Your Needs
Are you interested in globally diversified convertible bonds?
- The «H.A.M. Global Convertible Bond Fund» offers you an actively managed investment solution that invests flexibly in all opportunities of the convertible bond universe, independent of any benchmark. Our outstanding track record dates back to March 2000.
Are you looking for yield to maturity with additional opportunities?
- The «H.A.M. Enhanced Yield CB Fund» was launched in July 2020 specifically for fixed income investors looking to capitalize on opportunities beyond interest earnings.
Do you want to invest in convertible bonds and have specific ideas or investment guidelines that need to be implemented?
- We have a long history of managing exclusive convertible bond strategies according to individual guidelines through mandate relationships.
Our Philosophy
Focus on quality and convexity
We concentrate on a fundamental bottom-up analysis of each convertible bond concerning equity risks, credit quality, valuation, yield to maturity, and liquidity.
Short-term trends, thematic investments, sector or stock momentum are secondary factors for us.
Independent portfolio construction detached from benchmarks
We practice active management with the goal of generating a consistently attractive absolute performance.
Convertible bond indices do not influence our decisions; benchmarks such as the «FTSE Global Focus Convertible Index» are used solely for reporting purposes.
Portfolio based on core-satellite approach
For our flagship fund «H.A.M. Global Convertible Bond Fund», we aim for a globally diversified portfolio and avoid concentration risks.
We focus on core positions with high debtor quality (at least 40% with investment grade rating) and supplement with selected undervalued convertible bonds as satellites.
Strict investment process & consistent risk management
Every commitment is based on a well-founded investment decision, taking into account portfolio construction.
The investment case is continuously reviewed, and the risk compensation is constantly monitored.
Balanced
H.A.M. Global Convertible Bond Fund
The primary goal is to achieve long-term capital gains through active management and targeted, diversified investments in global convertible bonds - independent of any benchmark index. The strategy maximizes potential for capital growth in various market conditions thanks to a consistent focus on bottom-up.
Using fundamental analysis, attractively valued convertible bonds from all regions are selected. These can range from «Bond Proxy» to «Balanced» to «Equity Proxy» characteristics, ensuring an optimal balance between risk and return at the aggregated portfolio level.
|
Launch Date |
29.03.2000 |
|
Universe |
global convertible bonds, without restrictions |
|
Equity Sensitivity |
25% - 75% |
|
Credit Quality |
min. 40% IG / target average rating: IG |
|
Fund Currency |
EUR (hedged) |
|
Share Classes |
A-Class: EUR / CHF / USD / GBP |
|
Regulation |
UCITS |
|
ESG |
SFDR Article 8 |
The latest monthly report, historical performance as well as detailed information and publications can be accessed here:
Subscriptions Details
EUR |
LI0010404585 |
CHF |
LI0045967341 |
USD |
LI0028897788 |
GBP |
LI0364737259 |
Liechtensteinische Landesbank AG
Fund Desk
Tel +423 236 81 48
fundsdealing@llb.li
Bond Plus
H.A.M. Enhanced Yield CB Fund
The stated investment objective is to generate short to medium-term returns, focusing on the yield to maturity of global convertible bonds. This is achieved through active management without the constraint of a benchmark.
The focus is primarily on carefully selected convertible bonds that are referred to as «Bond Proxy» due to their defensive characteristics. Securities chosen have a maximum remaining maturity of three years and are trading below their redemption price. For diversification and yield optimization, selected securities may exhibit a certain degree of equity sensitivity, but only up to a «Lower Balanced» profile.
|
Launch Date |
22.07.2020 |
|
Universe |
short-dated global convertible bonds |
|
Equity Sensitivity |
0% - 25% |
|
Credit Quality |
target average rating: IG |
|
Fund Currency |
USD (mostly FX hedged) |
|
Share Classes |
USD (accumulating) |
|
Regulation |
UCITS |
|
ESG |
SFDR Article 8 |
Historical performance as well as detailed information and publications can be accessed here:
Subscription Details
USD |
LI0555350656 |
VP Bank AG
Fund Desk
Tel +423 399 19 88
ef@vpbank.com
Discretionary Mandates
Customized Strategies for Convertible Bonds
In addition to our mutual funds, we offer exclusive convertible bond mandates tailored to the preferences and guidelines of our clients.
Since 2008, we have been managing a global convertible bond mandate focusing on asymmetric risk/return behavior for one of Europe's largest fund service platforms.
We would be pleased to show you the opportunities surrounding mandate solutions offered by Holinger Asset Management.