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XAIA Credit Basis (I)

Ranked 17 out of 85 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Jochen Felsenheimer

Dr. Jochen Felsenheimer is a managing director at XAIA Investment GmbH. He holds a PhD in Macroeconomics, and is the author of several published books and research articles focusing on credit derivatives, as well as credit markets and topics concerning Macroeconomics. Prior to co-founding XAIA Investment he co-founded the Credit Department at Assenagon in 2009, and previously served as the head of global Credit Strategy Research at UniCredit Group.

Wolfgang Klopfer

Dr. Wolfgang Klopfer studied mathematics, physics and information sciences at the Technical University of Munich where he also earned his PhD in mathematics. He is the chief executive officer of XAIA Investment GmbH having co-founded the credit department at Assenagon. He also spent 11 years at UniCredit Group holding various senior trading positions - lastly as divisional head of Proprietary Trading.


The fund aims to achieve a significant excess returns to the 3-month Euribor (Euro Interbank Offered Rate). The fund uses price differences between bonds and credit default swaps (credit default swaps, CDS) to identical debtor. The aim is to largely neutralize the company resulting from the bond credit risk through CDS. Interest rate and currency risks are largely hedged through appropriate hedging instruments.

Showing fund performance in Guernsey View performance globally


Bond Strategies over : 31/08/2017 - 31/08/2018
  • Rank 17/85 Total Return
  • Rank 8/85 Standard Deviation
  • Rank 8/85 Max Drawdown
Fund Name Currency Return
15 Renta 4 Valor Relativo R, FI EUR


16 Janus Henderson Credit Alpha Y Acc EUR Hedged

Currency exposure is hedged

Currency exposure is hedged



17 XAIA Credit Basis (I) EUR


18 Legg Mason Brandywine Global Cr Opps A EUR Acc Hdg

Currency exposure is hedged

Currency exposure is hedged



19 Danske Invest Neutral Kasvu EUR


Fund Name Currency Loss
6 KCD-Mikrofinanzfonds - III EUR


7 Bel Air Product Strategy Dynamic USD C EUR Cap

Currency exposure is hedged

Currency exposure is hedged



8 XAIA Credit Basis (I) EUR


9 Kames Absolute Return Bond Cons C Acc EUR

Currency exposure is hedged

Currency exposure is hedged



10 BNP Paribas ABS Europe IG I EUR


Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 0.6% -0.5%
2017 0.6% 0.4% -0.2% 0.3% 0.1%
2016 1.5% -0.4% 0.4% 0.6% 0.9%
2015 1.7% 0.8% 1.0% 0.3% -0.4%
2014 3.5% 1.1% 1.0% 0.9% 0.4%
2013 4.6% 1.7% 1.2% 1.0% 0.7%
2012 5.3% 0.9% 1.1% 1.4% 1.9%
2011 3.1% 1.4% 1.3% 0.5% -0.1%
2010 7.8% 2.9% 2.5% 1.3% 0.9%
2009 4.7% 2.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Germany
  3. Luxembourg

Fund Info

  • Launch date22/04/2009
  • Share Class size269Mn
  • Base currencyEUR
  • ISIN LU0418282934

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0


  • Annual management0.60%
  • Initial investment0.00%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).