Isis looks to extend remit

ian robinson's high income fund will trade in us dollar and euro-denominated debt in future

Isis is looking to extend the investment remit of its High Income fund, managed by Ian Robinson, to enable investment in US dollar and euro-denominated debt. At present, the fund invests solely in sterling-denominated investment grade bonds and Robinson said the added scope would allow him to widen his universe and get access to potentially higher yields. Currency exposure would be hedged back into sterling. The change is expected to take place before the end of the first quarter of this year and Robinson said with the differences between US and sterling deposit rates at present, the...