Tungsten SHY Synthetic High Yield UI
|Investment Advisor||Tungsten Capital Management GmbH|
|Portfolio Manager||Dominik Poiger, Lutz Klaus|
|Fund AUM (GBP)||£10m|
|Fund AUM as of||30 June 2016|
|Fund Inception||30 March 2015|
|Fund Indices||AH Credit UCITS Index|
The approach of the Tungsten SHY Synthetic High Yield UI is based on Robert Merton's Nobel-prize awarded idea to replicate high yield corporate bonds via exchange-listed derivatives on indices and single securities. Through the use of derivatives, the synthetically replicated portfolio aims to behave less prone to crisis compared to traditional high yield portfolios using bonds.