One to Watch
Fund Manager: Per Wehrmann, Deutsche AM
Rating: AAA rated
Per Wehrmann has been working as a portfolio manager at Deutsche Asset Management since 2001. He has been a lead manager of Deutsche Invest I Euro High Yield Corp LC fund since July 2012 and based on fund’s performance this month he has received his sixth consecutive AAA-rating.
Registered for sale in several countries, this fund focuses on high-yield corporate bonds and is intended for the growth-oriented investors. Over the five year timeframe, Wehrmann returned 47.86 % compared to a return of 37.14 % by the average manager in the sector in euro terms.
According to the most recent fund factsheet, the top company positions held by Wehrmann are bonds issued by UPC Holding, Unitymedia, Telefonica and Telecom Italia. The largest issuer by country is France, which makes up 15.8% of geographic exposure.