NEUBERGER BERMAN
CORPORATE HYBRID FUND
Julian Marks
Portfolio manager
David M. Brown
Portfolio manager
The fund employs a noncyclical liquid credit strategy with an investment
objective to achieve superior risk-adjusted returns. The fund emphasises low
volatility and the preservation of investor capital.
Why the fund is different
The fund focuses on high quality issuers in stable sectors - over 70% are
investment grade bonds dominated by businesses with stable cash flows. Largest
sectors are utilities and telecoms. The average rating of the strategy is BBB,
with a focus on large and liquid issues and issuers, and the strategy includes
opportunistic use of high yield-rated hybrids. The corporate hybrid bond market
has a highly attractive yield compared to senior IG bonds. Neuberger Berman
has been involved in over 60% of all corporate hybrid deals within the primary
issuance since January 2014.
Sales contacts
Vincent Lim
Managing director,
Head of business development
financial institutions, South East Asia
+65 6645 3760
[email protected]
Pauline Cheng
Director, retail business - Hong Kong
+852 3664 8800
[email protected]
Fund size: $32.2m*
Inception date: 19 Nov ’15
Domicile: Ireland
3 months*
Performance
Sector (Fixed income)
-3.95%
-2.54%
Source: Neuberger Berman Europe Limited
*as of 29 Feb ’16
PICTET - ASIA LOCAL CURRENCY DEBT
The fund seeks regular income and capital growth by investing in a diversified
portfolio of local currency bonds issued by sovereign and quasi-sovereign entities
of Asian countries.
Why the fund is different
The fund aims to outperform JPM JADE Broad Asia Diversified Composite USD
Index with a predictable risk return profile, using both top-down assessment
of global risk and bottom-up country analysis. It was launched in 2006 and has
over $800m in assets. Simon Lue-Fong, head of emerging debt, leads a dedicated
team of three investment managers with an average of 20 years fixed income
experience in managing this fund.
Simon Lue-Fong
Head of emerging debt
Sales contacts
Lawrence Tse
Senior vice president
Fund size: $704.2m*
Domicile: Luxembourg
+852 3191 1861
[email protected]
Audrey Wong
Vice president
+65 6306 3865
[email protected]
Performance
Sector (Asia Pacific)
1 year
3 year
5 year
+2.93%
+0.98%
-2.19%
+2.4%
+7.98%
+13.71%
Source: FE
*as of 29 Feb ’16
For professional investors only
Fund Selector Asia Fund Insights Directory 2016
49