Having raised just under $80m since its official launch in September, the managers of the Old Mutual Monthly Income High Yield Bond Fund, say it is well positioned to capitalise on continuing opportunities in the global bond market.
James Tomlins is to co-manage M&Gs £1.3bn High Yield Corporate Bond Fund.
HSBC has launched a short duration high yield bond fund focusing on provision of a total return and maintenance of a low interest rate.
Oddo and Cie has launched an open-ended European high yield corporate bond fund with dollar, euro and Swiss franc share classes.
Flows into bond funds reached 20bn across Europe in November, the second-best month since Morningstar first began collating the data in 2007.
Janus Capital has launched Global Flexible Income Fund, an Irish-domiciled Ucits vehicle investing across both investment grade and high yield credit with an emphasis on capital preservation.
Corporate credit specialist Muzinich & Co has added an income share class to its Transatlanticyield Global High Yield Bond Fund.
Swiss banking group Syz & Co has expanded its Luxembourg-domiciled Sicav range with the launch of the Oyster Global High Yield fixed income fund
