Insight High Grade ABS Fund Class A EUR
ISIN IE00B81CKQ62 / Valor null
Insight High Grade ABS Fund Class A EUR
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General Objective
The fund aims to produce an interest rate-based return by investing in a portfolio of asset-backed securities and corporate floating rate notes, with the benchmark being 3 month sterling Libor. The majority of the fund's ABS are backed by pools of European residential mortgages and have the highest possible credit rating of AAA.
Fund Exposure
The fund primarily invests in asset-backed securities and corporate floating rate notes, with a focus on European residential mortgages. It also includes cash and cash-like investments, derivatives to minimize non-sterling currency risk, and short maturity bonds to manage liquidity. The Investment Manager applies a prudent approach to asset selection to minimize credit risk.
Risks
The fund is ranked in risk and reward category 2 as it invests in bonds, which tend to be more volatile than cash. The value of investments and any income from them is not guaranteed and may fluctuate. The fund is also subject to risks such as the use of derivatives, concentration risk in governmental issuers, investment in high yield bonds, and liquidity risk during stressed market conditions.
Source
https://www.insightinvestment.com/ireland/funds-and-prices/pooled-funds/
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