Volta Finance

LN: VTA

€248.8m market cap

€6.8 last close

Volta Finance was established in December 2006 and its investment objective is to preserve capital across the credit cycle and provide a stable income stream to its shareholders through investment in a diversified portfolio of structured finance assets providing leveraged exposure to portfolios composed of a broad range of cash-generative debt assets.

Investment summary

Volta’s NAV TR performance in recent months was influenced by weaker market sentiment towards the end of 2018, which (despite the subsequent rebound) translated into a marginal (c 1%) negative return in H119 ending on 31 January. Returns in February and March were mildly positive, bringing the ytd performance to 4.0%. Importantly, the cash flows generated by Volta’s portfolio remain strong. Moreover, AXA IM used the recent increase in market volatility to deploy the rest of Volta’s dry powder and increase its exposure to CLO equity tranches at attractive prices ahead of any potential turn in the credit cycle.

Share price graph
Price performance
%
1m
3m
12m
Actual (1.3) (0.9) (5.7)
Relative* (4.0) (1.0) (5.5)
52-week high/low €7.3/€6.6
*% relative to local index
Key management
Serge Demay Senior Portfolio Manager