Società di Gestione

• Edmond de Rothschild AM (Lux)
• - Lussemburgo

Politiche di gestione

At any time, the Product may invest up to 100% of its net assets in debt securities with rating below the investment grade (i.e. between BBB and CCC as rated by Standard & Poor’s or equivalent rating range from another recognised agency). Subject to market conditions, an average rating between BB+ and B is anticipated. The Investment Manager conducts an internal credit analysis of every security acquired.In the event that a bond is downgraded below CCC, the appropriate response, including recovery of outstanding amounts or sale of the instrument, will be determined on an ad hoc basis. In any event, the Product's exposure to distressed or defaulted securities will never exceed 10% of its net assets. Investments in unrated debt securities may represent up to 20% of its net assets. Investments in distressed or default debt securities are not authorised. The Product's exposure to emerging markets will not exceed 10% of its net assets and the invested issuances will have at least one rating from Standard & Poor’s or another recognised agency. At least 50% of the Product's net assets will be denominated in the currencies of EU member states. The Product may invest in contingent convertible bonds (“CoCos”) up to 15% of its net assets. The Product may not invest in asset backed securities (“ABS”), mortgage backed securities (“MBS”) and collateralised loan obligations (“CLOs”). The Product may also invest up to 10% of its net assets in other UCITS and/or UCI, including UCITS exchange traded funds (“ETFs”), with a similar investment policy and in compliance with provisions set out in Art. 41(1) of the 2010 Law.