SCOR FUNDS - Europe High Yield

Management philosophy

SCOR FUNDS Europe High Yield invests in Euro-denominated high yield bonds. The fund’s investment objective is to achieve a performance greater or equal to the “Bloomberg Pan Europe High Yield 2.5% issuer constrained ex Financial” index, less any fees or expenses to be borne by the fund, throughout the recommended investment period.
 
Key points:
• the investment process aims to build a highly diversified portfolio
• fundamental issuer analysis is at the heart of the investment process
• an investment universe comprising securities denominated in EUR, GBP, CHF and other European currencies
• no investments in bonds issued by financial institutions neither in credit derivatives  

 

Net Asset Value

Share NAV Value Date Fund size
1045.93 
EUR 168 M

Performance as at 30/11/2022

YTD 1 month 3 months 1 year 3 years 2021 Since inception
-9.45% 4.05% 1.66% -8.54% -0.98% 3.17% 4.25%

Fund managers comments

"The Euro High Yield market posted a positive performance of +2.42% in October. The average OAS tightened by 58 bps to 545 bps, representing excess return of +2.70%. Market volatility remained high throughout the month. Inflation continued to pick up speed in the euro zone, rising to +10.7%, and continued to spread to the prices of goods and services, as illustrated in this season’s third quarter results, which have been better than anticipated."

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 SICAV under the directive 2009/65/EC (UCITS)
ISIN code LU1497740842 (IC EUR)
Bloomberg code SCEICEC LX Equity
Depositary BNP Paribas Securities Services, Luxembourg
Creation date July 24, 2017
Currency EUR
Benchmark Bloomberg Pan Europe HY 2.5% Iss Constr x Fin TR Index Hedged EUR
Recommended investment horizon Minimum 3 years
Compliance with European standards Yes
Management fees 0.50% Max p.a (based on net assets without SCOR Ucits)
Subscriptions / Redemption fees Maximum 3.00% / 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.