Corporate bonds still offer opportunities in 2021
Reading time:15 MIN
COVID-19 induced lockdowns, massive revenue losses, zombie companies and an impending wave of insolvencies – a flood of horror news kept the corporate bond market on tenterhooks in 2020. Nevertheless, after a correction of unprecedented speed and magnitude, many segments closed in positive territory, with risk premiums close to the levels at the beginning of the year. Can one continue to invest in corporate bonds with a clear conscience or is 2021 in for a rude awakening in view of valuations that are no longer favourable?
Author
Christian Bettinger
Christian Bettinger has been with the company since June 2009 and heads the Portfolio Management Fixed Income department. As fund manager of the mutual funds Berenberg Euro Bonds and Berenberg Financial Bonds, he is responsible for the selection of corporate bonds. He trained as a banker and then studied business administration at the Catholic University of Eichstätt-Ingolstadt. In 2010, the business graduate was taken on early from the Berenberg trainee program as a fund manager with a focus on derivatives and bonds. Bettinger is a CFA Charterholder, Certified Financial Engineer (CFE) and authorized Eurex trader.
Christian Bettinger
Head of Portfolio Management Fixed Income
Suitable investment solutions
Fixed Income Europe
Invest in modern bond portfolios, actively managed with a focus on euro-denominated bonds and flexible portfolio positioning.
Fundname
ISIN | WKN:
Performance
1 year
Volatility
1 year
NAV
Berenberg Financial Bonds R A
LU0636630005 | A1JBQ7
Date: 24.03.2025
ISIN: LU0636630005
WKN: A1JBQ7
Performance 1 year: 8.59%
Volatility 1 year: 1.65%
NAV: 139.94 EUR
Berenberg Financial Bonds R D
LU2116693222 | A2PZPX
Date: 24.03.2025
ISIN: LU2116693222
WKN: A2PZPX
Performance 1 year: 8.40%
Volatility 1 year: 1.65%
NAV: 111.49 EUR
Berenberg Euro Bonds R A
DE000A0MZ309 | A0MZ30
Date: 24.03.2025
ISIN: DE000A0MZ309
WKN: A0MZ30
Performance 1 year: 4.71%
Volatility 1 year: 2.67%
NAV: 69.20 EUR
Berenberg Euro Bonds R D
DE000A0RB9M9 | A0RB9M
Date: 24.03.2025
ISIN: DE000A0RB9M9
WKN: A0RB9M
Performance 1 year: 4.71%
Volatility 1 year: 2.66%
NAV: 49.59 EUR
