Relevance of strategy
This fund provides an active approach to invest in the broad Asian USD bond market with a focus on corporate issues and with up to 40% high yield exposure.
Lombard Odier Investment Managers (LOIM) is part of the Lombard Odier Group, an independent Swiss banking partnership founded in 1796. LOIM is an active investment manager with over US$70bn of AUM globally covering a range of specialised, active strategies of long-only and alternative solutions.
The Lombard Odier Funds - Asia Value Bond is an actively managed bond strategy that aims to provide strong total return through returns generation from both interest accrued as well as capital appreciation from yield and credit spread compression, by investing primarily in Asia-Pacific (including Japan) USD bonds. The fund can invest in sovereign and corporate bonds, though there is a clear preference for the latter. The fund can invest in fixed or floating rate bonds, as well as convertible bonds (max 20%) and CoCo bonds (max 25%). The fund can also invest max 40% in high yield rated bonds as well as max 25% in bonds from other geographic regions. The fund adopts an unconstrained allocation approach and value-orientation in security selection. The fund has a concentrated portfolio of >200 holdings.