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
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 Carloalberto Fraccaro.
- 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
- 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
For detailed information on opportunities and risks, please refer to the current sales prospectus.
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.
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:
Defence & Military:
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.
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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 information documents (PRIIPs-KIDs), 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, Belgium, Germany, Liechtenstein, Luxembourg: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg; France: Société Générale Securities Services, Société anonyme, 29 boulevard Haussmann, 75009 Paris; Italy: Allfunds Bank Milan, Via Bocchetto, 6, 20123 Milano; SGSS S.p.A., Via Benigno Crespi 19A-MAC2, 20159 Milano; Portugal: BEST - Banco Eletronico de Servico Toal S.A., Praca Marques de Pombal, 3A,3, Lisbon; Spain: Société Générale Securities Services Sucursal en Espana, Plaza Pablo Ruiz Picasso, 1, 28020 Madrid; Switzerland: Representative: IPConcept (Schweiz) AG, Münsterhof 12, CH-8022 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zürich.
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