Aegon Asset Management запустил фонд для инвестиций в кредитные инструменты банков

Aegon Asset Management has launched a financial credit strategy investing in capital securities issued by banks and other financial institutions globally. The Aegon Financial Credit Opportunities Fund aims to provide a steady source of income alongside the potential for capital growth, with at least 65% of its portfolio invested in contingent convertible bonds (CoCos). It will hold a concentrated portfolio of around 40 to 100 securities and is expected to have relatively low sensitivity to interest rate risk, according to the asset manager. The strategy will invest in capital securities including subordinated debt issued by financial institutions globally. While these instruments can be relatively complex, Aegon AM said they are typically issued by large, established institutions with strong investment-grade ratings at issuer level. Credit investing in the transition The investment team will use a private approach focused on identifying overlooked opportunities that it believes offer asymmetric return potential. Aegon AM said capital securities can provide diversification relative to corporate credit while contributing to income and total returns. It also highlighted the quality of issuers, which are subject to ongoing regulatory oversight and scrutiny, and the securities’ relatively low sensitivity to interest rate movements. The firm said that while capital securities usually account for a small portion of traditional bond portfolios, their characteristics mean they can be considered a standalone asset class.