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Key documents
Objective
The BlueBay Total Return Diversified Credit ESG Fund is designed to achieve a total return from investments in higher yielding fixed income asset classes through active security selection, asset allocation and capital preservation techniques, combined with environmental, social and governance (ESG) criteria.
Sustainability-related disclosure
Pre-contractual SFDR disclosure
Fund specific risks
- At times, the market for emerging market bonds, high yield bonds or convertible bonds may dry up, which could make it difficult to sell these bonds, or the fund may only be able to sell them at a discount
- There may be cases where an organisation with which we trade assets or derivatives (usually a financial institution such as a bank) may be unable to fulfil its obligations, which could cause losses to the fund
- Investing in high yield bonds offers you the chance to gain higher returns through growing your capital and generating income. Nevertheless, there is a greater risk that the organisation which issued the bond will fail, which would result in a loss of income to the fund along with its initial investment
- RBC BlueBay could suffer from a failure of its processes, systems and controls – or from such a failure at an organisation on which we rely in order to deliver our services – which could lead to losses for the fund
For share class information, please contact marketing@bluebay.com
Investment approach
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We seek to achieve a harmony between top-down and bottom-up views combined with environmental, social and governance (ESG) criteria
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Dynamic asset allocation seeks to take advantage of relative value within the sub-asset classes over the medium term
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Specialist portfolio managers select their best ideas within each asset class
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Focus on capital preservation: bottom-up preservation of capital through best ideas credit selection; top-down capital preservation through asset allocation and liquid portfolio hedging strategies
Market opportunity
The Fund has been developed to meet investor demand for a more flexible, non-benchmark-driven approach to credit markets, and allows active shifts between areas of the market in a timely fashion
The Fund aims to contain only our best ideas across global high yield, loans, financial capital bonds, convertible bonds and emerging market debt
The Fund focuses on using BlueBay’s proprietary ESG research to identify and avoid investments with excessive ESG risks
Mark Dowding
BlueBay Chief Investment Officer, BlueBay Fixed Income
Mark is Chief Investment Officer for BlueBay fixed income. He has over 30 years' investment experience as a macro fixed income investor and has been a senior BlueBay portfolio manager since he joined in August 2010. As a macro risk taker, Mark actively pursues an open dialogue with policy makers and opinion formers, believing that proprietary research is key to gaining insights to generate strong investment returns. Prior to joining the firm, Mark was Head of Fixed Income in Europe for Deutsche Asset Management, a role he previously occupied at Invesco. He started his career as a fixed income portfolio manager at Morgan Grenfell in 1993 and holds a BSc (Hons) in Economics from the University of Warwick.
Findlay Franklin
BlueBay Portfolio Manager, Credit Strategy & Asset Allocation
Findlay is a BlueBay Portfolio Manager within the Multi-Asset Credit team. He joined the investment desk in September 2018 as an Assistant Portfolio Manager, originally as a shared resource with the Convertible Bond team but moved to the Multi-Asset Credit team full time at the beginning of 2020. Findlay has been at the firm since September 2015, initially joining as an intern and working in a number of teams within Operations, most notably in the Treasury Cash Management team where he managed the daily liquidity and currency hedging for the investment floor. Findlay holds a Bachelor of Laws degree and an MSc in Law and Accounting. He is a CFA Level 3 candidate.
Maria Satizabal
BlueBay Portfolio Manager, Credit Strategy & Asset Allocation
Maria is a BlueBay Portfolio Manager in the Multi-Asset Credit team and is also a member of the Multi Asset Decision Group (MADG) at BlueBay. Maria joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in January 2008 and held positions as a risk analyst and assistant portfolio manager before moving to her current role in January 2021. Prior to BlueBay, Maria spent one year at Standard Bank Group in the Asset Management division where she was a senior performance analyst for emerging markets and high yield fixed income portfolios. From 2004 until 2007 she worked as a senior portfolio analyst at State Street Global Advisors focusing on LDI, fixed income, FX and equity funds. Maria holds a MSc in Mathematical Trading and Finance from Cass Business School in London as well as a Master in Industrial Engineering and a Bachelors of Industrial Engineering from Universidad de Los Andes in Colombia. Maria has passed the Investment Management Certificate.
Blair Reid
Managing Director & Senior Portfolio Manager, BlueBay Fixed Income, Multi-Asset Credit
Blair is a Managing Director & Senior Portfolio Manager within the BlueBay Multi-Asset Credit Team. He joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in August 2013 and is a member of the Multi Asset Decision Group (MADG). Prior to BlueBay, Blair worked for Goldman Sachs Asset Management where he spent six years as a lead portfolio manager in the fixed income team, specialising in emerging market debt and FX. Previously he worked for Barclays Global Investors as well as Aon (now Aon Hewitt), where he was an investment consultant. He holds an MBA from London Business School, a Bachelor of Economics degree from Macquarie University in Sydney and is a Fellow of the Institute of Actuaries.
Jean-Philippe Blua
Chief Risk Officer, RBC BlueBay Asset Management
Jean-Philippe is Chief Risk Officer for RBC BlueBay and joined the firm in March 2011. Jean-Philippe oversees Investment Risk (market, liquidity and counterparty risk) and Performance & Attribution across all RBC BlueBay funds. His responsibilities also include the management of the Quantitative & Data Science team who is tasked with supporting the Portfolio Management teams in their investment process. Prior to BlueBay, Jean-Philippe was at JPMorgan Chase Investment Bank where he was Head of LATAM & EMEA Credit Market Risk Management and before that Head of EMEA Local Market Risk management. Prior to this, he was managing his own portfolio as a proprietary trader at JPMorgan Chase Investment Bank investing in EM credit, fixed income and FX products, and before that he started his career as a risk analyst covering European credit markets. Jean-Philippe holds a Master's degree in Management with a specialisation in Finance from Audencia School of Management, France.