Opportunities in high yield sector

RSA investments' Andrew tunks and fatima luis use stockpicking strategy to seek out good value stocks in a weak market

September was the worst month on record for the European high yield bond sector with the Merrill Lynch index plummeting 13%. That dramatic drop has, however, thrown up a great many opportunities for active managers in what is necessarily a stockpicker's market. Royal & SunAlliance Investments offers a range of four corporate bond offerings, three of which form a risk contimum investing primarily in sterling and Euro denominated debt. The High Income Bond fund, managed by James Foster, invests in investment grade corporate bonds. The Extra Income Bond, also managed by Foster, invests in ...