A specialist fund that invests across the full range of investment grade European asset-backed securities (ABS), aiming to deliver an attractive level of income relative to prevailing interest rates with a strong focus on capital preservation.
Our Monument Bond Fund uses the natural advantages of the ABS asset class and a vastly experienced team to target stable, attractive returns.
Why invest?
- ABS normally offers a higher yield for a given rating or maturity than more mainstream investments such as government or corporate bonds
- ABS are virtually all floating rate, making them less sensitive to interest rate changes than fixed rate bonds
- Features such as credit enhancement, loss-absorbing reserve funds, and the legal separation of issuer and asset pool are built-in protections for ABS investors
- Transactions are highly transparent with detailed reports showing the performance of each loan in the asset pool, enabling investors to conduct their own research
- ABS remains a poorly understood asset class, meaning those that put in the effort and expertise can be rewarded with a complexity premium
Investment Team
