Sycomore Sélection Crédit




- SFDR
-
Art.81
-
Sustainable Inv. Exposure
-
min. 50%
- SRI risk profile
-
2
- NAV as of 09.28.2023
- € 125.62
- YTD performance
- +4.1 %

Sycomore Sélection Crédit invests in bonds issued by European SRI companies with no rating (Investment Grade, High Yield and Not Rated) or capitalisation size constraints. Bond eligibility is decided through proprietary ESG analysis of the investment universe. The fund focuses on non-financial companies. Financial companies cannot exceed 10%.
- Asset class
- Bonds
- Region
- Europe / Eurozone
- Market capitalisation size
- All caps
- SRI labels
- Yes
- ISIN code
- FR0011288489
- Legal form
- French law FCP
- Inception date
- August 31, 2012
- Benchmark
- Euro Aggreggate Corporate Excl Financials
- Investment horizon
- 5 years
- Risk of capital loss
- Yes
Track record

The fund posted strong returns as yields and credit spreads continued to ease. Lower-than-expected inflation readings in the United States were a catalyst for this move, allowing the market to foresee a potential slowdown in the Fed’s monetary tightening cycle. The quarterly earnings reported by investee companies reassured investors on their resilience given the current economic environment. The primary market was rather more active in November with some attractive issuances, including Faurecia which offered a coupon above 7% for a bond maturing in 2026. We continued to invest by focusing on the BBB segment, which is once more displaying attractive yields, thereby trimming our cash reserves. Having reduced the fund’s modified duration in recent months, the level has since stabilised as the outlook for interest rates has already factored in many monetary policy adjustments.
Stanislas de Bailliencourt

Emmanuel de Sinety

Tony Lebon

Ariane Hivert
Performance as of 09.28.2023
Characteristics
Classification
- Capitalisation
- Capitalisation
- Fund currency
- Euro
- UCITS V
- Yes
- PEA Eligibility
- No
Subscriptions & redemptions
- Trades
- Daily
- NAV frequency
- Daily
- Centralising agent
- BNPP Securities Services
- Settlement
- T+3
Management fees
- Fixed fees
- 0.6%
- Performance fees
- 10% above benchmark
- Subscription fees
- 7% maximum
- Redemption fees
- nil
- Transaction fees
- nil