Paris, July 21, 2025
Flornoy Ferri, the long-standing asset management company of Groupe Premium, announces the launch of FF CAP 2031, a fixed-maturity bond fund now listed by several renowned partners such as Cardif, Axa, AG2R La Mondiale, and SwissLife.
A New Vintage to Capitalize on a Transformed Bond Market Environment
Since 2022, the rise in interest rates has profoundly changed the bond landscape. After a long period of near-zero or even negative yields, the bond carry strategy has regained its full appeal: it consists of acquiring bonds with the intention of holding them until maturity to benefit from periodic coupons. In this context of once-again attractive yields, particularly on short to medium maturities, the FF CAP 2031 fund continues a management approach focused on European high-yield credit. This segment is rigorously selected to prioritize issuers deemed solid and capable of honoring their debt at maturity. The fund capitalizes coupons until maturity, thereby optimizing the valuation of the invested capital. Furthermore, to protect holders against the impact of significant flows on valuation, a swing pricing* mechanism will be implemented starting April 1, 2026. “The return of attractive yields on short to medium horizons, with a controlled risk profile, is transforming the outlook for the bond market. It is within this framework that the FF CAP range was designed to capture this opportunity,” emphasizes Teddy Dewitte, CEO of Flornoy Ferri. FF CAP 2031 thus extends the success of previous vintages FF CAP 2025, 2027, and 2029, which have cumulatively raised nearly one billion euros.
A Strategy at the Heart of Flornoy Ferri’s DNA
The launch of FF CAP 2031 strengthens an already solid bond range, which represents nearly 50% of Flornoy Ferri’s collective management assets. This fund complements a diversified offering notably composed of OMNIBOND, a flexible multi-strategy bond fund with over 585 million euros in assets; POSITIVEBOND (formerly OBLIGREEN), dedicated to green and sustainable bonds with over 100 million euros; and MONEFLOR, the in-house money market fund. A final building block will complete this range by the end of the year.
In a stable macroeconomic context marked by controlled inflation and implicit support from central banks, the bond market is once again highly attractive to investors. The launch of FF CAP 2031 illustrates Flornoy Ferri’s desire to further broaden its bond spectrum and offer solutions adapted to a rapidly evolving market. “The quality of issuers has significantly strengthened with the action of private debt funds, which siphon off the riskiest names upstream of primary issuances. This leaves a high-yield market of much higher quality than just a few years ago,” concludes Alexandre Sammut, Head of Bond Management at Flornoy Ferri.
Disclaimer:
FF CAP 2031 is a target maturity bond fund investing primarily in high-yield securities, thereby exposing holders to significant credit risk, particularly in the event of issuer default. The fund also presents a risk of capital loss, interest rate risk, liquidity risk, and risk related to geographical or sectoral concentration. The recommended investment horizon corresponds to the fund’s maturity (December 31, 2031); in the event of early exit, the investor is exposed to increased volatility and a risk of capital loss. This fund is intended for investors with a good understanding of bond markets. Before any subscription, it is imperative to carefully read the prospectus and the KID available upon request and on the FLORNOY FERRI website. Past performance of previous vintages is not indicative of the future performance of the FF CAP 2031 fund.
* Swing pricing means that those entering or exiting the fund will pay a portion of the costs to protect other investors.
