LBBW RentaMax

Broad diversification

LBBW RentaMax primarily invests in euro-denominated corporate bonds with good to very good credit ratings (investment grade). The portfolio is of a defensive nature, meaning foreign currency risks are excluded. The fund management aims to generate the most attractive yield possible through active management, while also considering risk aspects.

Bonds are selected using the top-down principle. The fund management analyses the macroeconomic environment, followed by the sector environment and finally the companies and their bonds. It also refers back to LBBW Credit Research in selecting the most promising issuers. The average remaining terms of the securities are constantly being adjusted to take into account the current market situation while considering the aspect of yield optimization. Interest rate derivatives can be used to manage durations.

Fund Profile LBBW RentaMax