New fund managers for Rorento and Lux-o-rente
As per 1 January, 2011, Kommer van Trigt will become fund manager of Rorento. Rorento is one of Robeco’s flagship global fixed income funds with a total size of EUR 1.9 billion. Rorento is one of the oldest bond funds in Europe and has achieved an average annual return of 7.9% since inception in 1974.
As Rorento’s next fund manager, Kommer van Trigt will focus on top down (fixed income) asset allocation. Allocations to categories like high yield and emerging markets can be interesting to realize attractive overall returns. In today’s low yield environment, flexibility tot limit exposure to market segments with small upside potential is important to preserve capital. Existing conventional bond indices have come under discussion as countries with the largest outstanding debt have the largest weight in these indices. Going forward the benchmark will lose importance.
Kommer van Trigt will take over the position of fund manager of Rorento from Edith Siermann. Edith Siermann is CIO Fixed Income and Chairman of the Board of Directors of Rorento. The reason for this move is that the management of fixed income allocation strategies, covering all major sectors of the bond market, is being centralized and headed by Kommer van Trigt.
As per 1 January, 2011, Olaf Penninga will take over the position of fund manager of Robeco Lux-o-Rente from Kommer van Trigt. Olaf Penninga is currently the fund manager of Robeco Flex-o-rente. Lux-o-rente and Flex-o-rente are twin-funds, and apply the same quantitative duration strategy.