Natixis unveils euro high yield bond fund

French asset manager Natixis has launched a Luxembourg-domiciled euro high yield bond fund.

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The Natixis Euro High Income Fund invests in bonds with a rating below BBB or equivalent.

The fund is managed by Philippa Berthelot and Vincent Marioni, both of whom have more than 15 years of experience in fixed income investing, according to Natixis, which is the investment and financial services arm of BPCE, France’s second-largest banking group.

Hervé Guinamant, president and chief executive of Natixis Global Associates International, the distribution arm of Natixis Asset Management, said: “Investors continuously seek portfolio diversification with an attractive risk-return ratio and uncorrelated assets.

“Euro High Yield is a unique segment within the bond asset class. Average returns range well above investment grade yields against significantly higher volatility and risks. Euro High Yield bonds have also demonstrated low or negative correlation of spreads compared to other asset classes.”

The fund is available with a euro share class.

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