The New Star High Yield Bond fund, run by James Gledhill, reached its first anniversary on 14 Octobe...
The New Star High Yield Bond fund, run by James Gledhill, reached its first anniversary on 14 October and now has assets in excess of £100m. The portfolio has returned 17.91% on a total return basis, offer to offer, according to the group. As of 30 September, the fund had a gross redemption yield of 6.39%. Gledhill said gilt prices will remain under pressure now that interest rates look to be rising but higher-yielding bonds had a greater degree of protection against the effects of rising rates.
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