Reservoir Global Multi Asset Credit Fund
Objective
The Reservoir Global Multi Asset Credit Fund is the name of the AUD feeder fund for the sub-advised - BlueBay Asset Management Multi Asset Credit strategy. The AUD dollar feeder fund is long only, daily liquid, fully hedged portfolio, providing the investor with a single-entry point to BlueBay’s ‘best ideas’ across liquid, long only fixed income and credit universe. Target IRR = AUD cash + 4-6%
People and Investment Philosophy
The 5-person, Global Multi Asset Credit team is managed by BlueBay’s most senior investors. They utilise a combination of bottom-up security selection with a top-down macro and asset allocation approach. They dynamically allocate capital to create a specific portfolio of 150-250 issuers of BlueBay’s best ideas. They believe in crafting credit portfolio’s that are efficient in terms of the interplay between yields, credit quality, potential drawdown / volatility and ESG. The team is required to spend their risk wisely and every bond must earn its place in the portfolio.
Research Ratings
In SQM Research’s view, the Fund has an appreciable potential to outperform over the medium-to-longterm. Historical performance has tended to be meaningful. PDS compliance processes are strong. There are very little to no corporate governance concerns. Management is of a high calibre.
How the Fund works
In the below short 5-minute video , Senior Portfolio Manager, Multi-Asset and Income, Blair Reid explains how The Fund provides a single-entry point to a global universe of RBC BlueBay’s ‘best ideas’ across liquid, long only fixed income and credit universe.
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
