Artemis has hired high yield analyst Haris Papadopoulos (pictured) as part of the fixed income team, to work alongside Jack Holmes and David Ennett.
Papadopoulos gained seven years of experience at Bank of America, where he became the high yield analyst vice president after beginning as a global research summer analyst in 2017.
Holmes said: “We were very pleased to attract someone of Haris’ quality to work alongside us. We believe the high yield market continues to offer investors very attractive opportunities from a bottom-up, credit-by-credit perspective.”
See also: Artemis bolsters global income team with analyst hire
Artemis now operates as a fixed income team of eight, led by Stephen Snowden. The group has two high yield strategies which began in 2019, including the Artemis Funds (Lux) Global High Yield fund and Artemis Funds (Lux) Short-Dated Global High Yield Bond fund.
The short-dated bond fund has returned 17.8% in the past three years, relative to a sector average 8.9%.
“Jack and I have long believed the best approach in the high yield markets comes from strong credit analysis away from the bigger issues that make up the largest proportion of indices and benchmark-focused funds,” Ennett said.
“High yield continues to offer real diversification and alpha generation opportunities in a period when we are seeing many Western central banks cutting rates.”
