Aviva expands high yield team
Aviva investors has further expanded Todd Youngberg’s high yield team with London-based portfolio manager Sunita Kara.
Aviva investors has further expanded Todd Youngberg’s high yield team with London-based portfolio manager Sunita Kara.
HSBC has launched a short duration high yield bond fund focusing on provision of a total return and maintenance of a low interest rate.
Aviva Investors has launched an Asian High Yield Bond Fund aimed at investors looking to diversify their fixed income holdings and to generate higher average returns.
Insight Investment has launched a Ucits version of its Short-Dated High Yield Bond Fund in a bid to make the vehicle accessible to a broader range of investors.
Fatima Luis has joined Mirabaud Asset Management as a senior high yield specialist as part of the on-going expansion of its asset management team.
Newton Asset Management has expanded its global fixed income team with the hire of high yield specialist Khuram Sharih.
M&G has appointed global fixed income specialist Andrius Isciukas to its retail fixed income team where he will work across high yield and investment grade products.
Oddo and Cie has launched an open-ended European high yield corporate bond fund with dollar, euro and Swiss franc share classes.
The Pimco Short-Term High Yield Corporate Bond Index Source ETF is now listed on the London Stock Exchange (LSE) in sterling for the first time.
Industry experts reacted with horror to S&P Capital IQ claims that European high yield bond default rates could reach 32% in 2013, a figure which is estimated to be around twice the highest default rate on record.
European high yield bonds have remained popular in the first few months of the year despite yields declining by an average 5% during 2012 and the risk of default rising substantially, research from S&P Capital IQ shows.
Emerging market debt and liquid assets are the order of the day for Legg Mason’s Global Multi Strategy Bond Fund as the manager prepares for a volatile 2013 in credit markets.