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Ostrum

SRI Credit Ultra Short Plus

Alternative to a money market placement, while seeking a higher return

The Philosophy

Ostrum SRI Credit Ultra Short Plus - Leverage the opportunities offered by ultra short-term corporate bonds through an SRI approach.

The philosophy

Reasons to invest

Seeks enhanced returns with limited volatility, with a focus on private-sector issuers. Bond positions are generally held until maturity to capture the yield at purchase. Volatility is constrained by the “pull-to-par” effect inherent to ultra-short-term bonds. The stringent modified duration guidelines means it track the ECB’s main policy rate, yet with enough flexibility to adapt to changing market conditions.

Bottom-up issuer selection is the main alpha driver. The investment team selects issuers based on proprietary credit research to identify the best investment opportunities. Resilience through the economic cycle and cashflow visibility are the key features for investment decisions.

Euro-denominated ultra-short-term bonds are the core of the portfolio. The investment team also targets non-euro-denominated bonds when arbitrage opportunities arise (currency risk hedged). The team also has the flexibility to invest in a broad universe, including money market securities, MTNs, etc. to uncover the best available risk-adjusted returns.

The strategy is compliant with both Article 8 SFDR and the French government’s SRI label. As such, it takes into consideration three main criteria when selecting securities: a lower carbon intensity, a better ESG rating, and stronger anti-corruption policies than the reference index. The team also integrates ESG into their investment decisions based on in-house proprietary research.

“For investors looking for steady and attractive returns, ultra-shortterm credit can offer the right solution: Euro short-term rates are at the highest in 15 years”
– Emmanuel Schatz, Portfolio fManager, Ostrum Asset Management

The firm

Ostrum Asset Management is a responsible European institutional investment management leader, supporting investors offering both:

· asset management solutions on the back of its long-standing insurance-related and fixed-income management expertise (stocks and bonds) ;

· investment services thanks to our innovative technological platform

Paris

France

358

Employees

Ostrum Asset Management

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Important information

All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. There could be other differences across similar products in the same strategy. Investors should fully understand the risks and other relevant details associated with any investment prior to investing.