Global Bonds

The bond funds of StarCapital are a global, well-diversified platform for investing in all segments of the fixed income universe. We invest without any benchmark constraints and can therefore target the most promising investment opportunities in global bond markets and invest wherever we see the most attractive trade-offs between risk and return.

Positions in undervalued securities will be opened or increased during major downside corrections and investment exposure will be gradually scaled back when assets are overvalued. We deliberately deviate from consensus in our quest to capture the most attractive opportunities over the long term.

Due to the high level of flexibility and freedom, the fund managers can respond quickly to any sudden shifts in the marketplace. Asset allocation, investment exposure, duration, and country, sector and currency allocations are actively managed.

Investment Case Global Bond Strategies

Diversification and anticyclical portfoliomanagement

The «global unconstrained» funds managed by StarCapital AG are capable of generating excess value compared to traditional funds thanks to their global and flexible investment mandate. With our benchmark-free remit we can optimally exploit market inefficiencies across the entire fixed income spectrum without any geographic constraints. Investments are made in different categories of fixed income securities (besides the classic government bonds and corporate bonds, the investment universe includes high yield and bonds denominated in foreign currencies) with low levels of correlation to create and maintain a stable, well balanced and well diversified portfolio. The portfolio management team takes a strictly anti-cyclical approach: Positions in undervalued securities will be opened or increased when markets overshoot on the downside and exposure will be gradually scaled back when assets are overvalued.

Investments are made in different categories of fixed income securities (besides the classic government bonds and corporate bonds, the investment universe includes high yield and bonds denominated in foreign currencies) with low levels of correlation to create and maintain a stable, well balanced and well diversified portfolio. The portfolio management team takes a strictly anti-cyclical approach: Excessive corrections are used to open or increase positions in undervalued securities while phases of overly high valuations are used to reduce investment exposure.

Actively managed

Due to the high level of flexibility and freedom, the fund managers can respond quickly to any sudden shifts in the marketplace. Asset allocation, investment exposure, duration, and country, sector and currency allocations are actively managed.

 

Our expertise

StarCapital's award-winning fund management team has decades of experience in the field of fixed-interest investment strategies and knows how to systematically exploit market inefficiencies.

Team Bond Strategies

Michael Merz
Michael Merz, CCrA, Head Bond Funds Management
  • Since 2014 Head of Fixed Income at StarCapital AG
  • 2010 – 2013 Senior Investment Consultant at Credit Suisse AG
  • 2006 – 2010 Senior Portfolio Manager, Global Fixed Income at Deutsche Bank AG
  • Bank management studies, diplomas: Certified Banking Specialist, Certified Credit Analyst, ACI Diploma
Adam Choragwicki
Adam Choragwicki, CIIA, Senior Portfolio Manager
  • Since 2016 Senior Portfolio Manager / Specialist for Global Emerging Markets at StarCapital AG
  • 2015 – 2016 Senior Portfolio Manager Emerging Markets Fixed Income at Helaba Invest Kapitalanlagesellschaft mbH
  • 2007 - 2015 Portfoliomanager Global Fixed Income and Emerging Markets ati DWS Investments
  • Bank management studies, diplomas: Certified Banking Specialist, Certified International Investment Analyst
Thomas Umlauft
Dr. Thomas Umlauft, Analyst Global Fixed Income
  • With StarCapital AG since January 2016 as bond fund management analyst
  • Equity Research Analyst from 2014 to 2016; Thomson Reuters award as Top Earnings Predictor for 2015
  • Dissertation on the financial crisis 2007-2009 at University of Vienna
  • History, banking and finance studies in Vienna and London
Peter E. Huber
Peter E. Huber, Head Portfolio Management
  • Since 2001 member of the Supervisory Board of StarCapital AG
  • 2001 – 2016  Partner and from 2007 on Executive Board member of StarCapital AG
  • 1989 – 2000  Founder and CEO of PEH Wertpapier AG
  • 1981 – 1989  Founder and Managing Director of PEH Wertpapier-Research GmbH (previously Neue Wirtschaftspresse Vermögensverwaltung)
  • Business management studies, degree in business administration
  • Michael Merz
  • Adam Choragwicki
  • Thomas Umlauft
  • Peter E. Huber

Our investment solutions

The bond funds managed by StarCapital AG offer investors access to a superb platform of strategies with a global and anti-cyclical investment approach.

Product Date ISIN NO. NAV YTD 1YR 3YR Factsheet

StarCapital Argos

> I-EUR 23.05.2018 LU0340783603 1,531.04 -2.24% -3.02% 0.66%
  • DE

    • DE
> A-EUR 23.05.2018 LU0137341789 137.93 -2.39% -3.41% -0.53%
  • DE

    • DE
> HI-CHF 23.05.2018 LU1603432060 120.08 n.a. n.a. n.a.
  • DE

    • DE

StarCapital Bondvalue UI

> I-EUR 23.05.2018 DE000A1111E3 986.26 -1.32% -1.53% -0.10%
  • DE

    • DE
> A-EUR 23.05.2018 DE0009781872 68.15 -1.53% -1.85% -1.43%
  • DE

    • DE

News

Markets & Opinions / 14.07.2017

Lesen Sie den Newsletter StarInvest vom Juli 2017.

Markets & Opinions / 20.06.2017

Lesen Sie den Newsletter StarInvest vom Juni 2017.

Products & Services / 02.06.2017

Buy-Rating von Fonds Consult Research für flexiblen Rentenfonds StarCapital Argos bestätigt.

Markets & Opinions / 14.02.2017

Lesen Sie den Newsletter StarInvest vom Februar 2017.

Markets & Opinions / 11.01.2017

Lesen Sie den Newsletter StarInvest vom Januar 2017.