KIS Financial Income is a bond fund that invests mainly in subordinated debt securities, with a directional strategy in the financial market and a European focus, which allows the investor to access a part of the bond world usually reserved for institutional clients. The management style is top-down supported by a careful bottom-up analysis of the issuer and the issue.
The investment universe is made up of European financial instruments issued by financial institutions, with particular attention to subordinated bonds, a special category of bonds capable of offering interesting potential in terms of returns because they act as capital instruments.
The construction of the Portfolio envisages a macro assessment with a top-down approach, which makes it possible to establish how to decline the risk by type of instrument and by geographical area; a selection phase of issuers and issues, with a bottom-up approach in search of an optimal risk/return ratio.
The objective of the product is to offer capital appreciation in the medium to long term. This bond solution invests in the financial sector making the analysis of the capital structure of the issuers and the macroeconomic context its main feature.
Recording date May 2018
Flexible fixed-income fund
Total return management style with a diversified approach combining bottom-up and top-down analyses
European financial instruments issued by financial institutions with a particular focus on subordinated bonds
Take advantage of the opportunities offered by the financial sector by investing in debt instruments
Highest risk indicator in the Sub-fund. For details of the individual classes, please refer to the KID