Following the success of the ODDO BHF Euro Credit Short Duration fund, which currently has assets in excess of € 1.6bn, ODDO BHF Asset Management had expanded its offering by launching Global Credit Short Duration fund on 22 October 2018. The fund has already raised more than €109m and is now registered in Switzerland.
The fund offers investors access to a globally diversified portfolio of short-dated corporate bonds. Based on a GDP-weighted allocation, the fund will invest in three main regions: Europe, America and Asia. In addition, added value can be generated through flexible allocation to different countries and investment zones.
ODDO BHF Global Credit Short Duration fund will be managed in Düsseldorf by Alexis Renault, global head of High Yield at ODDO BHF AM, as well as Janis Heck and Ivan Romanenko. The team is supported by 13 portfolio managers and analysts.
The fund, which predominantly invests in high yield bonds rated at least B3 or B, can however increase the proportion of investment grade bonds up to 100% according to the credit cycle phase. Since launching its first high-yield strategy in 2000, the team has not experienced a single default in its portfolio.
The fund has been authorised for distribution in Germany, Austria, France, Italy, Spain and Switzerland. It offers distributing and accumulating share classes for private and institutional investors.