Lemanik Selected Bond

Investment Approach

• Total return approach, with dynamic risk management
• Credit spreads as the main source of performance
• Low duration compared to benchmark indices, with portfolio optimization to maintain high call probabilities
• Generation of alpha from regulatory complexities and analysis of technical characteristics of individual issues
• Preservation of capital and quality, investing in national champions, without neglecting niche opportunities
•  Portfolio risk intensity is defined through investment selection integrating both top-down and bottom-up analysis.

Why Invest

Attractive carry and issuer quality superior to other high beta sub-funds. Structural reduction in sector risk and business model efficiencies underway for a decade, with unprecedented levels of capital strength. Potential catalysts on the horizon.

Did you know?

• The broad investment universe allows for more efficient selection of individual issues and evaluation of a broader spectrum of opportunities, as has been the case with LegacyT1 securities over the past two years. The uncertain timing on calls is a source of opportunity, with generous risk premiums.