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LO Funds - Euro BBB-BB Fundamental (USD) P D

Ranked 12 out of 16 in - Euro Corporates over 12 months
All calculations are in USD unless stated

Managed by

Jérôme Collet

Jérôme Collet is a senior portfolio manager and head of the Fundamental Fixed Income Portfolio Management Team. He joined Lombard Odier IM in January 2010. Prior to joining Jérôme was risk manager and quantitative analyst in the euro fixed income investment centre at Fortis Investments in Paris. Following the merger with ABN AMRO Asset Management in 2007, he developed and managed quantitative strategies at the merged organisation in London. Previously, he was a teacher and researcher in finance and statistics at the University of Reims in France. He began his career as a researcher in finance and mathematics at Queensland University of Technology in Australia in 2004. Jérôme earned a PhD in mathematics from the University of Reims in 2003.

Ashton Parker

Ashton Parker is a senior credit analyst and head of the Fundamental Fixed Income Credit Research team. He joined Lombard Odier IM in March 2011. Prior to joining Ashton was a senior credit analyst covering industrials, infrastructure, transport and utilities at Goldman Sachs Asset Management. Previously, he was a senior credit analyst at Insight Investment from 2004 to 2008. Before that, he was a senior credit analyst in the capital markets group of Danske Bank, covering the retail, consumer, industrial and automotive sectors. He began his career at NatWest Group after being sponsored through university, where he held credit-related roles including traditional bank lending, project and corporate finance, head office sanctioning and in the highly regarded internal credit rating unit, from 1992 to 2001. Ashton earned a BSc in banking insurance and finance from the University College of North Wales in 1992.

Yannik Zufferey

Yannik Zufferey has 17 years of investment experience and as CIO of Fixed Income within Lombard Odier Investment Managers, has experience managing a variety of Fixed Income portfolios since he joined the firm in 2004, including within the multi-award winning Swiss Fixed Income team. In addition, Yannik holds an MSc in Mathematical engineering and a PhD in Mathematics from the Swiss Federal Institute of Technology. He initially joined the Firm in 2004 working directly in Patrick Odier’s office, one of the firm’s Senior Managing Partners. This was followed by a period as a quantitative research analyst at GLG Partners LP, where he developed innovative long/short quantitative strategies. He returned to LOIM in 2007 as a specialist for Quantitative Funds and Structured Products. From 2008, he has been a Portfolio Manager for CHF, EUR, GBP and USD Credit portfolios (Investment Grade and Crossover). He began his career as a consultant in the financial risk management group of PwC Consulting in 1999.

Objective

The Fund aims to outperform the LOIM-Fundamentally Weighted-EUR BBB-BB Index,a proprietary benchmark, by investing in debt issued by companies issuing in the Eurozone with a credit rating of BBB or BB (or the 5Bs). Many of the issuers in this universe are known by the designation of rising stars or fallen angels and are ignored by traditional investment grade or high yield funds. The fundamentally weighted benchmark is a function of 5 credit metrics,including turnover, leverage, interest coverage, free cash-flow and an indicator of company's policy towards bondholders.

Showing fund performance in Singapore View performance globally

Performance

Euro Corporates over : 31/03/2017 - 31/03/2018
  • Rank 12/16 Total Return
  • Rank 5/16 Standard Deviation
  • Rank 6/16 Max Drawdown
Fund Name Currency Return
10 BGF Euro Corporate Bond A2 USD Hgd

Currency exposure is hedged

Currency exposure is hedged

USD

4.0%

11 Pictet-EUR Corporate Bonds-HI USD

Currency exposure is hedged

Currency exposure is hedged

USD

3.8%

12 LO Funds - Euro BBB-BB Fundamental (USD) P D

Currency exposure is hedged

Currency exposure is hedged

USD

3.7%

13 Carthesio Ratio Total Return Credit Fund USD-C USD

3.0%

14 Amundi Funds II Euro Corporate Bond A ND Hdg USD

Currency exposure is hedged

Currency exposure is hedged

USD

2.9%

Fund Name Currency Risk
3 Nordea 1 - European Cross Credit HAI USD

Currency exposure is hedged

Currency exposure is hedged

USD

1.6

4 Amundi Funds II Euro Corporate Bond A ND Hdg USD

Currency exposure is hedged

Currency exposure is hedged

USD

1.6

5 LO Funds - Euro BBB-BB Fundamental (USD) P D

Currency exposure is hedged

Currency exposure is hedged

USD

1.7

6 T Rowe Euro Corporate Bond IH USD

Currency exposure is hedged

Currency exposure is hedged

USD

1.7

7 Pictet-EUR Corporate Bonds-HI USD

Currency exposure is hedged

Currency exposure is hedged

USD

1.7

Fund Name Currency Loss
4 Pictet-EUR Corporate Bonds-HI USD

Currency exposure is hedged

Currency exposure is hedged

USD

-0.3%

5 Nordea 1 - European Cross Credit HAI USD

Currency exposure is hedged

Currency exposure is hedged

USD

-0.3%

6 LO Funds - Euro BBB-BB Fundamental (USD) P D

Currency exposure is hedged

Currency exposure is hedged

USD

-0.3%

7 Vontobel Fund - EUR Corp. Bd Mid Yield HI hgd USD

Currency exposure is hedged

Currency exposure is hedged

USD

-0.4%

8 M&G European Corporate Bond USD A-H Inc USD

-0.4%

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -0.2%
2017 4.7% 0.8% 1.0% 1.7% 1.1%
2016 6.9% 2.1% 2.1% 2.9% -0.3%
2015 -1.7% 1.7% -3.0% -1.7% 1.3%
2014 6.2% 2.2% 2.1% 0.8% 0.8%
2013 3.3% 0.5% -0.6% 1.7% 1.7%
2012 14.3% 6.8% -0.3% 4.4% 2.9%
2011 -4.0% 1.8%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. France
  4. Germany
  5. Liechtenstein
  6. Luxembourg
  7. Netherlands
  8. Norway
  9. Singapore
  10. Sweden
  11. Switzerland
  12. United Kingdom

Fund Info

  • Launch date04/04/2011
  • Share Class size06Mn
  • Base currencyUSD
  • ISIN LU0611911941
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment3,000
  • Min. regular additional investment0

Charges

  • Annual management0.50%
  • Initial investment5

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).