Euro credit total return
A flexible euro credit strategy that navigates diverse market conditions with high-conviction investments via an active, dynamic asset allocation.
The opportunity
Our euro credit total return strategy is flexible and actively managed designed to navigate varying market conditions. With no benchmark constraints, the strategy invests across the full spectrum of euro-denominated fixed income instruments, including investment grade and high yield bonds.
It leverages a rigorous top-down and bottom-up investment process, integrating macroeconomic views with issuer-level analysis, including ESG factors.
The strategy is built on high conviction ideas, dynamic asset allocation, and effective risk management using tools like duration hedging and credit default swaps (CDS).
Note: BNP Paribas Asset Management does not provide any formal capital guarantee or protection of the funds. No information given or any term used herein shall be interpreted to provide such a guarantee or protection. Past performance and any economic and market trends are not indicative of future performance.
Strategy highlights
Capture opportunities
throughout the euro credit universe
Capturing opportunities across the euro credit universe through a rigorous investment process combining macroeconomic insights and issuer-level research. It dynamically allocates across market segments and risk profiles, ensuring flexibility and responsiveness to changing market conditions.
Target high conviction ideas backed by rigorous research
High conviction ideas are central to the strategy, supported by a seasoned team of Portfolio Managers and credit analysts. The strategy expresses strong views across sectors, with tactical use of derivatives to manage downside risk.
Seek consistent returns through flexibility
It seeks risk-adjusted returns through dynamic duration management and diversified fixed income exposure.
Team and expertise
Our euro credit total return strategy sits within the Euro Credit investment team.
The team members regularly collaborate to share best ideas and opportunities, with ESG considerations embedded in every stage of the investment process. They also have access to a broad range of resources in research and execution.
Investment risks
Investments are subject to market fluctuations and other risks inherent to investing in securities. The value of investments and the income they generate may rise or fall and it is possible that investors may not recover their initial investment.
The strategy may be exposed to specific risks, including Credit Risk, Derivatives and leverage, Defaulted securities, Extension, Perpetual securities Emerging markets, Global investments, High yield debt securities, ESG, Distressed Securities, Subordinated Debts, Reinvestment.
For a complete description and definition of the strategy’s generic and specific risks, please refer to the Prospectus and KID.
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Important information
BNP PARIBAS ASSET MANAGEMENT Singapore Limited, “the investment management company”, is a company incorporated in Singapore with its registered office at 20 Collyer Quay, #01-01 Collyer Quay, Singapore 049319, Company Registration No. 199308471D.
This material is issued and has been prepared by the investment management company. This advertisement has not been reviewed by the Monetary Authority of Singapore. It contains opinions and statistical data that are considered lawful and correct on the day of their publication according to the economic and financial environment at the time.
This document is produced for information purposes and does not constitute:
- an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or;
- investment advice.
This document does not have any regard to the specific investment objectives, financial situation or particular needs of any person. Investors should consult their own professional advisors in respect of legal, accounting, domicile and tax advice prior to investing in the fund in order to make an independent determination of the suitability and consequences of an investment therein, if permitted. Investors considering subscribing for the fund should read carefully the most recent prospectus, offering document or other information material and consult the fund’s most recent financial reports before investing, as available from the investment management company or its authorized distributors. Given the economic and market risks, there can be no assurance that the fund will achieve its investment objectives. Investments in the fund are not deposits or other obligations of, or guaranteed, or insured by the investment management company or its authorized distributors or their affiliates and are subject to investment risks, including the possible loss of principal amount invested. Returns may be affected by, amongst other things, investment strategies or objectives of the fund and material market and economic conditions, including interest rates, market terms and general market conditions. Past performance of the fund or the managers, and any economic and market trends or forecast, are not necessarily indicative of the future or likely performance of the fund or the manager. The value of shares in the fund, and the income accruing to the shares (if any), may fall as well as rise and investors may not get back the full amount invested. Funds which are invested in emerging markets, smaller companies and derivative instruments may also involve a higher degree of risk and are usually more sensitive to price movements.
Views and opinions included in this document constitute the judgment of the investment management company and its affiliates at the time specified and may be subject to change without notice.
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