EQS Group-News: Bellevue Asset Management AG / Keyword (s): Product launch
11.10.2021 / 07:00
Press release of October 11, 2021
Bellevue Asset Management launches Bellevue Global Income (Lux) Fund
New bond investment alternative
With the launch of the Bellevue Global Income (Lux) Fund, Bellevue Asset Management offers investors a new innovative fixed income solution. The ISIN B-EUR fund LU2382177330) was launched on September 30, 2021 and is based on a bond strategy that has already been successfully applied for many years in the widely diversified Bellevue Global Macro fund. The investment objective of the new fund is to obtain an excess return of 2% to 4% over the 3-month euro money market rate.
The new fund will be managed by Alexandrine Jaecklin and Lucio Soso, who also manage Bellevue’s Global Macro strategy. “We have gained extensive experience in implementing the Global Macro strategy over the past eleven years, which we can now apply to the pure bond solution,” explains Jaecklin, Head of Bond Investments at Bellevue. The neutral portfolio of the Bellevue Global Income Fund will be composed of 50% high yield bonds and 50% government bonds. It is derived from an internal analysis of asset allocation models which indicates that this allocation is among the most efficient portfolio allocations. It alleviates the drawbacks of a pure high yield bond portfolio by offering higher liquidity, lower volatility and lower drawdowns.
“The high yield segment is very heterogeneous and offers good investment opportunities. It is the contributor to performance, ”underlines Jaecklin. If necessary, if the investment environment changes, the high yield allocation can be reduced by up to 30% or increased by up to 70%. The risk-return is managed through the allocation of government bonds, which is the contributor to protection. “Government bonds protect the portfolio while contributing positively to performance,” adds Soso. Fund managers can use futures contracts to open long or short positions in government bonds. “This allows us to invest very profitably with high levels of liquidity,” added Soso. The fund’s management team also relies on its established and effective investment principles. “Our investment decisions are guided by fundamental analysis and we only invest in stocks that we clearly understand,” says Jaecklin. “Portfolio stability is important and will help us keep transaction costs as low as possible. “
Another increasingly important aspect is the integration of ESG criteria. For the Bellevue Global Income Fund, relevant ESG aspects are taken into account at every step of the investment process. To do this, Bellevue is partnering with leading ESG research providers around the world.
The new fund is listed in euros; portfolio positions in other currencies such as Swiss Franc, US Dollar and British Pound are hedged.
Bellevue Asset Management SA
Seestrasse 16 / PO Box
CH-8700 Küsnacht / Zurich
Phone. +41 44 267 67 09
Bellevue – Excellence in specialized investments
Bellevue is a specialist asset manager listed on the SIX Swiss Exchange with core competencies covering healthcare strategies, entrepreneurial strategies, alternative and traditional investment strategies. Founded in 1993, Bellevue, an investment ideas house made up of 100 professionals, generates attractive returns on investment and creates added value for clients and shareholders. Bellevue managed assets of CHF 14.4 billion as of June 30, 2021.
Disclaimer: This material is not intended for, nor intended for distribution or use by any person or entity who is a citizen or resident of any locality, state, country or jurisdiction where a such distribution, publication, availability or use would be contrary to law or regulation. . The information and data presented in this document cannot be considered as an offer to buy or sell or an invitation to subscribe to securities or financial instruments. The information, opinions and estimates contained in this document reflect judgment as of the date of initial publication and are subject to change without notice. Any liability for the accuracy or completeness of all information contained in this document is expressly excluded. This information does not take into account the specific or future investment objectives, the financial or tax situation or the particular needs of any specific recipient. This document does not constitute independent investment research. Interested investors should always seek professional advice before making an investment decision. The information in this document is provided without any warranties or guarantees, for informational purposes only, and is intended for the personal use of the recipient only. Every investment carries a certain risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that a foreign currency will lose value against an investor’s base currency. This document does not reflect all the possible risk factors associated with an investment in the aforementioned securities or financial instruments. Historical performance data and financial market scenarios are neither a guarantee nor an indicator of current or future performance. The performance data is calculated without taking into account the commissions and costs resulting from subscriptions and redemptions. Commissions and costs negatively affect performance. Financial transactions should only be carried out after an in-depth study of the current prospectus and are only valid on the basis of / or / and are subject to the conditions set out in the most recently published prospectus and annual or semi-annual report. Bellevue Funds (Lux) SICAV is admitted for public distribution in Switzerland. Representative in Switzerland: Waystone Fund Services (Switzerland) SA, Avenue Villamont 17, CH-1005 Lausanne. Paying agent in Switzerland: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, PO Box, CH-8022 Zurich. Bellevue Funds (Lux) SICAV is admitted for public distribution in Austria. Payment and Information Agent: ERSTE BANK der oesterreichischen Sparkassen AG, Am Belvedere 1, A-1100 Vienna. The Bellevue Funds (Lux) SICAV is admitted for public distribution in Germany. Payment and information agent: ACOLIN Europe GmbH, Reichenaustrasse 11a-c, D-78467 Constance. Bellevue Funds (Lux) SICAV is registered in the CNMV register of foreign collective investment undertakings distributed in Spain, under registration number 938. Representative: atl Capital, Calle de Montalbán 9, ES-28014 Madrid. The Prospectus, the Key Investor Information Document (“KIID”), the articles of association as well as the annual and semi-annual reports of the Bellevue Funds under Luxembourg law are available free of charge from the representative, payers, facilities and agents of Luxembourg. information mentioned above. as well as Bellevue Asset Management AG, Seestrasse 16, CH-8700 Kusnacht. For fund units distributed in Switzerland or from Switzerland, the place of performance and jurisdiction are established at the representative’s registered office.
End of press release