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MainFirst –
Emerging Markets Credit Opportunities Fund (IN LIQUIDATION)

MainFirst Emerging Markets Credit Opportunities Fund is a corporate bond fund that invests primarily in emerging and frontier markets. It pursues a high-yield strategy with a high-conviction, active investment approach and rigorous risk management. The fund aims to systematically outperform the benchmark index and generate long-term capital growth and substantial returns in the process.

Learn more

MainFirst –
Emerging Markets Credit Opportunities Fund (IN LIQUIDATION)

MainFirst Emerging Markets Credit Opportunities Fund is a corporate bond fund that invests primarily in emerging and frontier markets. It pursues a high-yield strategy with a high-conviction, active investment approach and rigorous risk management. The fund aims to systematically outperform the benchmark index and generate long-term capital growth and substantial returns in the process.

Learn more

MainFirst – Emerging Markets Credit Opportunities Fund (IN LIQUIDATION)

More about the fund

MainFirst Emerging Markets Credit Opportunities Fund focuses on emerging and frontier markets. It invests in high-yield corporate bonds and debt securities issued by government authorities, central and regional banks. The selected hard currency investments mainly include bonds, including zero-coupon bonds, short-term debt securities and similar debt instruments. Stock selection is based on bottom-up analyses. This also includes second-tier companies that are established in niche markets but are undervalued.

The portfolio managers responsible for MainFirst Emerging Markets Credit Opportunities Fund pursue a high-yield strategy and apply a fundamental, active investment approach. All positions are hedged as part of a rigorous risk management process, which also includes defining a stop-loss and a profit target. In addition, the fund managers perform a five-step analysis of the emerging market companies that involves comparing credit ratings as part of the contrarian investment approach. The comparison is performed at country, sector and company levels, among others. This ensures that opportunities and risks can be weighed up against each other in detail and exploited in the best possible way. MainFirst Emerging Markets Credit Opportunities Fund aims to systematically outperform the benchmark index and achieve long-term capital growth and thus generate substantial returns.

The fund management team consists of Andranik Safaryan, Cornel Bruhin and Roman Kostal.

Opportunities

  • Flexible investment policy without benchmarking
  • Fixed income funds: yield growth or price increases, respectively, on the pension markets and/or reduction of the yield mark-up for securities bearing higher interest rates
  • Foreign exchange gains, if applicable                                                                               

Risks

  • Fixed income funds: yield reduction or price losses, respectively, on the pension markets and/or increase of the yield mark-up for securities bearing higher interest rates
  • Generally: country risk, solvency and/or credit risks of issuers and/or counterparties
  • Use of derivative financial instruments, if applicable
  • Foreign exchange risks, if applicable
  • The share value may drop below the purchase price the customer paid for the share at any
    time.

For detailed information on opportunities and risks, please refer to the current sales prospectus.

UNPRI

MainFirst is committed to the Principles for Responsible Investment (UNPRI) for all investments.

ESG risk analysis
For us, sustainable investing means incorporating ESG risks as a key aspect of the investment process into our investment decisions. During this process, the companies in the MainFirst Emerging Markets Credit Opportunities Fund are also checked for existing ESG risks using the database of the external rating agency Sustainalytics. This is primarily a qualitative process.

active dialogue
We engage in an active dialogue with the representatives of the companies in our portfolio positions. This facilitates a constructively critical exchange on strategic and sustainability-oriented topics. Through this commitment, we aim to achieve an improvement in the ESG profile at company level. Companies with serious risks ("Severe Risk") are assessed separately and their management is approached individually to remedy and improve the relevant issues. Companies that do not yet have an ESG rating are also being approached to act more transparently and thereby obtain an external ESG rating.

SECTOR EXCLUSIONs (PRODUcT ENGAGEMENT)

In addition, the fund management team wants to make the world a better place by actively investing sustainably. Therefore, we strengthen the sustainability approach of the MainFirst Emerging Markets Credit Opportunities Fund by excluding other sectors:

 

Energy & Environment:

    • Coal

 

Value-based sectors:

    • Tobacco

 

Defence & Military:

    • Armaments


GLOBAL STANDARDS

The exclusion of companies that do not meet the criteria of human rights, labour rights, environment or anti-corruption according to the Global Standards of the UN Global Compact is also a basic requirement of the investment.

Climate impact   

Our goal is to create verifiable transparency with science-based climate impact analyses. Together with the climatrics provider right. based on science GmbH, the economic and ecological aspects of decarbonisation are combined in a tangible and meaningful degree figure for this purpose. Due to the poor data basis in the Emerging Markets, MainFirst is actively working on improving this basis. With a view to the goals of the Paris Climate Agreement, all oil & gas companies will be analyzed by MainFirst by then and will be taken into account in the investment process.

 

Fund Purchases Sales contact

Legal notices

This is a marketing communication.

It is for information purposes only and provides the addressee with guidance on our products, concepts and ideas. This does not form the basis for any purchase, sale, hedging, transfer or mortgaging of assets. None of the information contained herein constitutes an offer to buy or sell any financial instrument nor is it based on a consideration of the personal circumstances of the addressee. It is also not the result of an objective or independent analysis. MainFirst makes no express or implied warranty or representation as to the accuracy, completeness, suitability, or marketability of any information provided to the addressee in webinars, podcasts or newsletters. The addressee acknowledges that our products and concepts may be intended for different categories of investors. The criteria are based exclusively on the currently valid sales prospectus. This marketing communication is not intended for a specific group of addressees. Each addressee must therefore inform themselves individually and under their own responsibility about the relevant provisions of the currently valid sales documents, on the basis of which the purchase of shares is exclusively based. Neither the content provided nor our marketing communications constitute binding promises or guarantees of future results. No advisory relationship is established either by reading or listening to the content. All contents are for information purposes only and cannot replace professional and individual investment advice. The addressee has requested the newsletter, has registered for a webinar or podcast, or uses other digital marketing media on their own initiative and at their own risk. The addressee and participant accept that digital marketing formats are technically produced and made available to the participant by an external information provider that has no relationship with MainFirst. Access to and participation in digital marketing formats takes place via internet-based infrastructures. MainFirst accepts no liability for any interruptions, cancellations, disruptions, suspensions, non-fulfilment, or delays related to the provision of the digital marketing formats. The participant acknowledges and accepts that when participating in digital marketing formats, personal data can be viewed, recorded, and transmitted by the information provider. MainFirst is not liable for any breaches of data protection obligations by the information provider. Digital marketing formats may only be accessed and visited in countries in which their distribution and access is permitted by law.
For detailed information on the opportunities and risks associated with our products, please refer to the current sales prospectus. The statutory sales documents (sales prospectus, key investor information documents (KIIDs), semi-annual and annual reports), which provide detailed information on the purchase of units and the associated risks, form the sole authoritative and binding basis for the purchase of units. The aforementioned sales documents in German (as well as in unofficial translations in other languages) can be found at www.mainfirst.com and are available free of charge from the investment company MainFirst Affiliated Fund Managers S.A. and the custodian bank, as well as from the respective national paying or information agents and from the representative in Switzerland. These are:

Austria: Raiffeisen Bank International, Am Stadtpark 9, A-1030 Wien, Österreich; Belgium: ABN AMRO, Kortijksesteenweg 302, 9000 Gent, Belgium; Finland: Skandinaviska Enskilda Banken P.O. Box 630, FI-00101 Helsinki, Finland; France: Société Générale Securities Services, Société anonyme, 29 boulevard Haussmann, 75009 Paris, France; Germany: MainFirst Affiliated Fund Managers (Deutschland) GmbH, Kennedyallee 76, D-60596 Frankfurt am Main, Deutschland; Italy: Allfunds Bank Milan, Via Bocchetto, 6, 20123 Milano MI, Italy; Lichtenstein: Bendura Bank AG, Schaaner Strasse 27, 9487 Gamprin-Bendern, Lichtenstein; Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen; Portugal: BEST - Banco Eletronico de Servico Toal S.A., Praca Marques de Pombal, 3A,3,Lisbon; Spain: Societe Generale Sucursal en Espana, Plaza Pablo Ruiz Picasso, 1, 9th floor, 28020 Madrid, Spain; Sweden: MFEX Mutual Funds Exchange AB, Grev Turegatan 19, Box 5378, SE-102 49, Stockholm, Sweden; Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, Postfach, CH-8022 Zürich, Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich; UK: Société Générale Securities Services, Société Anonyme (UK Branch), 5 Devonshire Square, Cutlers Gardens, London EC2M 4TL, United Kingdom.

The investment company may terminate existing distribution agreements with third parties or withdraw distribution licences for strategic or statutory reasons, subject to compliance with any deadlines. Investors can obtain information about their rights from the website www.mainfirst.com and from the sales prospectus. The information is available in both German and English, as well as in other languages in individual cases. Explicit reference is made to the detailed risk descriptions in the sales prospectus.
This publication is subject to copyright, trademark and intellectual property rights. Any reproduction, distribution, provision for downloading or online accessibility, inclusion in other websites, or publication in whole or in part, in modified or unmodified form, is only permitted with the prior written consent of MainFirst.

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