(Boursier.com) — After the fundraising success of the previous Ofi Invest High Yield 2027 vintage, whose assets exceeded one billion euros, the new Ofi Invest High Yield 2029 fund has been open for subscription since February 20, 2024.
The Ofi Invest High Yield 2029 fund is a target date fund that primarily invests in high yield bonds from OECD countries with a minimum credit rating of BB-. It targets the highest rated bonds in this universe and, for diversification purposes, has the possibility of investing in so-called “Investment Grade” bonds (up to a maximum of 50%).
With a maturity management style, the maturity of the bonds in the portfolio does not exceed the fund’s maturity date of December 31, 2029 by more than 6 months. This “Buy & Hold” management aims to keep the bonds in the portfolio until their maturity. However, managers allow themselves the possibility of actively seizing market opportunities by selling/buying securities after the portfolio construction phase.
Ofi Invest Asset Management benefits from recognized expertise in the management of corporate bonds with a team of 7 managers specialized in the management of corporate bond funds who work in collaboration with 12 credit analysts and 7 ESG analysts. Assets under management amount to more than 6 billion euros across 35 Credit funds.
“14th target date fund launched and managed by our teams since 2009, the strategy is based on a proven management process and aims to take advantage of the level reached by bond yields, following the decisions of the European and American Central Banks of significantly increase their key rates since 2022 to deal with inflation. Our conviction is that this rate level appears to be an opportunity for investors, by favoring diversification and ensuring the vigilance of a manager in monitoring of each issuer”, explains Guillaume Poli, Development Director of Ofi Invest Asset Management.
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