9 May 2016, Sweden | News
The Catella Nordic Corporate Bond Flex fund has been named the Best Performer over a 3 Year.
Period in the European Corporate Credit Strategy category by The Hedge Fund Journal. The fund has generated a return of 10.52 percent after fees at a risk level of 1.30 percent, providing a competitive key ratio for risk-adjusted return, Sharp ratio over 3 years, 2.33.
The fund has a few tough months behind it, with turbulent equity markets and credit markets. But in the past month, the fund's performance has recovered somewhat and the fund managers continue their upward search. The fund's mandate is suited to investors seeking a fixed income investment able to generate positive returns if interest rates rise. The managers are able to use derivatives to create a portfolio with negative duration (term to maturity of the holdings). Traditional fixed income funds that are unable to have a short or negative duration will find it very difficult to deliver a positive return if interest rates rise.
Joakim Stenberg Catella