The French domiciled fund Altitude Convertible Monde was launched in 2015 to offer Mirabaud’s investors access to one of the very first Global Convertible fund integrating ESG principles in its investment process. Since then, the Luxembourg domiciled Mirabaud- Convertible Bonds Global managed by the same team and designed to cater to a wider European audience has also integrated ESG and sustainability principles in its approach, in line with Mirabaud Asset Management’s strategy for all its funds to integrate ESG criteria.
Since both funds’ investment processes had converged, and in order to allow investors to benefit from economies of scale with a larger pool of assets, Mirabaud has made a proposal, which has been accepted by its investors, to merge the two ESG Convertibles funds together.
As a result, the Mirabaud Convertibles Bond Global, launched in 2014, will continue to offer investors access to an outstanding sustainable investment solution in Global Convertibles and a larger pool of assets. The fund is registered for distribution in many European countries including Switzerland. Mirabaud- Convertible Bonds Global is currently rated 4 Stars by Morningstar and is ranked top quartile in its Citywire peer group over 5 years, 3 years and 1 year.
Nicolas Crémieux, Lead Portfolio Manager of both funds, will continue to manage the continuing Mirabaud – Convertibles Bond Global approach under the leadership of Renaud Martin, Head of the Convertibles Bond team.
Nicolas and Renaud have extensive experience in the convertible bonds industry and currently manage, within a team of four specialists, the European and Global Convertible Bonds Strategies of Mirabaud Asset Management. Being responsible active investors, the investment teams of Mirabaud Asset Management are at the forefront of our ESG approach, supported by a team of dedicated ESG specialists led by Hamid Amoura.
Nicolas Cremieux commented: “Convertible bonds' convexity makes them a strategic asset to navigate markets' ups and downs. Thanks to their dual nature, they allow investors to maintain a certain exposure to equities' additional upside potential, whilst keeping the defensive benefits of the bond-floor; all this in an ESG compliant format.”