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Latest addition to ODDO BHF AM’s range of fixed maturity bond funds: ODDO BHF Global Target 2031
Paris, Frankfurt, Düsseldorf, Luxembourg, September 23, 2025
With ODDO BHF Global Target 2031, ODDO BHF AM continues to expand its flagship range of fixed maturity funds by offering a fund invested in a diversified portfolio of high-yield bonds. What sets this fund apart from its predecessor versions is that it will remain open for subscription until it reaches maturity.
The fund invests in global high-yield bonds rated between BB+ and CCC with maturities not exceeding October 1, 2032. It is managed using a buy-and-maintain approach, where each issuer in the portfolio is subject to ongoing monitoring. The investment process combines in-depth fundamental credit analysis with active and rigorous risk management. This allows for disciplined selling in the event of deteriorating credit conditions.
A pioneer in fixed maturity bond fund management since 2009, ODDO BHF Asset Management has gained significant expertise with €1.2 billion in assets under management in this range as of the end of June 2025. ODDO BHF Global Target 2031 draws on the experience of a credit management team that is well-known in Europe, particularly nine specialist portfolio managers and analysts led by Alexis Renault, who has over 30 years of experience in the high yield space.
"With short-term interest rates having fallen in recent months, high-yield bonds still offer attractive returns," says Alexis Renault, fund manager and Global Head of High Yield at ODDO BHF Asset Management. "Unlike a directly held bond, ODDO BHF Global Target 2031 offers both visibility on the expected yield at maturity and diversification of bonds within the portfolio, while being exposed to a risk of default and loss of capital."
The fund is classified as Article 8 under the European SFDR Regulation on sustainability-related disclosures. It is exposed to the risk of capital loss.
Along with ODDO BHF Global High Yield Bond, a fund launched this summer, ODDO BHF now offers a comprehensive range of high-yield bond funds, ranging from short-duration credit strategies to traditional funds and fixed maturity funds.