Axiom Obligataire P(1)C EUR (V)
ISIN LU2841124402 / Valor null
Axiom Obligataire P(1)C EUR (V)
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General Objective
The objective of this Fund is to achieve a return similar to or greater than that of its benchmarks (ICE BofAML Euro Financial Index, ICE BofAML Euro Corporate Index, and ICE BofAML Contingent Capital Index) over a minimum 3-year investment horizon. The Fund is actively managed and may take exposure to companies, countries, or sectors not included in the Benchmarks.
Fund Exposure
The Fund primarily invests in bonds or debt securities issued by European financial institutions. It may also invest in contingent convertible bonds and regulatory capital instruments issued by banks. The Fund is not sector-specific and may hedge its credit risk through Credit Default Swaps (CDS). Additionally, the Fund is permanently exposed to interest rate markets in OECD countries, particularly in the euro area, the United Kingdom, Switzerland, and the United States.
Risks
The Fund may invest in securities rated below a certain credit rating, which fall into the speculative category. Additionally, a part of the assets may be denominated in currencies other than the reference currency, leading to residual currency risk. The Fund is managed within a 0 to 10 sensitivity scale, and arbitrage operations may be executed depending on market conditions and opportunities. The recommended investment horizon is at least three years.
Source
https://www.axiom-ai.com/en/our-funds/detail/LU2648982267
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