A specialist bond fund that invests across a broad range of investment grade and non-investment grade European asset-backed securities (ABS), aiming to deliver an attractive level of income relative to prevailing interest rates.
Our Sustainable Enhanced Income ABS Fund can make use of less liquid securities to enhance the portfolio’s income. The team uses TwentyFour’s ESG Scoring Model to evaluate and monitor investments, combining a traditional negative screen with a positive screen.
Why invest?
- ABS normally offers a higher yield for a given rating or maturity than more mainstream investments such as government or corporate bonds
- TwentyFour’s ABS expertise allows the team to target more attractive income in less liquid securities
- 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
