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Pictet-EUR Short Term High Yield-P

Ranked 10 out of 20 in - Euro High Yield over 12 months
All calculations are in EUR unless stated

Managed by

Prashant Agarwal

Alexander Baskov

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.

Objective

This Compartment invests principally in a diversified portfolio of bonds and other: high yield, second quality debt securities; denominated in EUR or in other currencies as long as the securities are generally hedged in EUR; have a minimum rating, at the time of acquisition, equivalent to B-, as defined by Standard & Poors or an equivalent rating from other recognised rating agencies. These investments will have a short/medium duration. The residual maturity for each investment will not exceed six years.

Showing fund performance in Portugal View performance globally

Performance

Euro High Yield over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -0.3% -0.3%
2017 1.3% 0.2% 0.7% 0.6% -0.1%
2016 4.3% 0.9% 1.5% 1.2% 0.7%
2015 1.9% 1.8% 0.8% -1.3% 0.6%
2014 0.1% 1.5% 0.5% -1.7% -0.2%
2013 5.6% 0.8% 0.4% 2.2% 2.2%
2012 0.0% 3.9% 2.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/04/2018

Top 10 Holdings

Stock Size
Cash and Cash Equivalents 2.25%
JP Morgan Securities PLC/Credit Default Swap Index iTraxx Europe Ser 26 3YRS 2.06%
Nokia Oyj 1.000% 15-Mar-2021 1.93%
Cirsa Funding 5.750% 15-May-2021 1.78%
Thames Wtr Kmb 7.750% 01-Apr-2019 1.54%
William Hill PLC 4.250% 05-Jun-2020 1.52%
ARQIVA BROADCAST 9.50% 03/31/20 SR: 1.44%
Telefonaktiebolaget LM Ericsson 0.875% 01-Mar-2021 1.34%
SoftBank Group Corp 4.500% 15-Apr-2020 1.28%
Leonardo SpA 4.500% 19-Jan-2021 1.22%
30/04/2018

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 date30/01/2012
  • Share Class size112Mn
  • Base currencyUnits
  • ISIN LU0726357527

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment0

Charges

  • Annual management0.90%
  • Initial investment0.90%

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