Tobam launches HY fund to take on passive underperformers

French asset manager Tobam Core Investments opened its first international high yield fund on Monday. The €100m fund aims to go against the grain.

  • By Victor Jimenez
  • 20 Mar 2017
“People are starting to realise that market cap-weighted portfolios on which indices rely allocate risk in a sub-optimal way,” said Tobam’s head of fixed income, Raphaël Thuin, in Paris. “Alternatives to market cap have been around for quite some time in the equity space. Being able to implement such ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 39,814.04 178 7.25%
2 Citi 35,583.54 163 6.48%
3 Bank of America Merrill Lynch 33,128.31 166 6.03%
4 Deutsche Bank 32,622.38 127 5.94%
5 Barclays 28,217.98 111 5.14%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 BNP Paribas 7,741.23 34 9.96%
2 Deutsche Bank 6,409.32 21 8.25%
3 Barclays 5,176.15 25 6.66%
4 HSBC 5,003.70 23 6.44%
5 Citi 4,576.17 26 5.89%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Citi 2,417.98 11 10.88%
2 Deutsche Bank 2,229.13 17 10.03%
3 Bank of America Merrill Lynch 1,908.90 13 8.59%
4 JPMorgan 1,733.98 11 7.80%
5 Barclays 1,569.70 11 7.06%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 11,150.67 77 12.59%
2 Citi 8,073.45 55 9.11%
3 Bank of America Merrill Lynch 7,652.39 65 8.64%
4 Goldman Sachs 6,155.05 45 6.95%
5 Credit Suisse 5,502.63 40 6.21%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 BNP Paribas 8,202.93 31 9.23%
2 Deutsche Bank 6,868.10 19 7.73%
3 Citi 6,086.67 25 6.85%
4 JPMorgan 4,814.18 17 5.42%
5 HSBC 4,304.73 21 4.84%