muzinich income option to high yield bond fund

Corporate credit specialist Muzinich & Co has added an income share class to its Transatlanticyield Global High Yield Bond Fund.

muzinich income option to high yield bond fund


The new option has been added to the Muzinich Transatlanticyield Global High Yield Bond Fund that will now be able to make six-monthly income payments.

It offers a retail share class with a minimum investment of £100,000 and, on demand, an institutional version with a lower charging structure alongside a minimum investment of £1m.

Joshua Hughes, the company’s institutional sales director, commented: “In the current low-growth environment, yield is becoming increasingly important. However, it is harder to come by from traditional sources such as equity income stocks, government and investment grade bonds.

“High yield is transitioning from an asset class that has historically been viewed as a tactical allocation to more of a long-term holding within diversified portfolios.”

The Irish-domiciled Ucits fund will retain all other existing characteristics and will continue to be run by managers Bryan Petermann and Clinton Comeaux.

Its current geographical allocation is 85% in the US.

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