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AXA IM FIIS Europe Short Duration HY Z C EUR

Ranked 18 out of 22 in - Europe High Yield over 12 months
All calculations are in EUR unless stated

Managed by

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 fund seeks to achieve high attractive income and secondarily capital growth by investing primarily in high yield debt securities denominated in a European currency over a medium-term period. The fund invests primarily in high yield bonds denominated in a European currency and with an expected life term or redemption less than 3 years on the basis of the asset manager's expectations. Such high return bonds have a rating lower than BBB- according to Standard & Poor's (or equivalent rating by Moody's or other rating agencies) or are not rated.The fund may also invest in Investment Grade debt securities denominated in a European currency issued by foreign corporations or governments or governmental agencies or instrumentalities.

Showing fund performance in Norway View performance globally

Performance

Europe High Yield over : 31/08/2017 - 31/08/2018
  • Rank 18/22 Total Return
  • Rank 1/22 Standard Deviation
  • Rank 1/22 Max Drawdown
Fund Name Currency Loss
1 AXA IM FIIS Europe Short Duration HY Z C EUR EUR

-1.2%

1 Janus Henderson HF Euro HiYld Bond A2 EUR EUR

-1.2%

3 BlueBay High Yield Corporate Bond I EUR EUR

-1.2%

4 Muzinich Europeyield Hedged EUR Acc A

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.5%

5 BlueBay High Yield Bond B EUR EUR

-1.5%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -0.4% -0.5%
2017 1.1% -0.1% 0.5% 0.7% -0.1%
2016 5.1% 1.3% 0.4% 1.9% 1.4%
2015 3.2% 2.3% 0.4% -0.5% 1.0%
2014 -1.0% 0.2%

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. Italy
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Singapore
  13. Spain
  14. Sweden
  15. Switzerland

Fund Info

  • Launch date20/05/2014
  • Base currencyEUR
  • ISIN LU0997545594

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment5,000

Charges

  • Annual management0.75%
  • Initial investment0.75%

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