H2O Asset Management hereby confirms that the aggregated value of non-rated corporate bonds represents less than €500m as of Monday 24th of June.
H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in compliance with UCITS regulation, thereby cutting their aggregate market value below 2% of H2O’s AuM. As a result of this mark down, triggered by the press reports that dried up market liquidity […]
Q&As on H2O’s exposure to non-rated private placements: The case for H2O Adagio, H2O Allegro & H2O MultiBonds. Please see the note below: