The page you are looking for is not available to your investor type, region or IP address.

 

Please click below to check that your user profile is correctly set.

 

Check my profile 

2019-06-14_24_global-ABS-2019-issuers-out-in-force_teaser.jpg
TwentyFour Blog

Global ABS 2019: Issuers Out in Force

This week Asset-Backed Securities (ABS) market participants from across the globe gathered for the 23rd annual three-day Global ABS conference in Barcelona. And this year it proved more popular than ever with over 4,000 attendees (a post-crisis record) made up of issuers, arrangers, service providers, traders, analysts, market regulators, the industry press, and of course investors like ourselves. In particular, we felt the number of issuers represented was noticeably higher than we have seen in recent years.
Read more

A fund that invests across the full range of investment grade European ABS.

Vontobel Fund - TwentyFour Asset Backed Securities uses the natural advantages of the asset class and a vastly experienced team to target stable, attractive returns.

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, meaning they are naturally expected to be far less volatile than fixed rate bonds in periods when interest rates are rising.
  • Built-in investor protection features such as credit enhancement, loss-absorbing reserve funds and the legal separation of issuer and asset pool.
  • High transparency with transaction reports detailed enough to view the performance of each individual loan in the asset pool, enabling investors to conduct their own research.
  • ABS remains a largely under-researched and poorly understood asset class, meaning those that put in the effort and expertise can be rewarded with a complexity premium.

 

Investment Team

A short-term bond fund that targets strong risk-adjusted returns within fixed income while keeping a modest level of volatility.

The Vontobel Fund - TwentyFour Absolute Return Credit Fund (ARC) is an actively managed short-term bond fund that aims to deliver steady returns in any market environment. With strict risk parameters and a focus on short dated investment grade bonds, ARC aims to capture nearly all the returns of higher risk strategies but with a fraction of the drawdowns expected in tougher market conditions.

Investment objective

The Fund aims to achieve a positive absolute return in any market environment over a period of three years while keeping a modest level of volatility.

Why invest?

  • A minimum of two-thirds of the fund is invested in 0-5yr investment grade bonds, which we consider the best source of risk-adjusted returns within fixed income.
  • Smaller, high conviction allocations to high yield bonds and asset-backed securities (ABS) .
  • A strong emphasis on stock selection seeking to generate alpha and further manage risks. All bond positions must pass a rigorous screening process to show they have good return potential with low expected volatility.
  • The fund is long-only and deploys zero leverage or shorting.

 

Investment Team

Subscribe to