SCOR FUNDS - ESG Euro Short Term Duration High Yield

Management philosophy

SCOR FUNDS - ESG Euro Short Term Duration High Yield invests in the European high yield bond market. The Fund's objective is to achieve an absolute and positive performance over the recommended investment period by investing in fixed and floating coupon bonds and in debt securities classified as speculative with an anticipated maturity less than three years.
 
Key points:
• an investment universe comprising only securities denominated in EUR 
• an investment universe comprising only companies from OECD member countries
• fundamental issuer analysis is at the heart of the investment process 

 

Net Asset Value

Share NAV Value Date Fund size
1050.15 
EUR 53 M

Performance as at 28/02/2023

YTD 1 month 3 months 1 year 3 years 2022 Since inception
1.54% 0.24% 1.49% 0.93% 5.88% -1.82% 4.87%

Fund managers comments

"The Euro High Yield market posted a positive performance of 3.15% in January. The average OAS tightened by 54 bps to 418 bps, representing excess return of 2.36%. Spreads began tightening in October and continued to do so vigorously in January, boosting the performance of the euro high yield market to +9.30% since its October low. Some economists have revised their euro-zone growth forecasts up for 2023. Encouraged principally by lower energy prices but also by the reopening of the Chinese economy, they appear to believe a recession is no longer in store. In addition, the market remains firm in its anticipation that the ECB will ease its monetary policy in the medium-term."

Past performance is not an indication of future performance. Performances may vary over time. 

The risks and fees linked to this UCITS are set out in the Key Investor Information Document (KIID) and in the prospectus, both of which are available on this website. SCOR Investment Partners invites investors to consult these documents. In accordance with article 314-76 of the general regulations of the Autorité des Marchés Financiers, the client may receive, on request, details of the remunerations relating to the marketing of this product.

Our management team

Alexandre Stoessel
Jennifer Goeytes

Associated publications

Sales contact

Tel. :+ 33 1 58 44 70 00
Email : scorip.sales@scor.com

Fund characteristics

Legal form Sub-Fund of a Luxembourg-based SICAV under the directive 2009/65/EC (UCITS)
ISIN code LU1497739240 (IC EUR)
Bloomberg code SCOSTHY LX Equity (Part IC EUR)
Depositary BNP Paribas Securities Services, Luxembourg
Creation date July 20, 2017
Currency EUR
Benchmark N/A
Recommended investment horizon Minimum 3 years
Compliance with European standards Yes
Management fees 0.40% max p.a
Subscriptions / Redemption fees None

Risk and performance profile

Risk low

-

Efficiency potentially lower

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Risk high

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Efficiency potentially higher

Past performance is not an indication of future performance. Performances may vary over time. 

The risks and fees linked to this UCITS are set out in the Key Investor Information Document (KIID) and in the prospectus, both of which are available on this website. SCOR Investment Partners invites investors to consult these documents. In accordance with article 314-76 of the general regulations of the Autorité des Marchés Financiers, the client may receive, on request, details of the remunerations relating to the marketing of this product.