CACEIS partner with Pioneer Investments
19 December 2013 Paris
Image: Shutterstock
CACEIS has been selected by Pioneer Investments to provide asset servicing and administration for the launch of its first French law fund, the Neuflize High Yield International 2018.
The fund will be managed as part of an exclusive partnership with Banque Neuflize OBC. CACEIS will provide Pioneer Investments with a wide range of services, including custody and depository functions, fund administration and the production of financial and regulatory reports. It also manages the fund’s corporate governance and legal affairs.
The Neuflize High Yield International 2018 is a feeder fund that is fully invested in a master fund managed by Pioneer Investments and made up of a selection of high yield and/or unrated bonds with an average maturity of five years.
Its objective is to offer a higher return than the French government bond maturing in April 2018. To achieve this objective, the master fund invests in US (75 percent) and emerging market (25 percent) corporate bonds, denominated in euro or foreign currencies.
Joseph Saliba, deputy CEO at CACEIS, said: “We are proud to have been selected as the asset servicer for Pioneer Investments’ first UCITS IV French law fund. It demonstrates the quality of our offering and our visibility among major international fund managers. It also serves to strengthen our long-term partnership with Neuflize OBC.”
The fund will be managed as part of an exclusive partnership with Banque Neuflize OBC. CACEIS will provide Pioneer Investments with a wide range of services, including custody and depository functions, fund administration and the production of financial and regulatory reports. It also manages the fund’s corporate governance and legal affairs.
The Neuflize High Yield International 2018 is a feeder fund that is fully invested in a master fund managed by Pioneer Investments and made up of a selection of high yield and/or unrated bonds with an average maturity of five years.
Its objective is to offer a higher return than the French government bond maturing in April 2018. To achieve this objective, the master fund invests in US (75 percent) and emerging market (25 percent) corporate bonds, denominated in euro or foreign currencies.
Joseph Saliba, deputy CEO at CACEIS, said: “We are proud to have been selected as the asset servicer for Pioneer Investments’ first UCITS IV French law fund. It demonstrates the quality of our offering and our visibility among major international fund managers. It also serves to strengthen our long-term partnership with Neuflize OBC.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
.jpg)