iMGP European Subordinated Bonds I USD HP
ISIN LU2746643472 / Valor null
iMGP European Subordinated Bonds I USD HP
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General Objective
The fund's objective is to generate investment growth mainly through subordinated bonds, including convertible bonds and contingent convertible bonds, issued by European entities or entities predominantly active in Europe. The fund may also invest in other fixed income securities, including ABS.
Fund Exposure
The fund is exposed to European bonds, with a focus on subordinated bonds, including COCOs. The fund's asset allocation includes 30% COCO exposure, close to 50% Tier2 exposure, and 14% Hybrids exposure. The fund may also invest in Credit Default Swaps as part of its investment policy.
Risks
Risks associated with this fund include interest rate sensitivity, credit risk, and market volatility. The fund's performance may be impacted by changes in interest rates, credit quality of the underlying securities, and market conditions. Additionally, currency fluctuations may affect returns for investors whose natural currency differs from the fund's currency.
Source
https://www.imgp.com/uploads/mediacenter/62388ec41b574_Target%20Market_Summary%20Table%20-%202022.03.pdf
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