Fixed Income

PMG's diverse fixed income product offering ranges from BVV2-focused Swiss bond portfolios, to award-winning bond funds for CHF investors or with a focus on the bond markets of the G7 countries, to convertible bond funds or global high-yield investment strategies.

PPF - Credit Opportunities Fund

The fund is a globally investing, yield-oriented bond fund for Swiss investors. The selection of securities follows strict discipline, especially in volatile market phases. Preference is given to opportunities in the Swiss domestic market as well as in selected international bond markets. The fund focuses on issues arising from macro- and microeconomic risk assessment. Each debtor is subjected to a comprehensive overall assessment. Preference is given to exposures at the BBB/BB rating threshold. The fund does not follow any benchmark and aims for absolute, positive returns in the medium term. Attention is paid to broad diversification, with the Swiss bond market clearly overweighted.

PPF - Credit Opportunities Fund (A)
PPF - Credit Opportunities Fund (B)
PPF - Credit Opportunities Fund A EUR
PPF - Credit Opportunities Fund B EUR

Muzinich Funds (CH) – Global Short Duration Investment Grade Fund

The fund invests with a focus on investment grade corporate bonds from issuers in the US, Europe and emerging markets. The investment strategy aims to achieve an attractive return on a risk-adjusted basis. Thanks to a dynamic relative value credit analysis, special attention is paid to capital preservation and the lowest possible volatility on the one hand, and capital appreciation on the other. The fund portfolio is well diversified - across issuers, sectors and regions. Investments are made in corporate bonds with an average duration-to-worst of no more than 1.5 years. ESG considerations are an integral part of the research process, which also applies the exclusion list of Norges Bank Investment Management.

Muzinich Funds (CH) - Global Short Duration Investment Grade Fund FT EUR
Muzinich Funds (CH) - Global Short Duration Investment Grade Fund FT CHF

Zugerberg Funds - ZF Income Fund

The fund invests internationally in bonds issued by solid companies whose overall average rating always remains in the investment grade range. In this way, an attractive increase in value can be achieved in the reference currency, the Swiss franc. Corporate bonds can generate stable additional returns over the entire economic cycle. In good times, additional credit risk premiums can be achieved over government bonds. In addition, the typical interest rate sensitivity is significantly lower thanks to the lower average maturity. In bad times, companies reduce their debt much more quickly, while governments are often forced to borrow more to support the economy.

Zugerberg Funds - ZF Income Fund A
Zugerberg Funds - ZF Income Fund B

PPF - G7 Yield Opportunities Fund

The fund invests in the 7 most liquid government bond markets and generates an attractive return. Since its launch, the fund has predominantly been rated with the respective top ratings of various analysis agencies. The investment strategy is based on a systematic approach that optimises the portfolio's roll-down yield. Attractive roll-down yields combined with disciplined risk management result in a high Sharpe ratio (= excess return per unit of volatility). The fund has a slightly negative correlation to the equity market, which makes it particularly interesting as a portfolio component.

PPF - G7 Yield Opportunities Fund (CHF)
PPF - G7 Yield Opportunities Fund (USD I)
PPF - G7 Yield Opportunities Fund (USD)

PPF - Credit Opportunities Fund

The fund is a globally investing, yield-oriented bond fund for Swiss investors. The selection of securities follows strict discipline, especially in volatile market phases. Preference is given to opportunities in the Swiss domestic market as well as in selected international bond markets. The fund focuses on issues arising from macro- and microeconomic risk assessment. Each debtor is subjected to a comprehensive overall assessment. Preference is given to exposures at the BBB/BB rating threshold. The fund does not follow any benchmark and aims for absolute, positive returns in the medium term. Attention is paid to broad diversification, with the Swiss bond market clearly overweighted.

PPF - Credit Opportunities Fund (A)
PPF - Credit Opportunities Fund (B)
PPF - Credit Opportunities Fund A EUR
PPF - Credit Opportunities Fund B EUR

Muzinich Funds (CH) – Global Short Duration Investment Grade Fund

The fund invests with a focus on investment grade corporate bonds from issuers in the US, Europe and emerging markets. The investment strategy aims to achieve an attractive return on a risk-adjusted basis. Thanks to a dynamic relative value credit analysis, special attention is paid to capital preservation and the lowest possible volatility on the one hand, and capital appreciation on the other. The fund portfolio is well diversified - across issuers, sectors and regions. Investments are made in corporate bonds with an average duration-to-worst of no more than 1.5 years. ESG considerations are an integral part of the research process, which also applies the exclusion list of Norges Bank Investment Management.

Muzinich Funds (CH) - Global Short Duration Investment Grade Fund FT EUR
Muzinich Funds (CH) - Global Short Duration Investment Grade Fund FT CHF

Zugerberg Funds - ZF Income Fund

The fund invests internationally in bonds issued by solid companies whose overall average rating always remains in the investment grade range. In this way, an attractive increase in value can be achieved in the reference currency, the Swiss franc. Corporate bonds can generate stable additional returns over the entire economic cycle. In good times, additional credit risk premiums can be achieved over government bonds. In addition, the typical interest rate sensitivity is significantly lower thanks to the lower average maturity. In bad times, companies reduce their debt much more quickly, while governments are often forced to borrow more to support the economy.

Zugerberg Funds - ZF Income Fund A
Zugerberg Funds - ZF Income Fund B

PPF - G7 Yield Opportunities Fund

The fund invests in the 7 most liquid government bond markets and generates an attractive return. Since its launch, the fund has predominantly been rated with the respective top ratings of various analysis agencies. The investment strategy is based on a systematic approach that optimises the portfolio's roll-down yield. Attractive roll-down yields combined with disciplined risk management result in a high Sharpe ratio (= excess return per unit of volatility). The fund has a slightly negative correlation to the equity market, which makes it particularly interesting as a portfolio component.

PPF - G7 Yield Opportunities Fund (CHF)
PPF - G7 Yield Opportunities Fund (USD I)
PPF - G7 Yield Opportunities Fund (USD)

All Fixed Income Funds

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