Axa launches fixed-term high-yield European bond fund

Axa_buildingAxa Investment Managers has launched a fixed-term high-yield European bond fund. The Axa IM Maturity 2023 Fund, to be managed by senior portfolio manager Yves Berger, will primarily invest in businesses with “solid business fundamentals”. Axa’s new fund follows the launch of a Maturity 2020 fund in October 2015 and a Maturity 2022 fund in November 2016. “Our strategy with this fund is to invest in securities we believe we can hold for the full term of the fund and to diversify the portfolio as much as possible to minimise the risk of defaults,” said Berger. “Our approach of investing with a fixed maturity aims to help clients tackle the ongoing challenge of low yields and volatile markets. By staying invested for the full six-year life of the fund investors can pay less attention to the interim price movements.” In 2023 all bonds will either be repaid or sold, in the absence of defaults. The fund is available to retail and institutional investors in Belgium, France and Spain and is available to institutional investors only in Italy and the UK. ©2017 funds europe

Sponsored Profiles

SPONSORED FEATURE: Investing for income

May 17, 2017

Portfolio Manager Thomas Kruse examines the findings from Pioneer Investments’ survey on income investing and outlines ways of achieving a target income.

SPONSORED ARTICLE: A radical solution to KYC concerns

May 17, 2017

The 1MDB affair shows that lax know-your-customer and due-diligence procedures are a major risk, says Paolo Brignardello, head of product management and marketing, Fundsquare. New solutions are...

SPONSORED FEATURE: AIFMD - What does Brexit mean?

Apr 18, 2017

An open discussion between funds industry experts and initiated by SGG Luxembourg took place in London to examine  the implications of Brexit for UK fund managers marketing to the EU.

SPONSORED FEATURE: Luxembourg fund reporting – CRS vs FATCA

Apr 18, 2017

Luxembourg funds need clear procedures for CRS compliance, writes Andrew Knight, Partner at M Partners, a member of the Maitland network of law firms.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

MARKETING & BRANDING ROUNDTABLE: It’s about aspiration

May 17, 2017

With such an intangible product, it can be hard for asset managers to communicate what they do. Having personality and connecting with customer aspirations may be the key, our branding roundtable hears.

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.