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Hermes Global High Yield Bond Z GBP Acc

Ranked 37 out of 39 in - Global High Yield over 12 months
All calculations are in GBP

Managed by

Fraser Lundie

Fraser Lundie is the co-Head of Credit at Hermes Investment Management where he has worked since 2009. Prior to joining Hermes, Lundie worked at Fortis Investments for five years, where he was a portfolio manager. Born in Glasgow but now based in London, Lundie runs the Hermes Global High Yield Bond Fund and he has not changed his investment strategy since he first started running the fund. Lundie is a Chartered Financial Analyst, as well as being a member of the AIMR.

Objective

The investment objective of the Fund is to generate a high level of income. The sub-fund will seek to achieve its objective by investing primarily in a diversified portfolio of high yield bonds. The sub-fund may also use credit default swaps extensively.

Performance

Global High Yield over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 1.9% 3.2% 0.5% -1.9%
2013 12.4% 7.1% 1.3% 0.6% 3.0%
2012 15.0% 7.0% -2.4% 3.6% 6.3%
2011 -1.9% 7.2% 3.3% -14.3% 3.5%
2010 15.2% -2.2% 14.1% 3.3%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Belgium
  2. Denmark
  3. France
  4. Germany
  5. Ireland
  6. Luxembourg
  7. Netherlands
  8. Norway
  9. Switzerland
  10. United Kingdom

Fund Info

  • Launch date11/05/2010
  • Share Class size144Mn
  • Base currencyGBP
  • ISIN IE00B4VS0775

Purchase Info

  • Min. initial investment0
  • Min. additional investment0

Charges

  • Annual management0.0%
  • Initial investment0

Related News

Hermes launches multi strategy credit fund for A-rated Lundie

The firm said the fund would target an annualised return of 7% by combining high conviction long-only investments with a range of defensive market neutral trades.

‘Vested interests’ are deluding high-yield investors, Hermes warns

Citywire A-rated Fraser Lundie, co-head of credit at Hermes Fund Managers, has argued that traditional approaches to high-yield bonds are outmoded and risk inflicting losses.

High yield liquidity crunch: welcome to stage two

The recent downward rerating in corporate bonds has restored value to the market, but the sector remains at risk of a fund liquidity crunch.

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