Quantitative asset manager TOBAM has launched an Article 8 anti-benchmark high yield fund, aiming to deliver 7.7% in euro-hedged yield-to-maturity (9.1% USD hedged), running a 2027 maturity timeline.
The unveiling of the Anti-Benchmark High Yield Maturity 2027 fund follows the launch of the firm's 2026 maturity fund earlier this year. TOBAM said, as increased inflation and rising rates continue to cause uncertainty, the fund aims to provide investors with a risk neutral allocation and deliver credit risk premium while mitigating default risk. Deep Dive: Fixed income offers 'number of opportunities' in period of high volatility Investing in a broad global universe of US, European and emerging market bonds, the fund's range is approximately 4.5 times larger than the euro short te...
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