Neuberger Berman launches global high-yield fund
Neuberger Berman is to access the US, Europe and emerging markets with a Dublin-domiciled Global High Yield Bond Fund, headed by Patrick Flynn.
Neuberger Berman is to access the US, Europe and emerging markets with a Dublin-domiciled Global High Yield Bond Fund, headed by Patrick Flynn.
Asset managers believe that the country’s bond defaults are a concern, but stopped short of saying they would spread outside the energy-related sectors.
Malta-based Integrated Capabilities has launched a new Qrops product specifically designed to allow savers to invest in the offshore bond market.
Axa Investment Managers has launched an inflation-focused, short duration bond fund
Global bond markets continue to see strong inflows, despite broad swathes of them now being in negative territory.
Some of Schroders best known fund managers have picked out what they see as the biggest concerns for investors in the near term.
European investors have been selling out of equities this year and have piled into credit instead. Net monthly inflows into corporate bond funds and ETFs reached an all-time record in April, according to Morningstar data.
The ‘go anywhere’ approach of strategic bond funds has been a big hit with investors in recent years and big calls across the fixed-income spectrum are now having a huge influence on returns.
The firm sees improvement in the risk-reward balance for sovereign and investment grade corporate bonds in emerging markets.
The current credit cycle may be reaching a turning point and, notwithstanding fears that US Federal Reserve rate hikes look almost certain, now is the time to buy high yield credit and particularly from Asian issuers, says Teresa Kong, portfolio manager at Matthews Asia.
Corporate bond issuers in Singapore will find it easier and cheaper to tap into the retail market after the country’s monetary authority (MAS) introduced two new regulations that will open up corporate bond offerings to retail investors.
Saudi Arabia is poised to tap the international loan market for the first time to raise $10bn (£7bn, €8.8bn) to help fill a huge budget deficit caused by the dramatic fall in oil prices, and may also issue a debut global bond, according to bankers cited in several media reports.