Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

XAIA Credit Basis (I)

Ranked 22 out of 93 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Jochen Felsenheimer

Dr. Jochen Felsenheimer is a managing director at XAIA Investment GmbH. He holds a PhD in Macroeconomics, and is the author of several published books and research articles focusing on credit derivatives, as well as credit markets and topics concerning Macroeconomics. Prior to co-founding XAIA Investment he co-founded the Credit Department at Assenagon in 2009, and previously served as the head of global Credit Strategy Research at UniCredit Group.

Wolfgang Klopfer

Dr. Wolfgang Klopfer studied mathematics, physics and information sciences at the Technical University of Munich where he also earned his PhD in mathematics. He is the chief executive officer of XAIA Investment GmbH having co-founded the credit department at Assenagon. He also spent 11 years at UniCredit Group holding various senior trading positions - lastly as divisional head of Proprietary Trading.

Objective

The fund aims to achieve a significant excess returns to the 3-month Euribor (Euro Interbank Offered Rate). The fund uses price differences between bonds and credit default swaps (credit default swaps, CDS) to identical debtor. The aim is to largely neutralize the company resulting from the bond credit risk through CDS. Interest rate and currency risks are largely hedged through appropriate hedging instruments.

Showing fund performance in Latvia View performance globally

Performance

Bond Strategies over : 31/05/2017 - 31/05/2018
  • Rank 22/93 Total Return
  • Rank 6/93 Standard Deviation
  • Rank 5/93 Max Drawdown
Fund Name Currency Loss
3 Infinigon Investmentgrade Collateralized Loan F BI EUR

0.0%

4 BNP Paribas ABS Europe IG I EUR

-0.1%

5 XAIA Credit Basis (I) EUR

-0.2%

6 Kames Absolute Return Bond Cons C Acc EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

7 KCD Mikrofinanzfonds (FIS) - Global EUR

-0.4%

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 0.6%
2017 0.6% 0.4% -0.2% 0.3% 0.1%
2016 1.5% -0.4% 0.4% 0.6% 0.9%
2015 1.7% 0.8% 1.0% 0.3% -0.4%
2014 3.5% 1.1% 1.0% 0.9% 0.4%
2013 4.6% 1.7% 1.2% 1.0% 0.7%
2012 5.3% 0.9% 1.1% 1.4% 1.9%
2011 3.1% 1.4% 1.3% 0.5% -0.1%
2010 7.8% 2.9% 2.5% 1.3% 0.9%
2009 4.7% 2.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Germany
  3. Luxembourg

Fund Info

  • Launch date22/04/2009
  • Share Class size272Mn
  • Base currencyEUR
  • ISIN LU0418282934

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0

Charges

  • Annual management0.60%
  • Initial investment0.6

Related News

AAA-rated bonds duo: avoid funds 'forced' into Ucits format

XAIA outperformers believe regulatory demands could cause problems.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).