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SHY Synthetic High Yield

Investment Policy

The goal of Tungsten SHY Synthetic High Yield UI is to generate a stable return via a synthetic replication of a high yield portfolio. Outperforming the benchmark (Iboxx High Yield Index) is SHYs long term objective. The investment strategy of the fund is based on a noble priced idea of Robert Merton and replicates high yield corporate bonds done by exchange traded derivatives on indices and stocks. While using derivatives the fund’s portfolio is not as vulnerable as a portfolio using cash bonds during a crisis on the markets. Additionally the diversification of a high yield investor will be improved.

Manager Profile

Before Dominik Poiger joined Tungsten Capital Management, he worked at PWC as advisor for capital markets transactions in Frankfurt. Dominik mostly did financial due diligence work in the financial institutions sector, but was also involved in several advisory projects (restructurings, carve outs). Dominik studied economics at the University Hohenheim and hold a degree as Diplom-Ökonom. Dominik is co portfolio manager next to the CIO Mr. Lutz Klaus.