Up to 50% of capital raised by Oddo Haut Rendement Monde 2018 will be invested outside of Europe, in emerging countries and Asia.
The move comes as the firm attempts to establish itself as a fixed income expert in emerging countries.
The principle portfolio will be based on the dispersion of bond positions. Up to 50% of its NAV will be available for re-investment in investment grade European sovereign bonds, giving it potential exposure to the credit and fixed income markets of up to 150% of NAV. Leverage will be financed by lending securities or borrowing cash.
The fund management team, headed by Xavier Hoche, includes three credit analysts, two senior portfolio managers and two portfolio managers.
It is available in France and Italy, and is currently being authorised for sale in Switzerland and Belgium.
