MFM Convertible Bonds Opportunities

Fund strategy

MFM Convertible Bonds Opportunities is an open-end fund incorporated in Luxembourg.
The aim of this fund is to increase capital which implies long-term investments in convertible bonds, preference shares, option certificates and loans.
Lower risk
Risk
Higher risk
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The risk level was calculated based on historical data and is not an indicator of future risk.

Monthly Comment

What happened
Economic fundamentals continued to deteriorate in the early fall. The manufacturing sector, in particular, experienced a severe contraction. The services sector however, continues to support the economy in most regions, as a globally robust labour market sustains healthy consumer spending. The first signs of a weakening of the service sector have popped up recently. Therefore, consumer sentiment is one of the most critical indicators in the short-term. In this environment, the outlook for global growth continues to be revised downward. Concurrently, the risk of a recession continues to increase.
Inflation, which remains strangely moderate, has allowed central bankers to implement accommodating policies. These policies reduce the...
Cédric Membrez

Portfolio Manager

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Serge Fournier

Portfolio Manager

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Giuseppe Mirante

Founder – CEO
Head of Convertible Bonds

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