Oddo BHF has further accelerated its efforts in the fixed maturity bond fund market with its tenth new strategy, as part of plans to tap into European high yield demand.
The new approach, which was launched on 12 January, is formally called the Oddo BHF Haut Rendement 2025 and targets debt maturing on 1 July 2026.
It will focus on bonds issued mainly by European issuers with a rating of BB+ to CCC+. A maximum of 10% will be allocated to CCC+, while around 70% will be in B-rated debt.
This new approach will be run on a team-based approach under the guidance of Citywire + rated Alain Krief, who is also head of fixed income management for Oddo BHF AM.
Oddo BHF launched its first target-dated bond fund in 2009, with a four-year outlook. It currently has €1.8 billion in assets within target-dated funds.
The most recent launches include the Oddo Haut Rendement 2023, which was launched in 2016. This strategy accrued around €1 billion in assets during its subscription period, which ended on 12 January.