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Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Ranked 44 out of 85 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Jason Horowitz

Based in New York, Jason Horowitz is a portfolio manager at Muzinich & Co. He has over 17 years of investment experience. He started his career in equity and credit research at Donaldson, Lufkin & Jenrette, a firm which was merged into Credit Suisse First Boston. Prior to joining Muzinich, Jason worked at high yield researcher CSFB. Jason holds a B.A. in Sociology and Judaic Studies from Yeshiva University, as well as an M.B.A. from the Yale School of Management. Jason holds the Chartered Financial Analyst designation and he is a Member of Investment Committee.

Objective

The Fund seeks to achieve an attractive absolute return with below market volatility over a full market cycle. It invests directly and indirectly through financial derivative instruments in high yield corporate bonds issued primarily, but not exclusively, in the US by US and global issuers, primarily with a credit rating of B3/B- or higher. The strategy stresses absolute returns and risk control through employing measures such as industry and issuer diversification, position limitations, use of shorter-maturity positions, and opportunistic synthetic shorting through the use of financial derivative instruments.

Showing fund performance in Luxembourg View performance globally

Performance

Bond Strategies over : 30/09/2017 - 30/09/2018
  • Rank 44/85 Total Return
  • Rank 12/85 Standard Deviation
  • Rank 32/85 Max Drawdown
Fund Name Currency Return
42 Candriam Long Short Credit C EUR

-0.8%

43 Ostrum Credit Opportunities I/A (EUR) EUR

-0.9%

44 Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.9%

45 Candriam Patrimoine Obli-Inter I EUR

-0.9%

45 Threadneedle Credit Opps Ret Acc EUR EUR

-0.9%

Fund Name Currency Risk
10 KCD-Mikrofinanzfonds - III EUR

0.8

11 DWS Invest Short Duration Credit LC EUR

0.8

12 Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Currency exposure is hedged

Currency exposure is hedged

EUR

0.8

13 JPM Income Opportunity A (perf) Acc EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

0.9

13 LBBW Pro-Fund Absolute Return Rates EUR

0.9

Fund Name Currency Loss
30 M&G Total Return Credit Inv A EUR Acc EUR

-1.4%

31 Legg Mason Brandywine Global Cr Opps A EUR Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.4%

32 Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.5%

33 HOF Hoorneman Phoenix Fund EUR

-1.5%

34 Pictet TR - Kosmos-P EUR EUR

-1.5%

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -0.6% -0.5% 0.4%
2017 0.3% 0.0% 0.2% 0.3% -0.2%
2016 2.4% 1.0% 0.5% 0.7% 0.2%
2015 1.2% 1.8% 0.1% -1.0% 0.2%
2014 -0.7% -0.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

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

Fund Info

  • Launch date30/06/2014
  • Share Class size132Mn
  • Base currencyEUR
  • ISIN IE00BH3WKV28
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0

Charges

  • Annual management1.00%

Related News

Be cautious on duration, warns AAA-rated Horowitz

Muzinich & Co’s Jason Horowitz says the bond market is not in a bubble but caution should be taken on duration.

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