Swiss private bank Lombard Odier has appointed Franklin Templeton’s David Zahn to manage an unconstrained European bond fund to complement Lombard Odier’s open architecture fund range PrivilEdge.
The PrivilEdge – Franklin Flexible Euro Aggregate Bond fund was launched on May 15 2017 and is managed by London-based David Zahn, head of European Fixed Income, Franklin Templeton Fixed Income group. The fund has been registered for distribution in France, Germany, Spain, UK, Switzerland, Liechtenstein, Belgium and the Netherlands. Lombard Odier clients are able to access this fund through the PrivilEdge range.
The fund is a pan-European strategy that can take advantage of the full spectrum of the European fixed income market (including government bonds, investment-grade corporates, high-yield corporates). As the strategy is unconstrained, rather than benchmark-driven, it can actively adjust its sub-asset class, duration and currency positioning to capitalise on market opportunities and provide downside protection.
Most of the bonds in the portfolio are denominated in Euro but the fund has the flexibility to invest in other European currencies. Its strategy shares some characteristics with The Franklin European Total Return fund, also managed by David Zahn that ranks in the first quartile over the 1, 2, 3 and 5-year time-periods in its peer group.
Philippe Baumann, head of Open Architecture at Lombard Odier said: “Our focus is to deliver exceptional quality to our clients through rigorous research and recognized expertise. With our Open Architecture fund range PrivilEdge, our clients have access to tailored solutions that are in line with our bank’s outlook and investment guidelines.
With 22 years’ investment experience, Zahn heads the European fixed income strategies with €2.2bn under management.