John pattullo to run fund with ability to switch between broad range of instruments
Henderson Global Investors is to broaden the remit on its European High Yield Bond fund to invest on a global basis across a wider range of instruments. The group is currently writing to shareholders in the £47.6m fund with the proposed changes, with the aim of converting the fund in November and renaming it Strategic High Yield. Manager John Pattullo said should the change go through, the portfolio would still look to maintain a 50% exposure to Europe. Henderson does not believe there is sufficient diversification by name, industry sector or credit rating within the European market alone...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes