Bad Homburg-based asset manager Antecedo has announced the launch of Liquid Invest, a fixed income fund aimed at offering institutional and retail investors a return exceeding the Euro Overnight Index Average (Eonia) by at least 150 basis points.
The fund invests at least 75% of its portfolio in euro denominated bonds with an average maturity of ten years as well as high grade money market instruments issed by EU member states or EU domiciled institutions.
„Interest rate risks of these bonds will be hedged using derivatives in order to increase the expected return even further. The hedging process has been established in order to fully exclude losses following an initial investment period of about three months“ explains fund manager Kay-Peter Tönnes.
Its fees are limited to an annual total expense ratio of 0.42% with no further issuing premium, redemption- or performance fee being charged. The fund is currently registered for distribution in Germany only.