Fund Manager Top Pick for 2012!
This fund has been selected by Robeco Investment Managers as a Top Pick Fund for 2012.
What is the fund objective?
The Sub-fund aims to provide long-term capital growth. It invests at least two-thirds of its total assets in bonds, asset backed securities and similar fixed income securities with a rating of BBB+ or equivalent or lower by one of the recognized rating agencies, or with no rating.
The Sub-fund may not invest more than 10% of its total assets in equities or other participation rights, more than 25% of its total assets in convertible bonds and more than one third of its total assets in money market instruments.
To find out more please see the prospectus.
What is the fund's investment strategy?
Robeco High Yield Bonds invests globally in corporate high-yield bonds. In our investment process we use four different performance drivers:
- Top-down market view (beta overlay)
- Large cap issuer selection and leveraged buyouts
- Small cap issuer selection
- Investing in 'opportunities' (such as new issues)
Given the diversity of the high yield market we believe that the combination of these performance drivers with both fundamental and quantitative research techniques produces the best investment results.
Robeco High Yield Bonds does not pursue either an active currency policy (all currency risks are hedged into the euro) or an active duration policy. Risk management is fully integrated in the investment process, to ensure that positions always meet predefined guidelines.
Who is the Fund Manager?
Sander Bus is Head of the Credit Team and manages our high yield portfolios. Before joining Robeco in 1998 Sander worked for our parent company Rabobank as a Fixed Income Analyst for three years.
He holds a Master's degree in Financial Economics from Erasmus University, Rotterdam, became a CFA charter holder in 2003 and is registered with the Dutch Securities Institute. Sander has been active in the industry since 1996.
Who is Robeco?
Robeco, established in Rotterdam in 1929, offers investment products and services to institutional and private investors worldwide. It has around EUR 135 billion in assets under management (at 31 December 2009).
Robeco advocates responsible investing. Environmental, social and governance factors are integrated into the investment processes, and there is an exclusion policy in place. Robeco makes active use of its voting right and enters into dialogue with the companies in which it invests. The product range encompasses equity and fixed-income investments, money-market funds and alternative investments, including private equity, hedge funds and structured products. The various strategies are managed from Rotterdam (head office), Boston, Hong Kong, New York, Paris and Zurich.
To service institutional and business clients, Robeco has offices in Bahrain, Belgium, Greater China (Mainland, Hong Kong, Taiwan), France, Germany, Japan, Korea, Luxembourg, Spain, Switzerland and the United States. Robeco has a banking license in France and the Netherlands, where it can sell its products straight to private clients.
Robeco holds a 100% interest in Corestone (Zug, Switzerland), Harbor Capital Advisors (Chicago, USA) and Transtrend (Rotterdam, the Netherlands). Robeco also holds a majority interest in SAM Group (Zurich, Switzerland), a 49% interest in Canara Robeco Investment Management (Mumbai, India) and a 40% interest in AIM (Rijmenam, Belgium).
Robeco is part of Rabobank Group, one of the few privately owned banks in the world with the highest credit ratings from Moody's and Standard & Poor's. Furthermore, within the banking sector, Rabobank is one of the global leaders in terms of corporate social responsibility and sustainability.
As at 4 August 2010