He works alongside Paul Causer and Paul Read who remain the lead portfolio managers of the trust.
Davies covers a number of key industries for the trust, including automotives, gaming, chemicals and healthcare. He began his investment career at the firm, joining the product support team initially before transferring to the fixed interest team in 2003.
The trust has seen a cumulative performance of 27.2% compared to the IMA global high income benchmark index, which saw -5.9% in the same period, according to FE Analytics.