Investment Objective
XAIA Credit Basis will profit from market discrepancies between bonds and the price for protection against default (so called "basis"). The investment universe consists of corporate and financial bonds. Credit, interest rate and currency risks inherent in these instruments are most widely eliminated using the corresponding hedging techniques. Through active management of the basis, the fund targets a return of 3 Month Euribor plus 3.5% p.a. net of fees.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 0.7 | 0.9 | 0.2 | 0.3 | 0.2 | 0.7 | 1.0 | 0.1 | 0.6 | 0.3 | 0.7 | 0.1 | |
| 2022 | 0.1 | 0.3 | 0.8 | 0.3 | 0.9 | 0.1 | 0.0 | 0.9 | 1.0 | 0.0 | 0.4 | 0.9 | 0.4 |
