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MainFirst –
Emerging Markets Corporate Bond Fund Balanced

MainFirst Emerging Markets Corporate Bond Fund Balanced is a corporate bond fund that focuses on undervalued emerging market companies offering the potential for substantial returns after performing an extensive credit rating review (top-down and bottom-up analyses). The risk-return profile of all positions promises attractive returns, especially in a low interest rate environment. The aim is to achieve long-term capital growth based on a similar level of overall risk and to consistently outperform the benchmark index.

Learn more

MainFirst –
Emerging Markets Corporate Bond Fund Balanced

MainFirst Emerging Markets Corporate Bond Fund Balanced is a corporate bond fund that focuses on undervalued emerging market companies offering the potential for substantial returns after performing an extensive credit rating review (top-down and bottom-up analyses). The risk-return profile of all positions promises attractive returns, especially in a low interest rate environment. The aim is to achieve long-term capital growth based on a similar level of overall risk and to consistently outperform the benchmark index.

Learn more
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MainFirst – Emerging Markets Corporate Bond Fund Balanced

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More about the fund

MainFirst Emerging Markets Corporate Bond Fund Balanced invests in high yield hard currency corporate bonds from emerging markets. Second-tier companies that are established in niche markets but are undervalued are also included in the bottom-up stock picking process. Commodities and energy are particularly attractive sectors for emerging market corporate bonds thanks to their significant earnings potential.

The investment strategy pursued by the fund managers is geared towards a balanced risk-return profile. This is why the fund team performs in-depth top-down and bottom-up analyses as part of the stock-selection process. This involves checking credit ratings, working out yield spreads and evaluating companies. All positions are also hedged as part of a rigorous risk management process. The combination of bonds from the commodities sector, lucrative second-tier stocks and high-yield bonds translates into attractive returns even in periods of low interest rates. This is also the result of contrarian investing. The combination of long-term management and short-term gains generated thanks to relative value investments in frontier markets allows the fund to consistently outperform the benchmark index – with a similar overall risk – and to achieve steady capital growth.

The fund management team consists of Thomas Rutz, Dorothea Fröhlich, Tanja Kusterer and Dimitrios Nteventzis.

UNPRI

MainFirst is committed to the Principles for Responsible Investment (UNPRI) for all investments.

ESG risk analysis
For us, sustainable investing means incorporating ESG risks as a key aspect of the investment process into our investment decisions. During this process, the companies in the MainFirst Emerging Markets Corporate Bond Fund Balanced are also checked for existing ESG risks using the database of the external rating agency Sustainalytics. This is primarily a qualitative process.

MORNINGSTAR SUSTAINABILITY RATING

The Morningstar Sustainability Rating is a measure of how well the companies in the portfolio manage their ESG risk relative to the other funds in the global fund category.

Emerging Markets/ Corporate Debt team

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