Fixed income

Find income with our actively managed strategies, run by our experienced fixed income teams.

As stewards of your capital for more than thirty years, we provide portfolios driven by pragmatic investment choices. Our experienced fixed income teams manage assets to support a broad selection of investor needs. All of our fixed income approaches are actively managed. All are based on fundamental research. All are long only. Some offer currency hedging.

Get active

Your goals are best served by a manager who shares your responsibilities. The way we see it, active management provides a compass across the almost endless sea of fixed income choices – many of which hold much more risk than their prices imply.

We offer you a choice of risk-return profiles, each supported by a consistent investment philosophy and process. Investment profiles range from offering attractive yields with a focus on capital preservation for conservative investors, through to higher returns from dynamic research-driven strategies where price discipline can lift returns without sacrificing credit quality.

45 bn 1988 30 7 3+ 3

An approach to suit your needs

Our approaches are developed to suit the needs of our clients with a variety of active investment approaches covering the range of fixed income asset classes. We offer regional and global coverage. All of our teams are active managers at the core and we aim to deliver a choice of return profiles based on fundamentals.

Global bonds

Both our Fixed Income and TwentyFour Asset Management boutiques offer global exposure. We cover asset classes including sovereign and corporate bonds, convertible bonds, and inflation linked bonds. We offer both single asset class and blended portfolios, with return profiles ranging from low-risk, investment-grade bonds through to high-yield corporate bonds.

Emerging market bonds

As bottom-up research driven investors, we offer access to both the higher rates and pricing inefficiencies on offer in emerging markets. Our Fixed Income boutique offers investment exposure to corporate bond portfolios, sovereign bond portfolios, and blended bond strategies – in both local and hard currencies.

Asset backed securities

The market-leading ABS team of TwentyFour Asset Management aims to deliver attractive income along with a focus on capital preservation. The approach is primarily exposed to European assets and is managed by a highly experienced team based in London.

What sets us apart

 

High
Conviction

Active investing and stewardship of your investments requires high conviction. Conviction through research, discipline, and experience.

 

Investment
Compass

An investment philosophy is a compass that guides you towards your goal. Over the years, we have developed our investment philosophies to match a range of client needs.

 

Style
Consistency

We believe investment philosophies need to be executed consistently through the cycle to offer you a better understanding of what returns you should expect as the markets and rates move.

 

Stable Investment Environment

Vontobel is a well capitalized company in which the Vontobel family still holds a significant stake. Listed on the Swiss stock exchange, Vontobel has provided a solid foundation since its founding in 1924.

Our offering

18 funds found

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Vontobel Fund - Absolute Return Bond (EUR)

Fixed Income Boutique Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU0105717663 1003735 97.28 2.14% Oct 20 2020
AM USD LU0571069219 12235572 75.60 7.63% Oct 20 2020
AN EUR LU1683487117 38261500 109.42 2.45% Oct 20 2020
B EUR LU0105717820 1003736 167.96 2.10% Oct 20 2020
C EUR LU0137004866 1301506 177.80 1.81% Oct 20 2020
H (hedged) USD LU1028901913 23604226 119.59 3.31% Oct 20 2020
HI (hedged) USD LU1028902051 23604232 122.58 3.63% Oct 20 2020
HN (hedged) USD LU1683483710 38261506 116.55 3.64% Oct 20 2020
I EUR LU0278087514 2870606 131.72 2.42% Oct 20 2020
N EUR LU1683481003 38261766 108.78 2.10% Oct 20 2020
S EUR LU0571089167 12235573 111.83 3.10% Oct 20 2020
Vontobel Fund (CH) - Swiss Franc Corporate Bond

Fixed Income Boutique Swiss Bonds

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Share class Currency ISIN Valor NAV YTD As at
AN CHF CH0448102621 44810262 101.94 -0.50% Oct 20 2020
IA CHF CH0049631762 4963176 109.92 -0.46% Oct 20 2020
N CHF CH0445339549 44533954 102.29 -0.70% Oct 20 2020
Vontobel Fund - Eastern European Bond

Fixed Income Boutique Regional Bonds

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU0080215030 634784 35.42 -8.05% Oct 20 2020
AM EUR LU0469618036 10765162 38.30 -8.32% Oct 20 2020
AM USD LU0571068591 12234745 37.08 -3.34% Oct 20 2020
AN EUR LU1683489329 38261537 91.19 -7.64% Oct 20 2020
B EUR LU0080215204 634787 132.72 -8.04% Oct 20 2020
C EUR LU0137004601 1301469 170.47 -8.33% Oct 20 2020
I EUR LU0278087431 2870603 130.55 -7.62% Oct 20 2020
N EUR LU1683483801 38261522 97.51 -7.64% Oct 20 2020
Vontobel Fund - Emerging Markets Blend

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
HI (hedged) CHF LU1896847891 44276200 99.43 -9.06% Oct 20 2020
HI (hedged) EUR LU1896847628 44276198 100.18 -8.86% Oct 20 2020
HS (hedged) CHF LU1896848279 44276223 101.44 -8.60% Oct 20 2020
I USD LU1256229680 28772028 145.10 -7.66% Oct 20 2020
PHS (partially hedged) CHF LU2001997159 48077323 89.02 -10.25% Oct 20 2020
Vontobel Fund - Emerging Markets Corporate Bond

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
A USD LU2033400107 49240328 99.01 -4.91% Oct 20 2020
AQN USD LU1914926925 44988752 96.35 -4.49% Oct 20 2020
B USD LU1750111707 39897195 106.48 -4.91% Oct 20 2020
HI (hedged) EUR LU1750111533 39898221 101.03 -5.74% Oct 20 2020
HI (hedged) CHF LU1923148958 45490215 104.33 -5.96% Oct 20 2020
I USD LU1305089796 30034517 156.63 -4.46% Oct 20 2020
N USD LU1750111616 39897174 108.05 -4.49% Oct 20 2020
S USD LU2046631813 49663051 98.63 -3.98% Oct 20 2020
Vontobel Fund - Emerging Markets Debt

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
AH (hedged) EUR LU1482064224 33739112 89.81 -6.60% Oct 20 2020
AHI (hedged) CHF LU1572142336 35836655 90.52 -6.41% Oct 20 2020
AHN (hedged) EUR LU1684196279 38261507 91.19 -6.24% Oct 20 2020
AI EUR LU1086766554 24882764 116.88 -9.66% Oct 20 2020
B USD LU0926439562 21343505 130.24 -5.22% Oct 20 2020
H (hedged) EUR LU0926439992 21343509 115.49 -6.59% Oct 20 2020
H (hedged) CHF LU0926440065 21343526 111.78 -6.86% Oct 20 2020
HI (hedged) CHF LU0926440495 21343537 116.29 -6.41% Oct 20 2020
HI (hedged) GBP LU1700373241 38689213 99.16 -5.63% Oct 20 2020
HI (hedged) EUR LU0926440222 21343536 120.21 -6.22% Oct 20 2020
HN (hedged) CHF LU1683481938 38261772 94.99 -6.42% Oct 20 2020
HN (hedged) EUR LU1683488438 38261771 95.84 -6.23% Oct 20 2020
HS (hedged) CHF LU1627767111 37026687 99.90 -5.97% Oct 20 2020
I USD LU0926439729 21343507 135.93 -4.78% Oct 20 2020
N USD LU0926439646 21343506 135.32 -4.82% Oct 20 2020
S USD LU1171709691 26738515 140.80 -4.32% Oct 20 2020
Vontobel Fund - EUR Corporate Bond Mid Yield

Fixed Income Boutique Corporate Bonds

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU0153585566 1473224 111.17 0.99% Oct 20 2020
AI EUR LU1258889689 28828731 106.18 1.44% Oct 20 2020
AN EUR LU1683480963 38261789 103.50 1.41% Oct 20 2020
B EUR LU0153585723 1473228 186.06 0.98% Oct 20 2020
C EUR LU0153585996 1473231 226.97 0.67% Oct 20 2020
H (hedged) CHF LU0863290267 20187732 123.56 0.64% Oct 20 2020
HI (hedged) USD LU1054314221 24129336 137.35 2.58% Oct 20 2020
HI (hedged) CHF LU1047498362 23983081 120.55 1.10% Oct 20 2020
HN (hedged) CHF LU1767066514 40236087 106.33 1.05% Oct 20 2020
HN (hedged) GBP LU1092317624 25420414 124.34 1.64% Oct 20 2020
I EUR LU0278087860 2870622 175.11 1.44% Oct 20 2020
N EUR LU1612361102 36720881 109.25 1.42% Oct 20 2020
Vontobel Fund - Euro Bond

Fixed Income Boutique Regional Bonds

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU0035744233 607585 160.36 4.18% Oct 20 2020
AM USD LU0571063014 12235286 97.58 9.45% Oct 20 2020
AN EUR LU1683489246 38261519 112.36 4.58% Oct 20 2020
B EUR LU0035744829 607584 445.27 4.17% Oct 20 2020
I EUR LU0278087357 2870597 184.75 4.65% Oct 20 2020
N EUR LU1683481698 38261534 114.35 4.62% Oct 20 2020
Vontobel Fund - Euro Short Term Bond

Fixed Income Boutique Short Term Bonds

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU0120688915 1128470 82.26 -0.17% Oct 20 2020
AN EUR LU1683489758 38261465 98.15 -0.04% Oct 20 2020
B EUR LU0120689640 1128471 133.78 -0.16% Oct 20 2020
C EUR LU0137009238 1301611 157.68 -0.48% Oct 20 2020
HNG (hedged) CHF LU2061945882 50362736 99.73 -0.24% Oct 20 2020
I EUR LU0278091037 2870738 113.83 -0.01% Oct 20 2020
N EUR LU1683481854 38261510 101.38 -0.03% Oct 20 2020
NG EUR LU1650589689 37573522 101.71 0.08% Oct 20 2020
Vontobel Fund - Global Corporate Bond Mid Yield

Fixed Income Boutique Corporate Bonds

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Share class Currency ISIN Valor NAV YTD As at
A USD LU1395536086 32261678 117.27 5.51% Oct 20 2020
AH (hedged) CHF LU1395536169 32261679 104.15 3.83% Oct 20 2020
AH (hedged) EUR LU1395536243 32261681 106.11 4.01% Oct 20 2020
AHN (hedged) CHF LU1683488198 38261452 104.03 4.36% Oct 20 2020
AHN (hedged) EUR LU1683488271 38261459 108.14 4.57% Oct 20 2020
AN USD LU1683487976 38261426 117.07 6.05% Oct 20 2020
B USD LU1395536599 32261688 126.51 5.52% Oct 20 2020
G USD LU1309987045 30148170 135.84 6.27% Oct 20 2020
H (hedged) EUR LU1395536755 32261832 114.64 4.10% Oct 20 2020
HG (hedged) EUR LU1291112750 29636452 122.13 4.77% Oct 20 2020
HG (hedged) CHF LU1831168353 42001407 114.36 4.55% Oct 20 2020
HI (hedged) CHF LU1395536912 32261844 115.33 4.41% Oct 20 2020
HN (hedged) EUR LU1734078667 39472008 110.24 4.63% Oct 20 2020
I USD LU1395537134 32261851 129.89 6.07% Oct 20 2020
N USD LU1683487893 38261408 119.97 6.05% Oct 20 2020
Vontobel Fund - High Yield Bond

Fixed Income Boutique High Yield Bonds

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Share class Currency ISIN Valor NAV YTD As at
AI EUR LU1275269402 29197167 98.68 -3.94% Oct 20 2020
AMH (hedged) AUD LU1374300298 31737130 87.05 -4.61% Oct 20 2020
AMH (hedged) USD LU1061952005 24300405 76.31 -3.44% Oct 20 2020
AMHN (hedged) USD LU1683488354 38261774 107.49 -2.55% Oct 20 2020
AS EUR LU0756125596 18137790 82.36 -4.68% Oct 20 2020
B EUR LU0571066462 12236145 130.79 -4.36% Oct 20 2020
H (hedged) USD LU0571067601 12236150 144.50 -3.10% Oct 20 2020
H (hedged) CHF LU0571067437 12236147 125.09 -4.67% Oct 20 2020
HC (hedged) USD LU1061952187 24300956 112.45 -3.37% Oct 20 2020
HI (hedged) USD LU0571068088 12236149 121.13 -2.63% Oct 20 2020
HI (hedged) CHF LU0571067866 12236148 112.29 -4.22% Oct 20 2020
HN (hedged) USD LU1683481268 38261764 107.00 -2.68% Oct 20 2020
HN (hedged) CHF LU1683481185 38261763 98.32 -4.26% Oct 20 2020
I EUR LU0571066975 12236151 137.04 -3.91% Oct 20 2020
N EUR LU1683481342 38261768 99.91 -3.93% Oct 20 2020
Vontobel Fund - Sustainable Emerging Markets Local Currency Bond

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
A USD LU0563307551 12061798 60.49 -1.01% Oct 20 2020
AM USD LU0563307635 12061799 51.23 -1.33% Oct 20 2020
AN USD LU1683487208 38261516 90.37 -0.51% Oct 20 2020
B EUR LU0752071745 18059822 101.58 -6.07% Oct 20 2020
B CHF LU0752070267 18059927 90.37 -7.30% Oct 20 2020
B USD LU0563307718 12061801 96.36 -1.01% Oct 20 2020
C USD LU0563307809 12061803 139.01 -1.33% Oct 20 2020
H (hedged) CHF LU0563308369 12061825 78.81 -2.73% Oct 20 2020
H (hedged) EUR LU0563308443 12061827 83.39 -2.39% Oct 20 2020
HI (hedged) CHF LU0563308799 12061834 83.82 -2.31% Oct 20 2020
HI (hedged) EUR LU0563308872 12061836 84.75 -2.20% Oct 20 2020
HN (hedged) CHF LU1683483470 38261533 92.09 -2.35% Oct 20 2020
HN (hedged) EUR LU1683487380 38261546 93.44 -2.12% Oct 20 2020
I USD LU0563307981 12061804 102.56 -0.49% Oct 20 2020
N USD LU1683483124 38261758 101.28 -0.51% Oct 20 2020
Vontobel Fund - Swiss Franc Bond

Fixed Income Boutique Swiss Bonds

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Share class Currency ISIN Valor NAV YTD As at
A CHF LU0035736726 607579 124.17 -0.66% Oct 20 2020
AI CHF LU1331778172 30670268 98.67 -0.26% Oct 20 2020
AN CHF LU1683487463 38261780 99.56 -0.41% Oct 20 2020
AQG CHF LU1374300454 31764789 97.76 -0.23% Oct 20 2020
B CHF LU0035738771 607578 241.93 -0.67% Oct 20 2020
C CHF LU0137003116 1301495 189.74 -0.98% Oct 20 2020
G CHF LU1206762293 27539927 102.13 -0.22% Oct 20 2020
I CHF LU0278084768 2870530 136.36 -0.26% Oct 20 2020
N CHF LU1683481425 38261782 100.82 -0.41% Oct 20 2020
Vontobel Fund - Swiss Money

Fixed Income Boutique Short Term Bonds

View 4 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A CHF LU0120694640 1128466 85.97 -0.61% Oct 20 2020
B CHF LU0120694996 1128469 112.30 -0.60% Oct 20 2020
I CHF LU0278086623 2870734 97.78 -0.57% Oct 20 2020
N CHF LU1683480617 38261456 97.99 -0.57% Oct 20 2020
Vontobel Fund - TwentyFour Absolute Return Credit Fund

TwentyFour Asset Management Investment Grade

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Share class Currency ISIN Valor NAV YTD As at
AH (hedged) CHF LU1380459195 31902604 93.14 0.02% Oct 20 2020
AH (hedged) USD LU1380459351 31903201 102.79 1.25% Oct 20 2020
AH (hedged) EUR LU1380459278 31903191 94.74 0.10% Oct 20 2020
AHN (hedged) EUR LU1683487620 38261757 94.74 0.53% Oct 20 2020
AHN (hedged) CHF LU1734078154 39471995 93.92 0.29% Oct 20 2020
AI GBP LU1267852249 29030549 96.05 1.17% Oct 20 2020
AQHN (hedged) EUR LU1331789450 30670277 100.10 0.55% Oct 20 2020
AQHNG (hedged) USD LU1410502493 32553207 106.27 1.83% Oct 20 2020
AQN GBP LU1331789377 30670273 108.52 1.14% Oct 20 2020
AQNG GBP LU1368730674 31599783 103.23 1.26% Oct 20 2020
G GBP LU1273680238 29168014 117.29 1.30% Oct 20 2020
HI (hedged) CHF LU1599320444 36446926 102.20 0.42% Oct 20 2020
HI (hedged) EUR LU1331789617 30671519 109.62 0.51% Oct 20 2020
HI (hedged) AUD LU2191833487 55433199 101.21 - Oct 20 2020
HN (hedged) EUR LU1734078238 39472001 101.43 0.45% Oct 20 2020
HN (hedged) USD LU1767066357 40236072 108.78 1.54% Oct 20 2020
I GBP LU1267852082 29030420 116.62 1.17% Oct 20 2020
N GBP LU1267852595 29030838 116.39 1.14% Oct 20 2020
Vontobel Fund - TwentyFour Monument European Asset Backed Securities

TwentyFour Asset Management Asset Backed Securities

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU1882612564 43753862 97.38 -1.47% Oct 20 2020
AH (hedged) USD LU1882612994 43753876 103.29 -0.23% Oct 20 2020
AH (hedged) CHF LU1882612648 43753868 98.07 -1.66% Oct 20 2020
AH (hedged) GBP LU1882612721 43753874 99.10 -1.04% Oct 20 2020
HI (hedged) USD LU1602256700 36484869 109.22 0.06% Oct 20 2020
HI (hedged) CHF LU1602256296 36484864 99.80 -1.39% Oct 20 2020
HN (hedged) CHF LU1882613299 43753894 98.87 -1.39% Oct 20 2020
HN (hedged) USD LU1882613455 43753897 104.42 0.22% Oct 20 2020
HN (hedged) GBP LU1882613372 43753896 101.34 -0.63% Oct 20 2020
I EUR LU1602255561 36484858 101.61 -1.05% Oct 20 2020
N EUR LU1882613026 43753879 99.73 -1.08% Oct 20 2020
Vontobel Fund - TwentyFour Strategic Income Fund

TwentyFour Asset Management Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
AH (hedged) USD LU1380459609 31903318 114.76 3.57% Oct 20 2020
AH (hedged) EUR LU1380459518 31903287 104.99 2.42% Oct 20 2020
AH (hedged) CHF LU1380459435 31903272 102.88 2.15% Oct 20 2020
AHI (hedged) EUR LU1325139290 30515147 101.36 2.93% Oct 20 2020
AHN (hedged) CHF LU1683482407 38291774 98.71 2.65% Oct 20 2020
AHN (hedged) EUR LU1734078311 39472004 99.56 2.79% Oct 20 2020
AQ GBP LU1695534591 38576552 100.13 2.76% Oct 20 2020
AQH (hedged) Gross USD LU1695534674 38576554 100.34 3.57% Oct 20 2020
AQH (hedged) Gross HKD LU1695534831 38576560 97.14 3.69% Oct 20 2020
AQH (hedged) Gross SGD LU1695534914 38576564 97.70 3.41% Oct 20 2020
AQH (hedged) Gross EUR LU1695534757 38576557 95.47 2.42% Oct 20 2020
AQHG (hedged) EUR LU1816229899 41604558 99.63 3.16% Oct 20 2020
AQHG (hedged) USD LU1816230046 41604564 105.16 4.29% Oct 20 2020
AQHI (hedged) USD LU1331792082 30671527 111.28 4.14% Oct 20 2020
AQHN (hedged) EUR LU1325135033 30514904 98.26 2.95% Oct 20 2020
AQHNG (hedged) EUR LU1325134226 30514898 98.47 3.03% Oct 20 2020
AQHNG (hedged) USD LU1451580523 33337877 110.73 4.30% Oct 20 2020
AQN GBP LU1322871630 30445597 103.61 3.26% Oct 20 2020
AQNG GBP LU1695534328 38576548 100.53 3.38% Oct 20 2020
G GBP LU1322871713 30445634 125.76 3.42% Oct 20 2020
H (hedged) EUR LU1551754515 35380297 110.99 2.26% Oct 20 2020
H (hedged) USD LU1695535135 38576584 113.80 3.60% Oct 20 2020
HG (hedged) USD LU1717117896 39078859 115.85 4.26% Oct 20 2020
HG (hedged) EUR LU1717117623 39078855 107.89 2.96% Oct 20 2020
HI (hedged) USD LU1325144027 30517180 131.28 4.11% Oct 20 2020
HI (hedged) EUR LU1325141510 30515149 118.63 2.79% Oct 20 2020
HI (hedged) CHF LU1325143136 30515275 116.44 2.69% Oct 20 2020
HN (hedged) USD LU1767066431 40236077 114.03 4.12% Oct 20 2020
HN (hedged) EUR LU1734078584 39472006 106.97 2.83% Oct 20 2020
HNG (hedged) EUR LU1325133921 30514756 119.39 2.98% Oct 20 2020
HNG (hedged) USD LU1695535051 38576583 116.43 4.17% Oct 20 2020
HR (hedged) CHF LU1650589929 37575133 108.25 2.92% Oct 20 2020
I GBP LU1322871390 30445160 124.71 3.30% Oct 20 2020
N GBP LU1322871556 30445263 124.53 3.27% Oct 20 2020
NG GBP LU1322871986 30446217 125.47 3.38% Oct 20 2020
Vontobel Fund - Value Bond

Fixed Income Boutique Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
A CHF LU0218908985 2140188 80.28 2.18% Oct 20 2020
AN CHF LU1683482746 38261781 104.20 1.93% Oct 20 2020
B CHF LU0218909108 2140195 110.35 2.18% Oct 20 2020
I CHF LU0278084842 2870613 111.94 2.06% Oct 20 2020
N CHF LU1683480377 38261417 104.43 2.04% Oct 20 2020
S CHF LU0571089084 12235868 111.54 2.57% Oct 20 2020

Sustainability within fixed income investing

Our fixed income teams have been active in sustainability investing since 2001 and have continuously developed our ESG offering since then. Our teams follow the same basic philosophy of integrating ESG issues into investment decision-making, tailored to the distinct investment philosophy and market segments they invest in.

Learn more

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Insights

Fixed Income Boutique
2020-07-02_em-coporate-bond-update_teaser
Viewpoint
COVID-19

Emerging market corporate bonds: a paradise, if actively managed

From an active manager’s point of view, risk premiums are currently very high in emerging markets and make their corporate bonds an attractive asset class in the stubborn low-rate environment. Wouter van Overfelt, portfolio manager of our Emerging Markets Corporate Bond portfolio, is ready to take advantage of the broad and promising opportunity set, applying a tried and tested investment strategy.

Read more