UBAM - Global Convertible Bond Z EUR
ISIN LU0946661989 / Valor 21670040
UBAM - Global Convertible Bond Z EUR
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General Objective
The fund aims to grow capital and generate income by primarily investing in convertible bonds or equivalent with a minimum rating of B- (S&P or FITCH) or B3 (Moody's) or an equivalent internal rating determined by the Investment Manager. The Fund promotes environmental (E) and social (S) characteristics while investing in companies with good governance practices.
Fund Exposure
The fund may invest up to 100% in High yield (including non convertible bonds or similar up to 20%), 50% in Emerging countries, and 10% in equity (excluding preferred shares). The equities held by the Fund will only be the result of bond conversions and will be sold within a period of maximum 6 months. The Fund may use derivatives such as futures, swaps, options, and foreign-exchange forward contracts to hedge the portfolio and/or expose it to equity, interest rate, credit, foreign-exchange, and volatility risk.
Risks
The fund is exposed to risks such as counterparty risk, credit risk, currency risk, and emerging country risk. Counterparty risk arises from the use of over-the-counter derivatives, credit risk from investing in bonds, cash, or other money market instruments, currency risk from investing in overseas markets, and emerging country risk from investing in developing overseas countries which carry a higher risk than investing in larger established countries.
Source
https://www.ubp.com/zh/asset-management/funds/lu0940718959
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