Euro Fixed Income


Strategy description

The fund primarily invests in a diversified portfolio of European bonds denominated in Euro. We invest in government bonds and corporate bonds of high quality (with a rating of AAA to BBB-). Measured over a period of several years we aim to beat the performance of the benchmark Bloomberg Barclays Euro Aggregate. The investment decisions are based on our view on interest rate developments, our outlook on different countries and our view on corporate bonds. The investment process is based on extensive analysis of the macro economy, the market situation and on data from our models. In order to control the risk in the fund, we apply strict risk monitoring measures. Clients can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily.

Objective

Our investment objective is to provide a gross annualised 3-year outperformance of 0.65% versus the benchmark for the Dutch fund, and 0,35% versus the benchmark for the Luxemburg funds with a target information ratio of 0.33. The Dutch fund has a higher performance target as it has also a higher target tracking error.

Key information

Investment objective We strive to outperform the benchmark and competitors over a period of 3 years. The targeted information ratio is 0.25 - 0.50
Benchmark Bloomberg Barclays Euro Aggregate (TR)
Tracking error 2% (ex ante Maximum); 1% (ex ante Target) for the Luxemburg funds and 3% (ex ante Maximum); 2% (ex ante Target) for the Dutch fund
Investment universe Euro denominated Investment Grade government, Corporate bonds, ABS, Covered bonds and government related
Active positions Euro duration, Yield curve, Geographical allocation, Corporate bonds, ABS, Covered bonds and government related
Duration Max 3 years relative to the benchmark for the Luxemburg funds and max 6 years relative to the benchmark for the Dutch fund
Rating Spectrum Invest grade only
Currency exposure 100% EUR


NN Investment Partners

+44 (0) 207 382 1332

Key elements

  • Stable and experienced investment team
  • Euro only denominated exposure
  • Focus on optimal diversification and a strong performance track record
  • Benefits from market dynamics by applying an active investing approach
  • Active management of rates and credit exposure, both long and short
  • Risk budgeting and risk management form the heart of the portfolio construction process

Documents

The NN Euro Fixed Income strategy has a clear and proven investment process with an unique diversification in analysis, alpha sources and specialised investment teams. The fund is a top-down managed alpha seeking strategy with an exceptional high focus on risk management at the heart of the investment process.


NN Investment Partners

+44 (0) 207 382 1332

Key elements

  • Stable and experienced investment team
  • Euro only denominated exposure
  • Focus on optimal diversification and a strong performance track record
  • Benefits from market dynamics by applying an active investing approach
  • Active management of rates and credit exposure, both long and short
  • Risk budgeting and risk management form the heart of the portfolio construction process

Documents

Sylvain de Ruijter

Sylvain de Ruijter

Head of Global Fixed Income

Experience since 1990

Hans van Zwol

Hans van Zwol

Senior Portfolio Manager, Global Fixed Income

Experience since 1977

Jaco Rouw

Jaco Rouw

Senior Portfolio Manager, Global Fixed Income

Experience since 1994

NN Investment Partners

+44 (0) 207 382 1332

Key elements

  • Stable and experienced investment team
  • Euro only denominated exposure
  • Focus on optimal diversification and a strong performance track record
  • Benefits from market dynamics by applying an active investing approach
  • Active management of rates and credit exposure, both long and short
  • Risk budgeting and risk management form the heart of the portfolio construction process

Documents