GLOCAL HIGH YIELD EUROBONDS FUND Objective
Glocal High Yield Eurobonds Fund is aimed at providing the participants with capital growth opportunities through investments in Eurobonds and USD-denominated corporate bonds that offer a winning synergy between reliability and income. The targeted investment horizon is mid- to long-term; units are issued and redeemed in US dollars.
The fund has access to reasonable borrowing rates and operates under the favorable tax legislation governing the investment and asset management activity in Armenia.
Fund performance chart
| MTD | YTD | 3 months | 2023 | Since Inception* | Inception Annualized |
| -2.83% | 4.25% | -4.02% | 17.63% | 56.67% | 21.07% |
*Effective cumulative performance since inception – 16 August 2022
| YEAR | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
| 2024 | -0.1% | 0.03% | 1.1% | -1.5% | 0.6% | 2.0% | 1.9% | 3.1% | 1.4% | -2.6% | 1.1% | |
| 2023 | 0.4% | 1.2% | 7.2% | 4.6% | -6.5% | 7.3% | 0.9% | -1.7% | 4.5% | -1.4% | 2.2% | 1.0% |
| 2022 | -1.2% | -3.6% | 7.8% | -1.8% | 17.6% |
Published issue (buyback) price applies to the unit purchase (buyback) requests submitted on the previous day.
The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your units.
Fund facts
How it works
The fund’s strategy lies in a qualified and thorough selection of government and corporate Eurobonds and managing the portfolio using market instruments and borrowed funds. The fund will invest in Eurobonds and corporate bonds of developed, as well as emerging markets, ensuring strong profitability under a continuous monitoring of the portfolio quality.
Approach
When managing the investment portfolio the fund uses a multi-faceted approach that relies on proprietary analytical and simulation models, observations to predict future events, as well as a dynamic risk assessment framework. Our analysis encompasses historical data on Eurobond yields, and spreads between borrowing and lending rates.