Bringing you live news and features since 2006 

Investments

Altana Wealth launches debut UCITS fund

RELATED TOPICS​

Altana Wealth, the investment management group founded by Lee Robinson, has launched a UCITS version of its absolute return Altana Corporate Bonds Fund (ACBF).

The UCITS fund, which is unconstrained, is now open to outside investment and launched with EUR15 million.
 
Altana is offering both income and accumulation share classes for both retail with a 1.25 per cent management fee, and institutional with a 0.75 per cent management fee.
 
With low annualised volatility at less than four per cent, the UCITS will attract a SRRI risk rating of just 3. The fund has UK reporting status and offers an additional RDR-compliant 'clean' share class for UK investors.
 
Portfolio manager Stevan Bajic will manage the fund, whose aim is to generate positive returns in all market phases by investing in a globally diversified corporate bond portfolio with regular income from short-dated and quality household-name corporate bonds.  The fund sources attractive bond investment opportunities in all major markets and in both primary and secondary, by analysing the credit quality of corporates with strong defendable business structures and then models the reward for potential changes. Fund performance remains strong at +3.84 per cent (year to date to end April 2014), following on from last year’s positive returns of 9.5 per cent (gross returns).
 
The funds’ distinctive edge in analysing credits is that as a final check on the suitability of the bond, it conducts ‘forward credit rate’ analysis. This process ensures that the fund is rewarded commensurately with the amount of risk it is taking, particularly when the duration of the bond goes beyond one year. Beyond this one year mark, the visibility of the health of the corporate diminishes and therefore the risks increase.
 
Bajic says: "Credit investors are facing many challenges in the current environment of stretched valuations; where to source decent returns while being fairly compensated for the risks, how to avoid the liquidity trap and how to deal with the end of QE and the threat of rising interest rates? With a diverse approach being wary of the potential risks as well as being patient to exploit bouts of weaknesses investors can still achieve above average returns.”
 
Lee Robinson, founder and chief investment officer, says: “Stevan’s outstanding performance and innovative approach to portfolio construction has already solicited high interest from a number of European institutional investors, wealth managers and family offices looking for a UCITS version of this fund.
 
“Continued volatile economic conditions mean that investors are desperately trying to find alternative sources of decent stable income for their fixed income portfolios, without compromising on risk and with some form of protection against rising interest rates.  The low risk, low volatility and unconstrained structure of this fund is well suited to providing this especially compared to the returns and risks from holding sovereign bonds or bank deposits. We are confident that with Stevan's impressive experience and track record, investors will be attracted by the high yields and robust returns.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by