Income is back - leaf

 

Income is back

Why now for ABS: healthy consumers and attractive income

A resilient consumer is key for any well-functioning market, but it is particularly important for asset-backed securities (ABS), and currently consumers are proving remarkably strong. The ABS market can sometimes look like a confusing alphabet soup of acronyms, but we believe the benefits right now are clear.

 

 

Funds in focus

4 funds available
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Monument Bond Fund
View 9 share classes
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Asset Backed Securities
Share class Currency ISIN Valor NAV YTD As at
A acc (Net) GBP GB00B3VH8W86 16.26 3.55% 27 Aug 2025
I Acc (Gross) GBP GB00B4XMPS34 178.84 3.86% 27 Aug 2025
I Acc (Net) GBP GB00B3V5V897 172.42 3.85% 27 Aug 2025
I Inc (Gross) GBP GB00B4XCQT18 115.52 3.89% 27 Aug 2025
I Inc (Net) GBP GB00B3XVTT21 115.47 3.86% 27 Aug 2025
L Acc (Gross) GBP GB00BDD9NJ41 1.34 4.02% 27 Aug 2025
L Acc (Net) GBP GB00BDD9NG10 1.42 4.02% 27 Aug 2025
L Inc (Gross) GBP GB00BDD9NH27 1.07 4.02% 27 Aug 2025
L Inc (Net) GBP GB00BDD9NF03 1.10 4.03% 27 Aug 2025
Vontobel Fund - TwentyFour Absolute Return Credit Fund
View 19 share classes
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Investment Grade
Share class Currency ISIN Valor NAV YTD As at
AHN (hedged) EUR LU1683487620 38261757 81.82 2.49% 28 Aug 2025
AHN (hedged) CHF LU1734078154 39471995 77.01 0.98% 28 Aug 2025
AI GBP LU1267852249 29030549 90.08 3.98% 28 Aug 2025
AQG GBP LU1530788402 34854330 100.58 4.10% 28 Aug 2025
AQHG (hedged) USD LU1767065979 40241908 102.66 4.14% 28 Aug 2025
AQHG (hedged) EUR LU1530788238 34854291 88.16 2.56% 28 Aug 2025
AQHN (hedged) EUR LU1331789450 30670277 91.46 2.47% 28 Aug 2025
AQHNG (hedged) USD LU1410502493 32553207 104.86 4.10% 28 Aug 2025
AQN GBP LU1331789377 30670273 106.53 3.96% 28 Aug 2025
AQNG GBP LU1368730674 31599783 100.70 4.07% 28 Aug 2025
G GBP LU1273680238 29168014 132.73 4.09% 28 Aug 2025
HG (hedged) CHF LU2419361550 115247246 98.12 1.08% 28 Aug 2025
HG (hedged) EUR LU1925065655 45492332 110.04 2.61% 28 Aug 2025
HI (hedged) CHF LU1599320444 36446926 100.09 1.02% 28 Aug 2025
HN (hedged) CHF LU2270707495 58756780 96.73 0.98% 28 Aug 2025
HN (hedged) USD LU1767066357 40236072 123.09 3.93% 28 Aug 2025
HN (hedged) EUR LU1734078238 39472001 106.04 2.48% 28 Aug 2025
I GBP LU1267852082 29030420 131.03 3.99% 28 Aug 2025
N GBP LU1267852595 29030838 130.50 3.96% 28 Aug 2025
Vontobel Fund - TwentyFour Strategic Income Fund
View 29 share classes
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Flexible Bonds
Share class Currency ISIN Valor NAV YTD As at
AH (hedged) USD LU1380459609 31903318 108.44 4.49% 28 Aug 2025
AH (hedged) EUR LU1380459518 31903287 91.26 3.06% 28 Aug 2025
AHN (hedged) CHF LU1683482407 38291774 80.26 1.92% 28 Aug 2025
AHN (hedged) EUR LU1734078311 39472004 84.74 3.46% 28 Aug 2025
AQ GBP LU1695534591 38576552 93.68 4.45% 28 Aug 2025
AQG GBP LU1322872018 30446345 96.84 5.00% 28 Aug 2025
AQH (hedged) Gross USD LU1695534674 38576554 89.35 4.41% 28 Aug 2025
AQH (hedged) Gross EUR LU1695534757 38576557 78.05 2.98% 28 Aug 2025
AQHG (hedged) EUR LU1816229899 41604558 87.26 3.54% 28 Aug 2025
AQHG (hedged) USD LU1816230046 41604564 100.02 5.04% 28 Aug 2025
AQHI (hedged) USD LU1331792082 30671527 105.83 4.90% 28 Aug 2025
AQHN (hedged) EUR LU1325135033 30514904 86.04 3.42% 28 Aug 2025
AQHNG (hedged) EUR LU1325134226 30514898 86.14 3.49% 28 Aug 2025
AQHNG (hedged) USD LU1451580523 33337877 105.21 5.01% 28 Aug 2025
AQN GBP LU1322871630 30445597 97.06 4.87% 28 Aug 2025
AQNG GBP LU1695534328 38576548 94.02 4.97% 28 Aug 2025
G GBP LU1322871713 30445634 147.74 5.00% 28 Aug 2025
H (hedged) EUR LU1551754515 35380297 117.13 3.01% 28 Aug 2025
H (hedged) USD LU1695535135 38576584 130.45 4.46% 28 Aug 2025
HG (hedged) EUR LU1717117623 39078855 118.23 3.60% 28 Aug 2025
HG (hedged) USD LU1717117896 39078859 137.99 5.05% 28 Aug 2025
HI (hedged) EUR LU1325141510 30515149 129.11 3.48% 28 Aug 2025
HI (hedged) USD LU1325144027 30517180 155.17 4.89% 28 Aug 2025
HN (hedged) USD LU1767066431 40236077 134.49 4.91% 28 Aug 2025
HNG (hedged) EUR LU1325133921 30514756 130.74 3.57% 28 Aug 2025
HNG (hedged) USD LU1695535051 38576583 138.42 5.01% 28 Aug 2025
I GBP LU1322871390 30445160 145.45 4.90% 28 Aug 2025
N GBP LU1322871556 30445263 144.96 4.87% 28 Aug 2025
NG GBP LU1322871986 30446217 147.12 4.97% 28 Aug 2025
Investment Grade
Share class Currency ISIN Valor NAV YTD As at
AHI (hedged) EUR LU2081486727 51133685 87.14 2.47% 28 Aug 2025
AHI (hedged) CHF LU2210410036 56212872 87.76 0.93% 28 Aug 2025
AHI (hedged) USD LU2210409616 56212864 102.10 3.88% 28 Aug 2025
AN GBP LU2386632371 113621592 99.12 3.90% 28 Aug 2025
AQG GBP LU2081485596 51132454 95.88 4.02% 28 Aug 2025
AQHNG (hedged) EUR LU2081486487 51132510 91.76 2.51% 28 Aug 2025
AQHNG (hedged) USD LU2403268092 114481675 98.45 4.02% 28 Aug 2025
AQI GBP LU2081485919 51151249 97.83 3.93% 28 Aug 2025
AQN GBP LU2081486057 51151278 99.76 3.90% 28 Aug 2025
AQNG GBP LU2081485679 51132474 95.23 4.00% 28 Aug 2025
G GBP LU2081485240 51132430 114.31 4.03% 28 Aug 2025
HI (hedged) EUR LU2081486560 51132543 104.78 2.40% 28 Aug 2025
HI (hedged) USD LU2081487709 51155828 114.25 3.96% 28 Aug 2025
HI (hedged) CHF LU2210409962 56212870 98.41 0.90% 28 Aug 2025
HNG (hedged) EUR LU2081486214 51132436 104.56 2.54% 28 Aug 2025
HNG (hedged) USD LU2386631993 113621000 112.34 4.05% 28 Aug 2025
N GBP LU2081485836 51151238 111.57 3.89% 28 Aug 2025
NG GBP LU2081485323 51132452 114.02 3.99% 28 Aug 2025

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Important Information

This page and the content contained therein is for professional investors only. 

The views expressed represent the opinions of TwentyFour as at February 2024, they may change and may also not be shared by other entities within the Vontobel Group. TwentyFour, its affiliates and the individuals associated therewith may (in various capacities) have positions or deal in securities (or related derivatives) identical or similar to those described herein. 

Past performance is not a reliable indicator of current or future performance and an investment can go down as well as up meaning capital is at risk. Any projections, forecasts or estimates contained herein are based on a variety of estimates and assumptions. There can be no assurance that estimates or assumptions regarding future financial performance of countries, markets and/or investments will prove accurate, and actual results may differ materially. The inclusion of projections or forecasts should not be regarded as an indication that TwentyFour or Vontobel considers the projections or forecasts to be reliable predictors of future events, and they should not be relied upon as such.

For Professional Clients only. This is a financial promotion and is not investment advice. Any views and opinions are those of the investment manager, unless otherwise noted. This is not investment research or a research recommendation for regulatory purposes.