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ABSALON - Global H.YLD.-I EUR

Ranked 3 out of 41 in - Global High Yield over 12 months
All calculations are in EUR unless stated

Managed by

Klaus Blaabjerg

Klaus Blaabjerg has an MSc in Economics from the University of Copenhagen. In 1999, he began his career at Realkredit Danmark where he worked as a Risk Manager. He later moved over to Nykredit Asset Management as a Portfolio Manager, and in 2000, Klaus became the responsible Fund Manager for Nykredit Invest Engros Eurokredit. After Nykredit, Klaus was employed as a Senior Portfolio Manager at Bankinvest, responsible for launching and managing Bankinvest Corporate Credit, a Global Investment Grade fund with around 10% exposure to Emerging Market Corporates. Klaus resigned from Bankinvest in the summer of 2005 and joined Sparinvest where he was responsible for credit products. In January 2014, Klaus became Head of Fixed Income at Sparinvest. Klaus resigned from his position at Sparinvest May 2014 after having developed the credit business from zero to more than 2 billion EUR. He joined Absalon Capital in January 2015.

Peter Dabros

Peter Dabros is a senior portfolio manager. Peter has an MSc in Economics from the University of Copenhagen. From 2002 to 2007, and while still attending university, Peter worked in Credit Research at Nordea Markets as an Assistant Analyst. He joined the research team as a full time analyst in 2007. In 2012, Peter moved to Sparinvest as a Portfolio Manager in the Value Bonds team, where he managed Investment Grade funds and co-managed High Yield and Short Maturity funds. He joined Absalon Capital in November 2014.

Toke Katborg Hjortshøj

Toke Katborg Hjortshøj is a senior portfolio manager. Toke started his career at Sparinvest in 2007 as an Analyst. Three years later Portfolio Manager Toke co-launched the Sparinvest Emerging Markets Corporate Bond Fund, investing in global high yield, investment grade and global non-rated corporate bonds. In April 2013, Toke was appointed Senior Portfolio Manager of the Sparinvest Emerging Markets Corporate Bonds Fund. Toke holds a PhD in Economics and Business Administration from the University of Aarhus. He attended the Master of Finance, the Katholieke University Leuven in Belgium and later joined the Finance Department of Stern Business School New York University as a visiting scholar. Toke joined Absalon Capital in November 2014.

Sune Højholt Jensen

Sune Højholt Jensen is a chief portfolio manager. He attended Copenhagen Business School where he earned an MSc in Finance. He began his career at Bjørnskov & Co as an Analyst. In 1998, he moved to Nykredit Markets joining as a Credit Analyst before joining the proprietary trading team in 2000. In 2004, he moved to Nordea as a Trader in their proprietary Corporate Bond Trading team. In 2007, he moved to Sparinvest to work alongside Klaas Blaabjerg as part of the Credit Team. In 2010, he was appointed Lead Manager on the Sparinvest Emerging Market Corporate Debt Strategy, and in 2015, he joined his colleagues at Absalon Capital where he is currently the Chief Portfolio Manager for the EM Corporate Debt Strategy.

Objective

The fund uses a variety of strategies to achieve the target by investing in corporate debt from global issuers including different parts of the capital structure of a company like cash bonds or convertible bonds, taking advantage of the difference in pricing of credit spread between cash bonds and credit default swaps (CDS) or exploiting credit, yield curves and currency movements. The fund may invest up to 100% in High Yield Bonds. The benchmark is: 100% BofA ML Global HY TR (EUR) hedged.

Showing fund performance in Norway View performance globally

Performance

Global High Yield over : 31/07/2017 - 31/07/2018
  • Rank 3/41 Total Return
  • Rank 35/41 Standard Deviation
  • Rank 32/41 Max Drawdown
Fund Name Currency Return
1 CPR Credixx Global High Yield - I

Currency exposure is hedged

Currency exposure is hedged

EUR

6.1%

2 Putnam Global High Yield Bond E EUR EUR

2.8%

3 ABSALON - Global H.YLD.-I EUR EUR

2.7%

4 Worldwide Alternative Fund SICAV-SIF SSF EUR I Div EUR

1.7%

5 T Rowe Global High Income Bond AD EUR EUR

1.4%

Fund Name Currency Risk
33 SEB Sustainable High Yield D EUR EUR

3.2

34 Capital Group Gl High Inc Opps (LUX) Bh EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

3.8

35 ABSALON - Global H.YLD.-I EUR EUR

4.3

36 Templeton Global High Yield I (acc) EUR EUR

4.4

37 CPR Credixx Global High Yield - I

Currency exposure is hedged

Currency exposure is hedged

EUR

4.5

Fund Name Currency Loss
30 Legg Mason WA Global High Yield Pr Acc Hdg EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.7%

31 Templeton Global High Yield I (acc) EUR EUR

-3.8%

32 ABSALON - Global H.YLD.-I EUR EUR

-4.0%

33 Allianz Selective Global High Yield - A (H2EUR)

Currency exposure is hedged

Currency exposure is hedged

EUR

-4.0%

34 AB FCP I-Global High Yield Portfolio A2 EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

-4.3%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -0.3% -2.0%
2017 11.6% 4.8% 1.8% 3.0% 1.5%
2016 17.5% 0.8% 4.1% 7.5% 4.1%
2015 -0.9% -7.5% -1.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Denmark
  3. Finland
  4. Germany
  5. Italy
  6. Luxembourg
  7. Norway
  8. Sweden
  9. United Kingdom

Fund Info

  • Launch date04/03/2015
  • Share Class size93Mn
  • Base currencyEUR
  • ISIN LU1138630212

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment0

Charges

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