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MainFirst –
Emerging Markets Credit Opportunities Fund

MainFirst Emerging Markets Credit Opportunities Fund is a corporate bond fund that invests primarily in emerging and frontier markets. It pursues a high-yield strategy with a high-conviction, active investment approach and rigorous risk management. The fund aims to systematically outperform the benchmark index and generate long-term capital growth and substantial returns in the process.

Learn more

MainFirst –
Emerging Markets Credit Opportunities Fund

MainFirst Emerging Markets Credit Opportunities Fund is a corporate bond fund that invests primarily in emerging and frontier markets. It pursues a high-yield strategy with a high-conviction, active investment approach and rigorous risk management. The fund aims to systematically outperform the benchmark index and generate long-term capital growth and substantial returns in the process.

Learn more

MainFirst – Emerging Markets Credit Opportunities Fund

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More about the fund

MainFirst Emerging Markets Credit Opportunities Fund focuses on emerging and frontier markets. It invests in high-yield corporate bonds and debt securities issued by government authorities, central and regional banks. The selected hard currency investments mainly include bonds, including zero-coupon bonds, short-term debt securities and similar debt instruments. Stock selection is based on bottom-up analyses. This also includes second-tier companies that are established in niche markets but are undervalued.

The portfolio managers responsible for MainFirst Emerging Markets Credit Opportunities Fund pursue a high-yield strategy and apply a fundamental, active investment approach. All positions are hedged as part of a rigorous risk management process, which also includes defining a stop-loss and a profit target. In addition, the fund managers perform a five-step analysis of the emerging market companies that involves comparing credit ratings as part of the contrarian investment approach. The comparison is performed at country, sector and company levels, among others. This ensures that opportunities and risks can be weighed up against each other in detail and exploited in the best possible way. MainFirst Emerging Markets Credit Opportunities Fund aims to systematically outperform the benchmark index and achieve long-term capital growth and thus generate substantial returns.

The fund management team consists of  Thomas RutzDorothea FröhlichTanja Kusterer and Dimitrios Nteventzis.

UNPRI

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

SECTOR EXCLUSIONs (PRODUcT ENGAGEMENT)

In addition, the fund management team wants to make the world a better place by actively investing sustainably. Therefore, we strengthen the sustainability approach of the MainFirst Emerging Markets Credit Opportunities Fund by excluding other sectors:

 

Energy & Environment:

  • Thermal Coal

 

Value-based sectors:

    • Tobacco

 

Defence & Military

    • Armaments

 

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 Credit Opportunities Fund are also checked for existing ESG risks using the database of the external rating agency Sustainalytics. This is primarily a qualitative process.

GLOBAL STANDARDS

The exclusion of companies that do not meet the criteria of human rights, labour rights, environment or anti-corruption according to the Global Standards of the UN Global Compact is also a basic requirement of the investment.

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.