SmartBonds
The objective of the SmartBonds fund is to achieve above-average interest income, measured in EUR, through investing in higher-yielding fixed income instruments.
Portfolio of SmartBonds hedge fund is focused on the higher yield segment of the bond market. The portfolio is territorially and industry diversified and consists of government, municipal and corporate bonds.
SmartBonds can invest a limited amount of money in bonds of issuers with S&P, Moody´s or Fitch credit rating lower than or equal to BB+ (Ba1), but it is prohibited to invest in bonds of issuers with rating lower than CCC (Caa). Market risk is measured and managed according to Macaulay duration with the approximate value of 3.5 year. The Fund´s denomination currency is EUR.
SmartBonds can employ various techniques - currency, interest rate futures or other risk management or investment techniques to diversify risk or to enhance return.