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Credit Suisse SICAV One (Lux) Global Convertibles
The main advantage offered by convertible bonds is their asymmetric risk/reward profile. Convertibles provide much higher prospective returns than traditional bonds, with markedly lower volatility than equities.
Credit Suisse SICAV One (Lux) Global Convertibles provides an actively managed global investment vehicle in convertibles. The fund also applies Credit Suisse's efficient multi-asset class approach, which looks at convertible bonds in terms of the performance of the underlying share price, the issuer’s credit rating and volatility in its decision-making.
The fund makes broadly diversified investments in convertibles from private and public-sector issuers. Traditional bonds, equities, and structured products can be held in addition to the convertibles.
Benefits
- Convertible bonds historically have a very good risk/reward profile.
- In an uncertain market environment, the “bond floor” provides a degree of protection against price losses.
- Convertibles are currently trading on attractive valuations.
- Recently there has been a surge in convertible bond issuance.
- The fund offers a proven investment process with strict risk management and an experienced portfolio management.
Key Facts
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Fund domicile |
Luxembourg |
|---|---|
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Portfolio manager |
Convertible Bonds Team, Switzerland |
|
Fund currency |
USD |
|
Inception date |
19.10.2009 |
|
Management fee p.a. |
Class B: 1.20% |
|
Issuing commission |
As per bank fees |
|
Swiss Securities no. |
B USD: 10169270 |
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ISIN |
B USD: LU0426279682 |
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Fund Profile |
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Disclaimer
This document was produced by CREDIT SUISSE (hereafter “CS”) with the greatest of care and to the best of its knowledge and belief. However, CS provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this document are those of CS at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are not audited. This document is provided for information purposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or banking services and does not release the recipient from exercising his/her own judgment. The recipient is in particular recommended to check that the information provided is in line with his/her own circumstances with regard to any legal, regulatory, tax or other consequences, if necessary with the help of a professional advisor. This document may not be reproduced either in part or in full without the written permission of CS. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law. Every investment involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that the foreign currency might lose value against the investor’s reference currency. Historical performance indications and financial market scenarios are no guarantee for current or future performance. Performance indications do not consider commissions levied at subscription and/or redemption. Furthermore, no guarantee can be given that the performance of the benchmark will be reached or outperformed. The investment funds mentioned in this publication are domiciled in Luxembourg. Representative in Switzerland is CREDIT SUISSE ASSET MANAGEMENT FUNDS AG, Zurich. Paying agent in Switzerland is CREDIT SUISSE, Zurich. Subscriptions are only valid on the basis of the current sales prospectus and the most recent annual report (or semi annual report, if the latter is more recent). The prospectus, the simplified prospectus, the management regulations and the annual and semi annual reports may be obtained free of charge from CREDIT SUISSE ASSET MANAGEMENT FUND SERVICE (LUXEMBOURG) S.A., Luxembourg, from CREDIT SUISSE ASSET MANAGEMENT FUNDS AG, Zurich, and from any bank in the Credit Suisse Group AG. © 2009 Copyright by CREDIT SUISSE
