EM Short Duration Reference Portfolio
This Strategic Certificate reproduces an investment strategy that is defined under the sole responsibility of the Investment Advisor and without the support or advice of the Issuer and/or Calculation Agent:
This fixed income strategy aims to give an exposure to a very short duration diversified bonds portfolio. The strategy is mainly buy and hold and therefore the turnover p.a should be around 70% as portfolio duration will be around 1. In the current low interest rates context, the duration risk is high. Investor should find the right balance between return and risk. This type of fixed income portfolio offers a very interesting risk / return profile through High Yield and/or Emerging papers and short duration. The portfolio will be very diversified regionally and sector-wise with at least 20 to 25 lines.