To counter inflation, the Central Banks launched a policy of interest rate hikes in 2022 which has rekindled attention to bond investments. For the first time in many years, fixed income investments are once again having their value within a strategic asset allocation.

The context of high uncertainty and volatility makes the assessment and consequent choice of bonds to include in your 2023 portfolio crucial.

Never as in these situations is a flexible and dynamic approach essential.


KIS Bond Plus is a flexible absolute return bond Fund that aims to capture the best opportunities within the fixed income universe as a whole.

Depending on the changing market context with the aim of calibrating the risk/return ratio efficiently, the Fund invests mainly in Corporate and High Yield bonds from the European area, as well as in convertible bonds, financial subordinated and Emerging Markets, debt securities of any financial duration issued by governmental or non-governmental entities, that comply with ESG criteria.

The main objective of the management, characterized by a highly active style, is to maintain an efficient risk/return ratio with attention to the appreciation of capital in the medium term.

It is a very useful product for diversifying the bond portfolio as it has rather low levels of correlation with the main bond indexes and a duration that is always contained, i.e. that it does not have long positions: a low duration in fact makes it possible to optimize returns. Active duration management is on an opportunistic basis.


The investment universe of KIS Bond Plus is global, with a focus on European corporate and government issuers. The portfolio is built according to the principles of wide diversification and low concentration, using all the instruments of the bond market to adapt to different economic contexts, according to ESG logics. Kairos, in fact, focuses on a flexible product capable of promoting the principles of environmental, social and governance sustainability.

The investment process combines quantitative and qualitative approaches through macroeconomic and fundamental analysis.

The macroeconomic analysis, the starting point from the top-down approach, which looks at the economic cycle, interest rate trends, the geopolitical context and Central Banks, integrates with the fundamental bottom-up analysis of issuers and issues, focused on diversification and minimizing the correlation between existing positions.

The idea of ​​the management team is to look for the best investment opportunities with:

The currency positions have the function of hedging the exchange rate risk. Sector selection and the choice of the most efficient segment of the issuer’s capital structure contribute to the generation of alpha.

The use of a large number of carefully selected and poorly correlated issuers and issues and flexibility in risk management represent an optimal combination to aim the objective of protecting capital in downturns without sacrificing returns.

According to the SFDR Regulation on ESG funds, the Fund is classified as art. 8. Further information on sustainability aspects is available at the link and in the prospectus.

The Fund is characterized by active management aimed at obtaining absolute performance, without any reference to a benchmark.

KIS Bond Plus is aimed at investors with an average risk tolerance with a medium risk tolerance who can set aside the capital for a period of at least three years and are prepared to meet defined investment objectives, have experience of, or understand, so-called “capital at risk” products and are able to accept capital losses (should these occur). The investment involves a risk component, consequently the capital originally invested may not be recovered in whole or in part. Past performance is no guarantee of future results. The summary risk indicator of KIS Bond Plus is rated at tier 2 out of 7. Full risk information is available in the Prospectus and the KID.


The management of KIS Bond Plus is entrusted to Rocco Bove who boasts many years of experience in the entire area of the capital of issuers, with strong specialization in the categories of high-yield corporate bonds.

Rocco Bove
Rocco Bove
Head of Fixed Income
Edoardo Noseda
Edoardo Noseda
Portfolio Manager

We are signatories of the PRI, Principles for Responsible Investment, the United Nations initiative which contributes to the development of an increasingly sustainable global financial system.

We are signatories of the Carbond Disclosure Project (CDP), the international non-profit organization that intends to contribute to the construction of a sustainable economy for people and the planet.

For more details about KIS Bond Plus

To request a personalised advisory


This is a marketing communication for advertising purposes. Please refer to the Prospectus and the Key Information Document (KID) before making any final investment decision. These documents are available in Italian on the website and at the registered office of Kairos Partners SGR S.p.A. (“Kairos”) and placement agents, also in a paper copy . A summary of Investors rights is available in both Italian and English at Past performance is shown net of expenses borne by the Fund and before taxes. Past performance does not predict future returns. The investment concerns the acquisition of shares in the Fund and not a given underlying asset which remains the property of the Fund. The investment implies a risk component, consequently, some or all of the originally invested capital may not be recovered. Exchange rates movements may affect the value of the investment and costs when expressed in a currency other than the investor’s reference currency. Information on the features of the Fund and general sustainability aspects (ESG) can be found at, in accordance with Regulation (EU) 2019/2088. If the Fund is marketed in countries other than the country of origin, Kairos has the right to terminate the marketing agreements based on the withdrawal of notification process provided for by Directive 2009/65/EC.
The information and opinions provided herein do not constitute a public offer, nor a personalised recommendation. They do not represent a contract and are not prepared in accordance with a legislative provision, nor are they sufficient to make an investment decision and are not intended for persons residing in the United States of America or other countries in which the Fund is not authorized for marketing. The information and data are deemed correct, complete and accurate. However, Kairos does not provide any express or implied representation or warranty as to the accuracy, comprehensiveness or fairness of the data and information and, when they have been drafted by or derive from third parties, assumes no liability for the accuracy, comprehensiveness, fairness or adequacy of such data and information, although the sources used are considered to be reliable. When not specified otherwise, the data, information and opinions are to be deemed updated at the report date and may be subject to changes with no prior notice or subsequent communication. Any citations, summaries or reproductions of the information, data or opinions provided herein by Kairos must not alter the original meaning, nor can they be used for commercial purposes and must cite the source (Kairos Partners SGR S.p.A.) and the website Citation, reproduction and, in any case, use of the data and information of third parties it must occur, when allowed, in full compliance with the rights of the relative owners.

Kairos Partners SGR SpA | Via San Prospero 2 I-20121 Milan – VAT No. 12825720159 | All rights reserved