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US firm rolls out fixed income range for UK investors

by Elsa Buchanan on May 19, 2014 at 07:20

The third fund, which will be managed by Steven Rocco, will be a mirror of the Lord Abbett High Yield fund, which delivered 7.2% over 12 months, compared to the BofA Merrill Lynch High Yield Master II Constrained Index's 6.29% rise.

Over three years, the fund also outperformed the benchmark, returning 8.87% versus 8.39%.

At end of April the investment house had approximately $139 billion in assets under management, of which $92 billion were in its fixed income strategies.

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