29 Haussmann Euro Crédit
Key points
A pure bond investment strategy that aims to capture rising yields
A diversified allocation in terms of sectors, maturity and bond category.
A benchmarked portfolio management in euro-denominated corporate bonds
A defensive positioning with the creation of a portfolio principally composed of quality corporate bonds called "Investment Grade"
A responsible offer that take part of the ESG and commitment strategy of SG 29 Haussmann with a focus on the social aspect
Life Insurance
Ordinary Securities Account
Portfolio management process
| Initial Investment Universe (approx. 785 companies) | Made of corporate bonds denominated in euros |
1. Responsibility filter | Sectoral exclusions : Thermal Coal, tobacco, MSCI Red flags, Defense industry, gambling, GMO, adult content, oil and non-conventional gas ESG Integration : Improvement of the MSCI ESG grade Minimal rate of extra-financial analysis of 90% |
2. Fundamental analysis | Analysis of the issuers : Aims to give an exhaustive vision of the financial situation of the issuer (results, debt ratio, liquidity, cash flow, historical rating, equity structure) |
3. Bond selection | Subordination rank and structure of the issuance Liquidity : amount of the issuance and availability on the market Benefit from the opportunities of relative value spread between two issuers, namely on the primary market |
4.Portfolio constuction | Top-Down approach: Set the global level of risk of the portfolio relatively to the benchmark index, reposition the portfolio in terms of duration, of positioning on the credit curve, of risk of credit Diversify the number of issuers in order to limit the idiosyncratic risk Sectoral allocation function of the poistioning in the economic cycle |
Investment decisions incorporate financial as well as non-financial criteria. The integration of environmental, social and corporate governance (ESG) criteria in the stock-picking process is aimed at assessing each company’s ability to transform sustainable development issues into performance drivers. The mutual fund promotes environmental or social characteristics, or a combination of those characteristics, within the meaning of Article 8 of the SFDR.
Characteristics
| Funds | 29 HAUSSMANN EURO CREDIT ISR | |
|---|---|---|
| Fund category | Bonds | |
| Risk level | 3 | |
| ISIN code | FR001400BQ78 | FR001400BQ86 |
| Parts | C | I |
| Eligible subscribers | All subscribers | Institutional Investors |
| Currency | EUR | |
| NAV frequency | Daily | |
| Initial NAV | 1 000 EUR | |
| NAV date | 2023/03/23 | 2023/03/23 |
| NAV | 1 014,70 | 1 016,33 |