ODDO BHF AM with the support of Janis Heck and Ivan Romanenko and a team of 13 portfolio managers and analysts. The fund will invest predominantly in high-yield bonds with a rating of at least B3 or B- but can increase the portion of investment-grade securities to up to 100% depending on the credit cycle.
It has been registered for distribution in Germany, Austria, France and Spain. It is available in the form of distributing and accumulating share classes for both private and institutional investors.