SCOR Sustainable Euro High Yield

Management philosophy

SCOR Sustainable Euro High Yield is a French FCP invested in Euro denominated high yield bonds. The fund’s investment objective is to achieve a performance greater or equal to the “Bloomberg Euro High Yield 3% Issuer Constraint ex financial TR unhedged” index, less management costs with net coupons reinvested, over the recommended investment period, while integrating Environmental, Social and Governance (ESG) criteria.

SCOR Sustainable Euro High Yield, classified as Article 8 under SFDR, has been awarded the LuxFLAG ESG label, certifying that the fund incorporates ESG criteria throughout its entire investment process.

Key points:

  • a diversified portfolio that promotes the generation of cash flows
  • investments in Euro denominated securities only
  • no investments in bonds issued by financial institutions, nor investments in credit derivatives
  • at least 90% of assets in the portfolio benefit from an innovative non-financial rating methodology
  • the fund does not possess any ISR label

 

 

 

Net Asset Value

Share NAV Value Date Fund size
1861 
EUR 637 M

Performance as at 28/02/2023

YTD 1 month 3 months 1 year 3 years 2022 Since inception
2.47% -0.23% 1.79% -3.35% 2.65% -9.57% 86.44%

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 French mutual fund (FCP)
ISIN code FR0010853556 (C EUR share)
FR0011341171 (C CHF hedged share)
FR0011929728 (C USD hedged share)
Bloomberg code SCOEUHY FP Equity (C EUR)
SCOEUHC FP Equity (C CHF Hedged)
SCOEUHU FP Equity (C USD Hedged)
Depositary BNP Paribas Securities Services S.C.A.
Creation date April 14, 2010
Currency EUR
Benchmark Bloomberg Euro High Yield 3% Issuer Constraint index ex Financial TR Unhedged
Recommended investment horizon Minimum 3 years
Compliance with European standards Yes
Management fees 0.50% Max (inc VAT) (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.