Lilux Rent amongst the top 3 winners of the Euro Fund Awards
Above-average gain in value achieved by HSH Nordbank's international fixed-income fund
Hamburg/Kiel, February 1, 2010 - Lilux Rent, the international fixed-income fund (WKN/ISIN 973677 / LU0083353978) of HSH Nordbank Private Banking S.A., Luxembourg, has again achieved a top ranking in the 2010 Euro Fund Awards given by Euro/Euro am Sonntag:
In the category comprising corporate bond funds, it ranked first on the basis of a five-year comparison and third on the basis of a one-year comparison.
Over the past twelve months, Lilux Rent has posted above-average gains of 28.2 percent. "A solid investment strategy combined with pronounced skills in international fixed-income securities and corporate bonds are the hallmarks of LiLux Rent. As a result, the fund has been amongst the best of its type for years," says Torsten Heick, head of Private Banking at HSH Nordbank AG. "We are very pleased to receive this award as it confirms the quality of our fund management," adds Bernhard Stahr, managing director of HSH Nordbank Private Banking S.A.
Lilux Rent is an international fixed-income fund, primarily investing in euros. One third of the fund's assets may be invested in the currencies of other OECD countries to optimize returns. Established in 1993, the fund as well as other members of the LiLux family have received multiple awards in the past.
The fund has been managed by Hanns Grad, the executive director of NOBIS Asset Management S.A, since it was first launched. NOBIS Asset Management S.A. is a subsidiary of HSH Nordbank Private Banking S.A.
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