UBAM - Euro Corporate IG Solution IHC USD
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General Objective
The fund aims to optimize income in Euro while maintaining similar risk characteristics as the Euro investment grade corporate bond market. It seeks to outperform the ICE BofAML Euro Large Cap Corporate Index by actively managing its portfolio to take advantage of specific investment opportunities.
Fund Exposure
The fund primarily invests in Credit Default Swaps ("CDS") for credit exposure and bonds and/or interest rate futures for interest rate exposure. The overall portfolio will have a minimum modified duration of 2 years. While the fund's risk profile will be similar to the Benchmark, its investments are expected to deviate materially from the Benchmark's constituents in terms of countries, sectors, issuers, and instruments.
Risks
Some of the specific risks associated with this fund include counterparty risk, credit risk, ESG and sustainability risk, and liquidity risk.