La Compagnie Financière Edmond de Rothschild has been active on the fixed income market for over 30 years. In the early 1980s, the group pioneered a new reference fund on this market, EdR Capital. But it was in 1996, at a time when the European corporate bond market became increasingly active and liquid, that we built up our expertise and renown as a credit specialist, with the launch of EdR Signatures Euro Investment Grade strategy, then followed by the EdR Signatures Euro High Yield strategy – one of the first French funds dedicated to Euro-denominated High Yield bonds.
Looking beyond ratings to issuer quality
The objective of our fixed income investment approach is to optimise the risk-return combination, whatever the market conditions and the universe concerned. As high-conviction managers, our strategies encompass a very wide range of issuers. Our fund manager/analysts’ experience and bond picking skills enable us to identify the smallest market inefficiencies and make informed, risk-aware investment decisions.
Privileged access to the primary market
The Fixed Income and Credit investment team has built up close working relationships with the largest European originators. Through these strong partnerships with our counterparties, our team enjoys direct access to the primary market.
The investment process, designed to bring added value
Our investment process combines a top-down approach (the analysis of directional market forces) and a bottom up, bond picking approach, involving the thorough analysis of corporate fundamentals. This analysis feeds an internal and proprietary rating system which summarises our insights on the risk-return prospects for each issuer. By leveraging on this continuous monitoring of the universe, our teams can make active and informed investment decisions, identify the best entry points and limit the impact of market downturns. The management and control of risk is central to the construction and monitoring process of our fixed income portfolios. Carried out by independent teams, risk control is a key component at each stage of the investment process.
Active across all fixed income and credit markets:
- Money markets
- Government bonds
- Crédit : Investment Grade, High Yield
- Credit: Investment Grade, High Yield
- Emerging Debt