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T Rowe European High Yield Bond Ax EUR

Ranked 31 out of 33 in - Europe High Yield over 3 months
All calculations are in EUR unless stated

Managed by

Michael Della Vedova

Michael Della Vedova joined T Rowe Price in 2009 where he is portfolio manager of the T Rowe Price European High Yield Bond Fund using a fundamental investment style. Prior to joining the company, he was co-founder and partner of Four Quarter Capital. He earned bachelor of law and commerce degrees at the University of New South Wales and holds a postgraduate diploma in legal practice from the University of Technology in Sydney. He is based in London and his interests outside of fund management include rugby, football, cricket and music.

Objective

The sub-fund invests at least two-thirds of total assets in debt securities that are rated below BBB- by Standard & Poors or have an equivalent rating (or, if unrated, are of equivalent quality), and are issued by companies and denominated in euro or another European currency. Portfolio debt securities can include fixed and floating rate bonds as well as preferred stocks, convertible bonds and other transferable debt securities of any type. The fund does not invest more than 10% of assets in equities and equity-related securities, 25% of assets in convertible bonds, and one third of assets in money market securities.

Showing fund performance in Luxembourg View performance globally

Performance

Europe High Yield over : 31/10/2017 - 31/01/2018
  • Rank 31/33 Total Return
  • Rank 33/33 Standard Deviation
  • Rank 33/33 Max Drawdown
Fund Name Currency Return
29 Edmond de Rothschild Fund- Euro HY A EUR EUR

-0.6%

30 Oaktree (Lux) Fds-Oaktree European Hi Yld Bond IB EUR

-0.7%

31 T Rowe European High Yield Bond Ax EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.7%

32 UBAM Euro High Yield Solution AC EUR EUR

-0.8%

33 Eurizon Fund Bond High Yield I

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.8%

Fund Name Currency Loss
30 UBAM Euro High Yield Solution AC EUR EUR

-0.8%

31 Eurizon Fund Bond High Yield I

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.8%

32 UBI SICAV Euro High Yield I Cap EUR

-0.9%

33 T Rowe European High Yield Bond Ax EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.2%

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 -0.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Belgium
  2. Denmark
  3. Estonia
  4. Finland
  5. France
  6. Germany
  7. Guernsey
  8. Iceland
  9. Ireland
  10. Italy
  11. Jersey
  12. Latvia
  13. Lithuania
  14. Luxembourg
  15. Netherlands
  16. Norway
  17. Portugal
  18. Singapore
  19. Spain
  20. Sweden
  21. Switzerland
  22. United Kingdom

Fund Info

  • Launch date24/08/2017
  • Share Class size00Mn
  • Base currencyEUR
  • ISIN LU1670771028
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment15,000
  • Min. regular additional investment0

Charges

  • Annual management1.15%

Related News

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Blended approach has value despite active bias, says asset allocator.

Investors are embedding risk, says AAA-rated HY star

VIDEO: Mike Della Vedova thinks investors are not taking the lack of liquidity of the bond market into account.

AAA-rated HY manager: don’t rush into beaten-up energy bets

T Rowe’s Michael Della Vedova is underweight the sector despite investor interest ramping up in recent weeks.

Beware of ‘fallen angels’, warns AAA-rated bond manager

European high yield bonds specialist Michael Della Vedova explains why he is steering clear of sectors boasting former IG names.

Europe’s M&A wave won’t create 2008 re-run, says HY specialist

Citywire AA-rated Michael Della Vedova says companies are in much better shape to properly take advantage of cheap debt dynamics.

T Rowe HY veteran: why I'm cautious on first time issuers

Bond specialist Michael Della Vedova is looking to the secondary market for 'tried and tested' bets as primary plays prove troublesome.

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