Vontobel Fund - Emerging Markets Debt Core

Investment objective
This actively managed bond fund aims to outperform the J.P. Morgan EMBI Global Diversified Index over a 3-year rolling period.

Key features
While respecting risk diversification, the fund invests across emerging markets and credit ratings primarily in hard-currency bonds, notes, and similar interest-bearing securities of sovereign and corporate issuers. It may be invested largely in such securities from the high-yield rating segment. Specific limits apply for issuers outside the benchmark as well as for certain instruments, including non-rated, distressed, high-yield, convertible, CoCo, or warrant bonds, ABS, and MBS. The fund may use derivatives to achieve its investment objective. It considers specific sustainability criteria in assessing potential investments, combining the promotion of environmental and/or social characteristics with a commitment to sustainable investments.

Approach
The investment team focuses on spread optimization for a given risk level, based on in-depth research and a proprietary valuation model, and dynamically adapts the portfolio to changing markets, striving to seize opportunities and control risk.