Sidera Funds, an investment company based in Luxembourg which investment manager and global distributor is Arca SGR, has launched a global high yield fund, Sidera Funds – Global High Yield.
The fund, a sub-fund of the firm’s Luxembourg Sicav, seeks to achieve capital growth in the medium term by investing primarily in corporate bonds and to generate a total rate of return in excess of a composite benchmark comprised of 50% BofA Merrill Lynch Euro High Yield Index (Bloomberg HE00) and 50% BofA Merrill Lynch US High Yield Constrained Index hedged into Euros (Bloomberg HUC0).
The fund invests in corporate bonds regardless of their maturity and rating, denominated in euro or dollar, issued by any corporate from any country worldwide, under local or other country’s law.
Goldman Sachs AM supports the management team for the US fixed income exposure of the portfolio.
The fund may also invest in corporate bonds denominated in other currencies, government bonds, government guaranteed bonds of any country worldwide and supranational and international agencies in any currency.
Its exposure to equities could go up 10%. The Sidera Funds – Global High Yield fund can as well invest in convertible and hybrid bonds.