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The Threadneedle (Lux) European Short-Term High Yield Bond Fund is a total return bond strategy that follows a ‘buy and hold’ approach to exploit opportunities in short maturity European high yield corporates.
Reasons to invest
Attractive risk-adjusted return profile
Managed to short final maturity, rather than duration
Trusted investment team
Fund at a glance
Active, bottom-up, total return approach
✔ Aims to deliver income
✔ Focus on issuer and security selection – less sensitive macro influences
✔ Not managed to benchmark
Conservative risk profile
✔ Lower volatility than European High Yield Market
✔ Managed to final maturity, rather than duration, limiting drawdown and interest rate sensitivity
✔ 80% portfolio in securities with maturity ≤ 4yr, expected duration < 2yr
Experienced team, established proces
✔ Mirrors proven investment philosophy and process of Threadneedle European High Yield Strategy
✔ Delivering our strong High Yield capabilities in a short maturity format
Why take a short-maturity approach?
In Credit - Weekly Snapshot - July 2020
Roman Gaiser is the Head of Portfolio Management, High Yield, EMEA having re-joined Columbia Threadneedle Investments in 2018. Based in London, Roman is responsible for the performance of Columbia Threadneedle’s European high yield portfolios.
He has over 20 years of experience in European corporate credit and more than 18 years of experience in running European high yield portfolios. Roman has worked for the company before as a high yield portfolio manager between 2005 and 2011. Since 2011, he was Head of High Yield at Pictet Asset Management, in charge of its European high yield and European short-term high yield bond strategies. Previously, he has worked as a portfolio manager at F&C in London and as an analyst for Bankgesellschaft in Berlin.
Roman holds a post-graduate degree from Dauphine University of Paris, a Diploma in Economics from the University of Hamburg (HWP) and a diploma in business management from EDC, Paris. He also holds the Certified European Financial Analyst diploma.
Gareth Simmons joined the company in 2011 and is currently a portfolio manager and investment analyst in the European High Yield Bond Team. His portfolio management responsibilities include the management of an enhanced ESG (Environmental, Social & Governance) high yield strategy. As a senior investment analyst he also has specific responsibility for the telecom, media and technology (TMT) sectors.
Prior to joining the company, Gareth was a sell-side TMT credit analyst at Morgan Stanley.
Gareth has a BSc (Hons) in Natural Sciences from the University of Durham and he also holds the Investment Management Certificate.
Interest rate risk
Investment in derivatives
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