A fund that invests across the full range of investment grade European asset-backed securities (ABS).

Monument Bond Fund uses the natural advantages of the ABS asset class and a vastly experienced team to target stable, attractive returns with a strong focus on capital preservation.

Investment objective

The Fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation.

Why invest?

• ABS normally offers a higher yield for a given rating or maturity than more mainstream investments such as government or corporate bonds.
• ABS are virtually all floating rate, making them less sensitive to interest rate changes than fixed rate bonds.
• Features such as credit enhancement, loss-absorbing reserve funds, and the legal separation of issuer and asset pool are built-in protections for ABS investors.
• Transactions are highly transparent with detailed reports showing the performance of each loan in the asset pool, enabling investors to conduct their own research.
• ABS remains a poorly understood asset class, meaning those that put in the effort and expertise can be rewarded with a complexity premium.
   

Investment Team