Defensive allocation
IG Investments
- Cash, Core government debt
- Senior Corporate 'Core' debt
- Senior Financial 'Core' debt
The approach
A flexible credit strategy that can adapt to market conditions both strategically and tactically.
In response to the market environment and level of risk, the strategy is able to strategically shift from defensive to offensive type of assets.
Whilst tactically managing credit risk via a range of bonds and managing duration between -2 to +7 years.
Balanced allocation
IG Investments
- Senior Corporate 'Periph' debt
- Senior Financial 'Periph' debt
- EM Senior Corporate. & Financial debt
Offensive allocation
IG + HY Investments
- Senior HY debt, Convertible Bonds
- Corporate Hybrids
- Subordinated Financial debt
Reasons to consider
A flexible investment grade strategy, with the ability to allocate up to 49% to high yield in order to capitalise on dynamic market conditions.
The strategy primarily focusses on Eurozone markets (min. 50% in EUR currency), with the option to selectively invest into USD and GBP opportunities. Currency risk is hedged on a monthly basis.
The benchmark-agnostic strategy aims to deliver low correlation to credit markets over the long-term, and actively manages duration in a range of [-2; +7].
The actively managed total return portfolio strategically combines a range of bonds (corporate bonds, government bonds, convertible bonds etc.) to manage credit risk.
While employing liquid derivatives to manage interest rate and credit risk.
The analyses and opinions referenced herein represent the subjective views of the author(s) as referenced, are as of the date shown and are subject to change without prior notice.
Risks to consider
All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income and alternative investments. There is no assurance than any investment will meet its performance objectives of that losses will be avoided. There could be other differences across similar products in the same strategy. Investors should fully understand the risks and other relevant details associated with any investment prior to investing.
The team
Ismaël Lecanu
Portfolio manager
DNCA Investments
Jean-Marc Frelet
CFA, Portfolio manager
DNCA Investments
Nolwenn Le Roux
CFA, Portfolio manager
DNCA Investments
The firm
Created in 2000, DNCA Finance is recognized for conviction-based management across asset classes, management styles (Value, Blend and Growth) and geographical regions.
Their wealth management approach puts risk considerations at the center of their engagement, embedding them into each stage of the investment process whether it be financial or extra-financial dimensions.
Their investment offering is organized around five areas of expertise (Fixed Income, Global Macro, Multi-Asset, Equities and Beyond). Their strategies are well recognized and have been regularly awarded.
Paris
France
150+
Employees
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