Our nordIX Basis mutual funds are solely investing in so called “negative basis trades”. Such trades are aiming at a mostly risk-free return by simultaneously acquiring a bond and its corresponding hedging instruments: a credit default swap and an interest rate swap. By combining these components, the investment compares to an investment in a floating bond whose redemption is guaranteed by the protection seller.
Negative basis investment opportunities in bonds may occur if the solvency or the credit rating changes or if the bonds trades at a premium due to low liquidity. To cover the credit risk of the bond, the credit default hedge is placed with a top-rated counterparty (e.g. DZ Bank). Usually, collateral is additionally provided to minimize the counterparty-risk. By means of an interest rate swap, the interest rate risk is eliminated in order to immunize the portfolio against interest rate raises.
Our nordIX Basis funds both fit institutional investor’s (tranche I) and private investor’s (tranche R) needs, who want to make stable returns without increasing the risk. Our long-term experience combined with a wide network makes it possible to continuously identify opportunities for negative basis trades and therefore to compile a diversified portfolio. We aim at a performance of approx. 2.0 % p.a. (tranche I) respectively 1.75% p.a. (tranche R). The negative basis trade’s capital requirement is linked to the rating of the protection seller under the substitution approach.
Mit unserem Monatsupdate "monthly" informieren wir Sie kompakt per E-Mail über die wichtigsten Entwicklungen am Kredit- und Derivatemarkt und die Performance des nordIX Basis UI AK R.
Sofern wir einzelnen institutionellen Investoren weitere Unterlagen oder Informationen für dieses Sondervermögen zur Verfügung stellen, werden diese im Interesse der Gleichbehandlung unserer Investoren zeitgleich hier für alle Anleger zugänglich gemacht. Dieser Bereich ist nur für registrierte Investoren zugänglich, die erforderlichen Zugangsdaten stellen wir auf Anfrage gern zur Verfügung. Wenden Sie sich hierzu bitte telefonisch unter 040 3099776-111 an Moritz Schildt oder per E-Mail an compliancenord-ix.com.
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