Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

DNCA bolsters convertibles range with global fund

DNCA bolsters convertibles range with global fund

DNCA Investments has expanded its international funds range with the launch of a global convertible bond fund, the company has announced.

The DNCA Invest Global Convertibles fund was launched on March 2. It will be managed by Citywire + rated Igor de Maack and Félix Heron, who also run the DNCA Invest Convertibles fund, which has a focus on European convertible bonds.  

The new fund aims to keep volatility low at around 7% over a time frame of between two and five years. At least 30% of the fund will consist of investment grade convertible bonds and at least 50% of the securities will be denominated in international currencies.

The managers will tap the large US convertible bond universe and use the opportunities provided from the rerating of European and international equity markets. The managers can hedge exchange rate risk on the fund portion denominated in foreign currencies.

Commenting on the launch, de Maack said: ‘Our long-standing conviction built up over a number of years is that this is a highly attractive asset class, and the creation of DNCA Invest Global Convertibles will provide investors with a new way to tap into global growth via this asset class.

'This is with its bond component that keeps volatility under control and the equity component that provides opportunities for medium-term capital appreciation.

‘This fund rounds out our existing range of diversified and patrimonial investments that address today’s crucial concern of declining bond yields.’

The fund is currently registered for sale in Luxembourg, Belgium, the Netherlands, Italy and France.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016