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Key documents
Objective
The BlueBay Investment Grade Absolute Return Bond Fund is designed to invest in predominantly global investment grade corporate and sovereign issues, derivatives, rates and currencies, combined with environmental, social and governance (ESG) criteria.
Sustainability-related disclosure
The BlueBay Investment Grade Absolute Return Bond Fund (the Fund) is actively managed and its objective is to achieve a total return in excess of the ICE BofA Merill Lynch Euro Currency 3-Month Deposit Offered Rate Constant Maturity index. There are no restrictions on the extent to which the Fund's portfolio and performance may deviate from the ones of the benchmark.
The Fund’s benchmark (ICE BoFA Merrill Lynch Euro Currency 3-Month Deposit Offered Rate Constant Maturity index) does not implement any of the ESG specific considerations which apply to the fund and is therefore used for performance comparison only.
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
Investment approach
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Seeking to generate returns from investment decisions in global rates, sovereign and corporate credit and currencies based on high quality forensic proprietary research
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Research seeks to integrate macro, regulatory and political research with more traditional balance sheet analysis
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Half the targeted return is foreseen to come from bottom up decisions (sector, issuer and issue selection)
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Decision making focussed on both long and short risk positions to be able to potentially generate alpha in all market environments
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Strong emphasis on capital preservation to limit drawdowns
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Uses the full range of cash and derivative securities
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Disciplined risk management at every stage of investment process
Market opportunity
The BlueBay Investment Grade Absolute Return Bond Fund is an absolute return strategy which aims to deliver excess returns in all market environments
The fund invests predominantly in global investment grade corporate and sovereign securities and derivatives, and takes risks in term structure, top down (beta) and bottom up (alpha) credit and currencies
Returns are foreseen to come from active management, based on high quality forensic proprietary research on term structure, top down(beta) and bottom up (alpha) credit and currency decisions
Mark Dowding
Chief Investment Officer, RBC BlueBay Asset Management
Mark is RBC BlueBay's Chief Investment Officer. He has over 26 years' investment experience as a macro fixed income investor and has been a senior portfolio manager at RBC BlueBay 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 in order to generate strong investment returns. Prior to joining RBC BlueBay, 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.
Andrzej Skiba
Partner, Head of US Credit, Leveraged Finance
Andrzej joined RBC BlueBay in February 2005 and is a Senior Portfolio Manager responsible for the Developed Markets team and is based in RBC BlueBay's office in Stamford, Connecticut. In 2013, Andrzej moved to the US from London to oversee the buildout of global investment grade capability. This followed a period from 2009, where he was a portfolio manager responsible for corporate investments within RBC BlueBay’s IG strategies. Andrzej spent his first four years at RBC BlueBay as a credit analyst covering the TMT, utilities and retail sectors for the Investment Grade team. Prior to RBC BlueBay, Andrzej worked for Goldman Sachs as a credit analyst covering European investment grade telecom, media and utility sectors. Andrzej holds a BSc (Hons) in Management and International Business Economics from UMIST and is a CFA charterholder.
Note: Andrzej is counted in both the Investment Grade and Global Leveraged Finance groups.