Sycomore Sélection Crédit (Luxembourg)
- SFDR
-
Art.8
- SRI risk profile
-
1
- NAV as of 02.20.2025
- € 102.5
- YTD performance
- +0.83 %
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
- Global
- Market capitalisation size
- Small caps
- SRI labels
- Yes
- ISIN code
- LU1786954955
- Legal form
- FCP
- Inception date
- January 9, 2012
- Investment horizon
- 5 years
- Risk of capital loss
- No
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
