Espiria launches a new Nordic corporate bond fund providing investors access to the pan-Nordic bond market together with the advantages of an expert local team. “At a time of rising interest rates and uncertainty in equity markets, we believe this new fund can help investors lower their portfolios’ overall risk profile while adding diversification and the potential for good returns,” says Stefan Pari, Portfolio Manager at Espiria.
Compared to the current volatility of many stock markets, Nordic corporate bonds offer attractive spreads in environments where country risks are low. The Nordics provide low country risk, as all three of the main Nordic economies have received the highest rating from the three major rating agencies: S&P, Moody’s and Fitch. The region also boasts a robust and supportive banking sector, adding another layer of security for companies operating in the Nordics.
With the Espiria team’s market experience and truly local presence and the ability to identify opportunities at an early stage.
“We have a large international client base that has actively been looking for an opportunity to access the Nordic markets. We believe this new fund provides a spot-on opening that will attract a lot of these international investors”, says Nikodemus Dahlgren, Head of Investor Relations at East Capital Group.
The launch of the Nordic Corporate Bond fund represents yet another step towards realising Espiria’s ambition to be a leader in investment strategies that combine global equity and Nordic fixed-income investments. Espiria’s Nordic Corporate Bond fund relies on proprietary unbiased research with an integrated ESG approach to help find unique investment opportunities.
“The quality and sustainability of each investment is assessed using a model that we developed ourselves and that we call the Espiria Quality & Sustainability Score (EQSS). The framework covers a range of sustainability indicators to measure the environmental and social characteristics promoted by the fund”, says Stefan Pari, Portfolio Manager at Espiria.
The fund’s main investment theme includes high-yield bonds with lower liquidity and limited interest rate risk. The second major building block consists of higher liquidity investment grade bonds with moderate interest rate risk and value creation. Around 5-10 percent of the fund will be allocated to money market instruments.
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Contact information
Jessica Scott, Chief Marketing and Communications Officer, East Capital Group
mediaenquiries@eastcapital.com
About Espiria and East Capital Group
Espiria is a part of East Capital Group, a global asset manager based in Sweden since 1997. We offer a range of investment solutions within equities, fixed income securities, real estate, and alternatives. The essence of our business is not only to find attractive investment opportunities, but also to actively work to drive change, influencing industries around the world to become more sustainable.
Within East Capital Group you will find East Capital − specialising in emerging and frontier market strategies, East Capital Real Estate − managing commercial real estate investments in Central and Eastern Europe, Espiria − offering bespoke global and Nordic equities and fixed income strategies, and Adrigo – a Nordic long/short fund strategy targeting absolute returns. East Capital Group owns 49% of Cicero Fonder and also has a significant holding in the listed company Eastnine (OM:EAST), which owns, develops and manages modern and sustainable office and logistics premises in prime locations in the Baltics and Poland.
Risk information: Historical returns are no guarantee of future returns. The money invested can both increase and decrease in value and it is not certain that you will get back all the invested capital. For more information, see fact sheet, prospectus, and annual report www.eastcapital.se.
For further information please visit our websites:
www.eastcapital.com
www.eastcapitalrealestate.com
www.espiria.se
www.adrigo.se
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