BNP Paribas Funds USD Short Duration BondPrivilegeD
ISIN LU0823383657 / Valor 23578512
BNP Paribas Funds USD Short Duration BondPrivilegeD
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General Objective
The fund aims to increase the value of its assets over the medium term by investing in government and/or corporate bonds and other debt instruments denominated in USD with an average duration that does not exceed four years. The fund is actively managed and not benchmark constrained.
Fund Exposure
The fund is exposed to government and/or corporate bonds and other debt instruments denominated in USD with an average duration that does not exceed four years. The fund also considers environmental, social, and governance (ESG) criteria in its decision-making process. The benchmark used for performance comparison is ICE BofA 1-3 Years US Treasury (hedged in EUR) (RI).
Risks
Investors should be aware that the fund's performance may deviate significantly from that of the benchmark. Additionally, while the fund aims to hedge its currency exchange risk against the portfolio exposure currency, the currency exchange risk cannot be completely neutralized as the hedging technique is based on the fund's NAV.
Source
https://www.bnpparibas-am.com/AM_DE-PRO/fundsheet/fixed-income/bnp-paribas-usd-short-duration-bond-privilege-c-lu0111478441
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