Bellevue Asset Management AG

  • Land: Schweiz

Nachricht vom 11.10.2021 | 07:00

Bellevue Asset Management launches Bellevue Global Income (Lux) Fund

EQS Group-News: Bellevue Asset Management AG / Key word(s): Product Launch
11.10.2021 / 07:00

Media release of October 11, 2021

Bellevue Asset Management launches Bellevue Global Income (Lux) Fund

New fixed income investment alternative

With the launch of the Bellevue Global Income (Lux) Fund, Bellevue Asset Management is offering investors a new, innovative fixed income solution. The fund ISIN B-EUR LU2382177330) was launched on September 30, 2021, and is based on a fixed income strategy that has already been successfully applied for many years in the broadly diversified Bellevue Global Macro Fund. The investment objective of the new fund is to achieve a 2% to 4% excess return versus the EUR 3-month money market rate.

The new fund will be managed by Alexandrine Jaecklin and Lucio Soso, who also manage Bellevue's Global Macro strategy. "We have gained extensive experience implementing the Global Macro strategy over the past eleven years that we can now apply in the pure fixed income solution," explains Jaecklin, who is in charge of fixed income investing at Bellevue. The neutral portfolio of the Bellevue Global Income Fund will consist of 50% high yield bonds and 50% government bonds. It is derived from an in-house analysis of asset allocation models which indicates that this split is among the most efficient portfolio allocations. It allows to mitigate the drawbacks of a pure high yield bond portfolio by offering higher liquidity, lower volatility and smaller drawdowns.

"The high yield segment is very heterogeneous and it offers good investment opportunities. It is the yield contributor," Jaecklin points out. If necessary, should the investment environment change, the high yield allocation can be reduced to as low as 30% or increased up to 70%. Risk-return is managed via the government bond allocation, which is the protection contributor. "Government bonds protect the portfolio but still make a positive contribution to performance," adds Soso. Fund managers can use futures contracts to open long or short positions on government bonds. "This enables us to invest in a very cost-efficient way with high levels of liquidity," Soso added. The fund management team also relies on its established and successful investment principles. "Our investment decisions are guided by fundamental analysis and we invest only in securities that we clearly understand," Jaecklin stresses. "Portfolio stability is important and will help us to keep transaction costs as low as possible."

Another, increasingly important aspect is the integration of ESG criteria. For the Bellevue Global Income Fund, relevant ESG aspects are taken into account at every stage of the investment process. Bellevue partners with leading ESG research providers worldwide in doing so.

The new fund is quoted in euros; portfolio positions in other currencies such as Swiss francs, US dollars and British pounds are hedged.



Bellevue Asset Management AG
Seestrasse 16 / P.O. Box
CH-8700 Küsnacht/Zurich

Tanja Chicherio
tel. +41 44 267 67 09

Bellevue - Excellence in Specialty Investments

Bellevue is a specialized asset manager listed on the SIX Swiss Exchange with core competencies covering healthcare strategies, entrepreneur strategies, alternative and traditional investment strategies. Established in 1993, Bellevue, a House of Investment Ideas staffed by 100 professionals, generates attractive investment returns and creates value added for clients and shareholders alike. Bellevue managed assets of CHF 14.4 bn as at June 30, 2021.

Disclaimer: This document is neither directed to, nor intended for distribution or use by, any person or entity who is a citizen or resident of any locality, state, country or jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. The information and data presented in this document are not to be considered as an offer to buy or sell or an invitation to subscribe any securities or financial instruments. The information, opinions and estimates contained in this document reflect a judgment at the original date of release and are subject to change without notice. Liability for the accuracy or completeness of all information in this document is expressly disclaimed. This information does not take into account the specific or future investment objectives, the financial or tax situation or the particular needs of any specific recipient This document does not constitute independent investment research. Interested investors should always seek professional advice before making an investment decision. The information in this document is provided without any guarantees or warranties, for information purposes only, and is intended only for the personal use of the recipient. Every investment involves some risk, especially with regard to of fluctuations in value and return. Investments in foreign currency involve the additional risk that a foreign currency might lose value against an investor's reference currency. This document does not reflect all possible risk factors associated with an investment in the aforementioned securities or financial instruments. Historical performance data and financial market scenarios are no guarantee or indicator of current and future performance. The performance data are calculated without taking account of commissions and costs that result from subscriptions and redemptions. Commissions and costs adversely affect performance. Financial transactions should only be carried out after thorough study of the current prospectus and are only valid on the basis of/or/and are subject to the terms given in the most recently published prospectus and annual or semi-annual report. Bellevue Funds (Lux) SICAV is admitted for public distribution in Switzerland. Representative in Switzerland: Waystone Fund Services (Switzerland) SA, Avenue Villamont 17, CH-1005 Lausanne. Paying Agent in Switzerland: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, P.O. Box, CH-8022 Zurich. Bellevue Funds (Lux) SICAV is admitted for public distribution in Austria. Paying and information agent: ERSTE BANK der oesterreichischen Sparkassen AG, Am Belvedere 1, A-1100 Vienna. The Bellevue Funds (Lux) SICAV is admitted for public distribution in Germany. Paying and information agent: ACOLIN Europe GmbH, Reichenaustrasse 11a-c, D-78467 Constance. Bellevue Funds (Lux) SICAV is registered in the CNMV registry of foreign collective investment schemes distributed in Spain, under registration number 938. Representative: atl Capital, Calle de Montalbán 9, ES-28014 Madrid. Prospectus, Key Investor Information Document ("KIID"), the articles of association as well as the annual and semi-annual reports of the Bellevue Funds under Luxembourg law are available free of charge from the above mentioned representative, paying, facilities and information agents as well as from Bellevue Asset Management AG, Seestrasse 16, CH-8700 Kusnacht. With respect to fund units distributed in or from Switzerland, the place of performance and jurisdiction is established at the registered office of the representative.

End of Media Release

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