We are delighted to announce Serge Demay, the Head of CLO Investments, AXA IM, and manager of Volta Finance, will be giving a live presentation and Q&A webinar on Hardman Talks. The webinar will be held at 3.00pm on Thursday 9 June 2022 as a virtual event on Zoom. Sign up now for your place.
During the presentation, we look forward to hearing Serge’s views as the market enters into more volatile conditions with potentially higher spreads and some defaults. Serge will be sharing his thoughts on not only the risks present at this time but the opportunities that lie within it, too.
Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its shareholders through dividends that it expects to distribute on a quarterly basis.
Volta seeks to attain these objectives through investment in a diversified portfolio of structured finance assets, predominantly CLOs. Volta’s approach to investment is through vehicles and arrangements that essentially provide leveraged exposure to portfolios of underlying assets including corporate credit, residential and commercial mortgages, auto and student loans, credit card and lease receivables. The manager is AXA IM, a multi-expert asset management company within the AXA Group; a global leader in financial protection and wealth management, which has a team of experts concentrating on the structured finance markets. The Company’s ordinary shares are listed on the Euronext Amsterdam Stock Exchange (“Euronext Amsterdam” website) and the premium segment of the London Stock Exchange’s Main Market where it has both a euro and sterling listing. Since inception, the fund has delivered 8.6% CAGR total return to shareholders.
As highlighted in our recent reports such as ‘What Volta brings to investors’ (i) Volta has given investors relatively high total returns; ii) it provides a higher ongoing income (and we briefly summarise recent reports on cash generation and strong dividend cover); and iii) Volta is uncorrelated to benchmark bonds, an alternative asset class that investors may have considered for income. While Volta’s CLO investments may not be to every investor’s taste, and there are risks (Volta marks to market, which is not adopted by all peers), these three traits are noteworthy.
Volta Finance is a closed-ended, limited liability investment company that aims to provide a steady stream of quarterly dividends pursuing exposure predominantly to Collateralised Loan Obligations (CLOs) and similar asset classes.
Read our latest report on Volta Finance here.