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An innovative and cautious strategy to catch the opportunities available on European High Yield markets.
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| Investment Objective |
| Overthe advised investment period of 5 years, the fund’s objective is to outperform the average yield of the French 10 year government bond (TEC 10) plus 200 basis points. |
| Investment Strategy |
The performance is the result of the management of a diversified portfolio of high yield debt issued by European corporates, without the use of leverage.
Free from any index tracking constraint, the manager follows both a top-down approach, including economic data and sectorial analysis to shape the fund’s structure, and a bottom-up approach focused on proprietary credit analysis of each issuer to select the securities in respect of specific criteria. |
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Portfolio Managers & Advisors
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| Investment Universe |
The portfolio is mainly invested in high yielding corporate bonds from OECD issuers, rated between BB+ and B- (S&P) or Ba1 and B3 (Moody’s).
The fund can also exceptionally and marginally invest in debt instruments rated CCC (S&P) or Caa (Moody’s).
The fund is allowed to use CDS (credit default swaps) as an investment tool as well as for hedging purposes. |
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| Management Parameters |
Recommended minimum investment period: 5 years
Reference index: TEC 10 |
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Performances as of 3/11/2010
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| Return Since Inception | 2010 | 2009 | 1-Year Return | 3-Year Return | 5-Year Return | 52-Week Volatility |
| LFP Opportunity - Delff Euro High Return € High Yield | 12.94% | 3.05% | 47.67% | 47.41% | - | - | 10.28 % |
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Key Figures
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| Net Asset Value | EUR 1,129.42 |
| AUM | EUR 30,251,049.23 |
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Fund Features
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| ISIN Code | LU0306489781 |
| Category | Obligations |
| Ticker Bloomberg | - |
| Currency | EUR |
| Creation date | 29/06/2007 |
| Valuation Frequency | Hebdomadaire Vendredi |
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