Gesconsult
Oportunidad Renta Fija

The Fund will take strategic positions in fixed income markets primarily in the euro area and by investing at least 50% of total exposure in subordinated debt and contingent convertible bonds (both Investment Grade and High Yield). The management team do the credit analysis on the selected issuers seeking to invest in creditworthy issuers. The remainder of the exposure will be invested in public and/or private fixed income, including deposits and money market instruments, listed or unlisted, liquid and up to 10% in liquid securitisations.

The main objective of the fund is to capture current credit spreads and interest rates (2023) over a five-year horizon, seeking an IRR of approximately 6% and minimising volatility risk. The fund will have a distribution class and a distribution class with an average annual coupon of 4%.