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Algebris Financial Credit I GBP Acc

Ranked 4 out of 18 in - Europe High Yield over 12 months
All calculations are in GBP unless stated

Managed by

Davide Serra

Davide Serra co-founded Algebris in 2006. Previously, Davide was a Managing Director at Morgan Stanley where he headed the European Banks Research Team and was the Global Banks team coordinator. Prior to Morgan Stanley, Davide worked in the UBS Banks research team as a senior analyst (1995-2000). Davide holds a BA (Hons) in Economics from Bocconi University in Italy and a Master CEMS. Italian native, he speaks fluent English and French. Davide played volleyball professionally in Italy from 1985 and 1990 and reached Serie A1. Now he enjoys climbing and off-piste skiing in the Alps and mountains around the world.

Objective

The Fund aims to achieve a high level of current income and modest capital appreciation by investing in senior and subordinated debt securities of the financial credit sector globally including hybrid capital instruments, preference shares and contingent convertible bonds (CoCo bonds) with fixed and variable interest rates, which may be rated investment grade or below investment grade. Currency exposure will be systematically hedged. Investment in the Fund may be suitable for investors with a medium to long term investment horizon.

Showing fund performance in United Kingdom View performance globally

Performance

Europe High Yield over : 31/05/2016 - 31/05/2017
  • Rank 4/18 Total Return
  • Rank 14/18 Standard Deviation
  • Rank 14/18 Max Drawdown
Fund Name Currency Return
2 Threadneedle European High Yld Bd Inst Gr Acc GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

24.3%

3 M&G European High Yield Bond GBP X Inc GBP

24.2%

4 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

11.8%

5 Invesco Perpetual High Yield Acc GBP

11.3%

6 Henderson HF Euro High Yield Bond Z2 GBP GBP

11.0%

Fund Name Currency Risk
12 Henderson HF Euro High Yield Bond Z2 GBP GBP

4.4

13 Invesco Perpetual High Yield Acc GBP

5.0

14 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

6.2

15 City Financial High Yield Opportunities IA INC GBP

11.0

16 Threadneedle European High Yld Bd Inst Gr Acc GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

11.3

Fund Name Currency Loss
12 Nordea 1 - European High Yield Bond HAI GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.4%

13 Invesco Perpetual High Yield Acc GBP

-1.8%

14 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.4%

15 Threadneedle European High Yld Bd Inst Gr Acc GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.0%

16 M&G European High Yield Bond GBP X Inc GBP

-5.5%

Total Return

Quarterly Performance

to 31/03/2017 Annual Q1 Q2 Q3 Q4
2017 3.3%
2016 7.5% -1.0% 0.9% 4.1% 3.3%
2015 6.3% 4.0% -0.7% 0.2% 2.8%
2014 -7.1% 0.0% 0.0% 0.0% -7.1%
2013 0.8% 0.8% 0.0% 0.0% 0.0%
2012 6.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. France
  2. Germany
  3. Ireland
  4. Italy
  5. Luxembourg
  6. Netherlands
  7. Spain
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date13/09/2012
  • Base currencyGBP
  • ISIN IE00B85LPZ38
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).