Opportunité High Yield 2032
- Fund
- Fixed Income
Product details
NAV price per share
Current
Absolute Performance
| 3 months | +0.82% |
| 6 months | N/A |
| Year to date | N/A |
| 1 year | N/A |
| 3 years | N/A |
| 5 years | N/A |
| 10 years | N/A |
| Since inception | +3.48% |
Past performance is not a reliable indicator of future results. Data is provided with all reasonable care but without guarantee of completeness, accuracy or future performance.
Strategy
The fund adopts a carry strategy aimed at capturing the returns offered by high-yield bonds issued by developed country issuers whose effective maturity is close to the fund’s maturity on 30 June 2032. Subordinated debt from banks and insurance companies are excluded. Securities that are not denominated in EUR are hedged against currency risks.
Management commentary (September 2026)
In September, the escalation of the Iran-US conflict pushed the price of Brent above $ 100 and macro data raised fears of an anchoring inflation, triggering a surge in sovereign yields: +54 bps on the US 10-year yield to surpass 5.0% for the first time since 2007, +29 bps on the German Bund to 3.59%. The Fed and the ECB were forced to raise interest rates by 25 basis points. High-yield spreads widened by +41 bp in Europe and +49 bp in the United States, with performances of -1.79% for the HY EUR and -2.49% for the HY USD. Technical factors contributed negatively with an abundance of emissions and take-off.
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