Paris-headquartered Lyxor Asset Management has teamed up with Wells Fargo Asset Management to launch the Lyxor / Wells Capital Financial Credit fund.
The fund considers primarily fixed income credit instruments of global financial sector companies, with a European focus. The strategy invests across the capital structure of financial companies including senior, subordinated and contingent convertible bonds while hedging currency risk.
The fund investment philosophy relies on the conviction that fundamental credit research, combined with active asset allocation within a risk controlled framework, has the potential to generate sustainable returns over the long term.
Some €230bn of issuances are excpected over the next five years on the global high yield financial bond segment according to ECM Asset Management’s figures.
The investment team of the fund is based in London and led by Satish Pulle, senior portfolio manager at ECM Asset Management, part of Wells Fargo Asset Management (WFAM), who has 20 years industry experience.
The Lyxor / Wells Capital Financial Credit fund is available on Lyxor’s alternative Ucits platform and is passported into 12 countries. Not all share classes are available or registered for sale in all jurisdictions.
The addition of Wells Fargo AM brings to 11 the number of strategies available on on Lyxor’s €2.6bn alternative Ucits platform.