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Pictet-EUR Short Term Corporate Bonds-P

Ranked 3 out of 7 in - Euro Corporates Short Term over 12 months
All calculations are in EUR unless stated

Managed by

Frédéric Salmon

Frédéric Salmon was born in France in 1968. He graduated from the University of Paris XIII with a master's degree in management and also undertook advanced studies in finance at the University of Paris II. Frédéric started his career as a financial engineer for Banque Postale Asset Management in 1993. He became a money market portfolio manager in 1996 and a credit and convertible portfolio manager in 1998. He joined IXIS Asset Management in 2002 and was the head of credit. After three years, he became a senior credit portfolio manager. In 2006, Frédéric joined Pictet Asset Management where he is currently the head of investment grade credit. He has been managing funds for over 18 years and his investment process involves a dynamic and blended approach. He is a member of SFAF (French Society of Financial Analysts). Outside of fund management he enjoys skiing with his family and cycling, and his interests include history, sociology and philosophy.

Justine Vroman


The Compartment mainly invests in a diversified portfolio of bonds and other corporate debt instruments of investment grade, denominated in EUR or other currencies as far as these securities are generally hedged in EUR, and having a minimum rating equivalent to BBB- as defined by the rating agency Standard & Poor's or quality criteria which are deemed to be equivalent.The Compartment is actively managed by allocating its wealth to fixed income securities within a strict risk control environment.The average residual maturity of the portfolio will not exceed 3 years.

Showing fund performance in Portugal View performance globally


Euro Corporates Short Term over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -0.2% -0.6%
2017 0.7% 0.2% 0.2% 0.3% 0.0%
2016 1.1% 0.4% 0.5% 0.2% 0.0%
2015 0.1% 0.7% -0.6% -0.6% 0.7%
2014 2.4% 0.7% 0.8% 0.8% 0.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Cash and Cash Equivalents 1.69%
Lloyds TSB Bank/Barclays Credit Default Swap 1.04%
BHP Bill Fin 4.750% 22-Apr-2076 1.04%
Accor SA 2.625% 05-Feb-2021 1.02%
Bank of America Corp 0.736% 07-Feb-2022 0.99%
CNP Assurances SA 6.875% 30-Sep-2041 0.96%
National Australia Bank Ltd 2.000% 12-Nov-2024 0.89%
Daimler AG 0.625% 05-Mar-2020 0.86%
BNP Paribas SA 2.875% 20-Mar-2026 0.85%
Allianz Fin II 5.750% 08-Jul-2041 0.85%

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Cyprus
  5. Finland
  6. France
  7. Germany
  8. Greece
  9. Italy
  10. Liechtenstein
  11. Luxembourg
  12. Netherlands
  13. Portugal
  14. Singapore
  15. Spain
  16. Sweden
  17. Switzerland
  18. United Kingdom

Fund Info

  • Launch date25/11/2013
  • Share Class size131Mn
  • Base currencyEUR
  • ISIN LU0954602750

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0


  • Annual management0.50%
  • Initial investment0.50%

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