Carmignac Credit 2029: Target Date Fund for Rigorous Selection of Credit Securities

2024-01-15 09:18:52

“Our target date funds, which focus on rigorous selection of credit securities, aim to take advantage of market opportunities,” explains Pierre Verlé.

Carmignac announces the launch of its third target date fund invested in the credit markets, Carmignac Credit 2029. This fund is now marketed in Switzerland as well as the second vintage, Carmignac Credit 2027.

Carmignac Credit 2029 is managed by the multi-awarded Carmignac credit team, made up of Pierre Verlé, Team Manager, as well as managers Alexandre Deneuville and Florian Viros.

The Fund, maturing in 2029, is invested in various corporate credit instruments, and aims to offer a target annualized performance between its creation date and its maturity date while hedging currency risk[1].

Securities selection is carried out through a rigorous investment process, combining an in-depth study of each company and an analysis of credit markets to estimate their cost of risk. This approach makes it possible to build a diversified portfolio of corporate bonds displaying an attractive risk-adjusted level of carry and offering income with good visibility.

Pierre Verlé comments: “Credit markets were one of the few asset classes to revalue when capital ceased to be free, pushing yields higher and in fact creating opportunities for investors. However, the macroeconomic environment, including the outlook for inflation and slowing growth, has placed market volatility at the forefront of many clients’ concerns. Our target date funds, which focus on rigorous selection of credit securities, aim to take advantage of market opportunities while providing stability and visibility over a defined investment horizon. We are delighted that our Target Date Funds are finding a favorable response among investors, and thus to launch our third vintage. We are also pleased to expand our range of credit funds, in line with our desire to always offer bond solutions adapted to different investor profiles.”

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