BNP Paribas Asset Management (‘BNPP AM’) announces the launch of Parvest US Multi-Factor Corporate Bond, a quantitative fund that invests in dollar-denominated, investment grade credit. Launched on 27 June, the fund is the latest addition to the multi-factor range, managed by the quantitative management team within BNPP AM’s Multi-Asset, Quantitative & Solutions (MAQS) investment division.
Following on from the launch of Parvest QIS Multi-factor Credit Euro IG a year ago, the fund offers investors access to the same multi-factor approach applied to US credit. It forms part of one of the market’s largest ranges of multi-factor funds, six of which were awarded French SRI (Socially Responsible Investment) certification in April under the guidelines set out by the Ministry of Economics & Finance. Parvest US Multi-Factor Corporate Bond also aims to obtain SRI certification, through the integration of ESG (Environmental, Social and Governance) criteria into the investment process.
The investment approach combines several factors, including momentum, quality, valuation and risk. It is based on quantitative analysis of fundamental indicators and market data, aiming to identify those bonds expected to deliver the best returns while maintaining a level of risk equivalent to that of its benchmark.
Olivier Laplénie, Head of Quant Fixed Income Portfolio Management at BNPP AM, comments: “BNP Paribas Asset Management is one of the first asset managers to offer such a full range of multi-factor funds, and the fact that six funds in the range now have SRI certification gives investors greater visibility.”
Charles Cresteil, Quantitative Investment Specialist at BNPP AM, comments: “Parvest US Multi-factor Corporate Bond offers a complementary solution to investors seeking to diversify their bond exposure. The launch of a dollar credit fund alongside the existing euro fund means that the range now covers the main regions in both equity and fixed-income markets. Furthermore, the integration of ESG criteria into the investment process means that the funds meet investors’ growing demand for sustainable investment solutions.”
|Key information about Parvest US Multi-Factor Corporate Bond|
|I shares: LU1664649941
Privilege shares: LU1664649784
Classic shares: LU1664649354
|Legal form||A subfund of Parvest, a Luxembourg SICAV|
|Investment management firm||BNP Paribas Asset Management Luxembourg|
|Delegated investment management firm||BNP Paribas Asset Management France|
|Benchmark index||Ice BofAML US Corporate (USD) RI|
|Launch date||27 June 2019|
|Current fees (estimated)||I shares: 0.18%
Privilege shares: 0.28%
Classic shares: 0.63%
|Maximum subscription fees||I shares: none
Privilege shares: 3% (max)
Classic shares: 3% (max)
|Registered for sale||France, Belgium, Luxembourg, Italy|
|Source: BNP Paribas Asset Management, July 2019|
BNP Paribas Asset Management
+44 (0) 20 7063 7106
Investments in the fund are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the funds described being at risk of capital loss. For a Complete description and definition of risks, please consult the last available prospectus and KIID of the funds. Investors considering subscribing to a fund should carefully read the most recent prospectus and KIID that can be downloaded free of charge from bnpparibas-am.com.
BNP Paribas Asset Management UK Limited, ‘the investment company’, is authorised and regulated by the Financial Conduct Authority. Registered in England No: 02474627, registered office: 5 Aldermanbury Square, London, England, EC2V 7BP, United Kingdom.
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an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever, or
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Whilst the Parvest US Multi-Factor Corporate Bond fund described herein has been established as a UCITS (in accordance with the UCITS Directive) in Luxembourg, the Fund has not been registered in the UK. Therefore the promotion of this Fund and the distribution of this document in the UK are accordingly restricted by law.
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