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AXA IM FIIS Europe Short Duration HY Z D EUR

Ranked 21 out of 21 in - Europe High Yield over 12 months
All calculations are in EUR unless stated

Managed by

Yves Berger

Yves Berger is a Senior Portfolio Manager at AXA Investment Managers. He works in the European and Global High Yield team, based in London, UK. He was instrumental in the launch of the flagship Europe Short Duration High Yield Strategy which he co-manages. He also co-manages the AXA WF European High Yield Bonds and is Lead Portfolio Manager on AXA IM Maturity 2020, a new final maturity strategy launched in 2015. He joined AXA IM in 2007 as part of a Fixed Income Graduate Program (VIE) working alongside the credit research team, with a focus on High Yield. He was appointed to his current role in 2009. Prior to joining AXA IM, Yves worked as a trainee Credit Analyst at IXIS Corporate & Investment Banking in Paris. Yves holds an MSc in International Finance from the Rouen Business School, France.

James Gledhill

Widely regarded as one of Britain’s foremost credit specialists, James Gledhill rejects the traditional labels of ‘top-down’ and ‘bottom-up’ when describing his investment process as he feels that neither accurately describe a process that looks both at the wide economic situation and the quality of individual investments. Gledhill starts his investment process with a macro economic assessment of the world’s major economies. This enables him to choose his positions in government bonds and set the backdrop for further analysis needed to pick corporate bonds. The macro-economic picture enables him to hunt out the best investment opportunities. Gledhill then assesses, company by company, which are the best investment choices. He considers this part of the process to be particularly important for high-yield issues ‘where you have to get the precise company and the precise bond right’. A material sciences graduate of Trinity College, Oxford, Gledhill spent eight years at M&G where he pioneered the concept of high-yield corporate bond unit trusts. After brief spells at PPM Ventures and Morley he joined New Star Asset Management in August 2002. He then joined AXA Investment Managers as global head of high yield in 2011.

Objective

The Sub-Fund will seek to invest in high yield, fixed-income corporate debt securities and, to a lesser extent, preferred stocks which offer, in the view of the Investment Manager, a high return at the time of purchase. The Investment Manager anticipates that the average expected life to maturity or redemption of the Sub-Funds investments will be three years or less, although the Investment Manager may vary this approach if market conditions so warrant.

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Performance

Europe High Yield over : 31/10/2016 - 31/10/2017
  • Rank 21/21 Total Return
  • Rank 1/21 Standard Deviation
  • Rank 3/21 Max Drawdown
Fund Name Currency Return
17 NN (L) European High Yield I Cap EUR Hii

Currency exposure is hedged

Currency exposure is hedged

EUR

6.2%

18 AXA WF European High Yield Bonds A EUR EUR

6.0%

19 T Rowe European High Yield Bond A EUR EUR

5.6%

20 Alfred Berg Hoyrente C - EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

5.6%

21 AXA IM FIIS Europe Short Duration HY Z D EUR EUR

2.4%

Fund Name Currency Risk
1 AXA IM FIIS Europe Short Duration HY Z D EUR EUR

1.1

2 Muzinich EuropeYield Hedged EUR Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

1.9

3 AXA WF European High Yield Bonds A EUR EUR

2.0

4 BlueBay High Yield Corporate Bond I EUR EUR

2.0

5 Morgan Stanley European Curr High Yield Bd ADX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

2.1

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 -0.1% 0.5% 0.7%
2016 1.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Denmark
  5. Finland
  6. France
  7. Germany
  8. Luxembourg
  9. Netherlands
  10. Norway
  11. Sweden
  12. Switzerland

Fund Info

  • Launch date11/08/2016
  • Base currencyEUR
  • ISIN LU0997545917

Purchase Info

  • Min. initial investment100,000
  • Min. regular additional investment5,000

Charges

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