This fund aims to deliver attractive yield with limited interest rate sensitivity by investing in short-dated European high yield corporate bonds, with currency exposure hedged back to US dollars. It allocates the portfolio across short-dated European sub-investment grade corporate debt, with average duration typically below three years, while systematically hedging non-USD currency exposure. The strategy employs Pictet's specialist high yield credit research focused on identifying attractive short-duration European high yield opportunities. Through hedged European short-duration high yield investment, the fund provides defensive sub-investment grade exposure with reduced rate sensitivity in USD terms, appropriate for income investors seeking European high yield participation with limited duration risk. more
| Time Frame | Absolute | Annualised |
|---|---|---|
| 1-Year Return | +2.64% | +2.67% |
| 3-Year Return | +20.76% | +6.48% |
| 5-Year Return | +23.80% | +4.36% |
| 10-Year Return | +42.05% | +3.57% |
| All Time Return | +75.18% | +3.89% |
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