Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Schroders unveils euro high yield fund

Schroders unveils euro high yield fund

Schroders has launched a European high yield bond fund for manager Konstantin Leidman.

The Schroder ISF Euro High Yield fund will invest a minimum of 70% in a portfolio of sub-investment grade bonds, mainly issued by European entities.

The fund, which will be benchmarked against the Bank of America Merrill Lynch Euro High Yield Constrained index, will be managed by Leidman, who also runs the euro high yield part of the firm’s ISF Global High Yield fund.

Leidman, who joined Schroders in August 2013 from UBS Global Asset Management, will work closely with Schroders colleagues in the US, Europe and Asia to combine top-down and bottom-up views across the macro and credit research teams.

Leidman said: ‘The European debt crisis is currently providing numerous opportunities for active investors in European high yield bonds.

‘This market has grown considerably over the last decade, and we expect this trend to continue with further growth as a result of bank deleveraging and downgrades of countries in peripheral Europe. I

‘In the low rate environment there is a strong case for an asset class that provides attractive risk-adjusted returns with a strong income generation component.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter