T. Rowe Price has added a European High Yield Bond strategy to its fixed income range, managed by Mike Della Vedova.
The portfolio invests in corporate debt issues by sub-investment grade companies in European currencies, focusing on bonds from issuers rated BB and B. The manager will also be able to buy lower quality bonds where he sees attractive opportunities. The main investment universe is determined by issue currency rather than country of domicile, the group said. European High Yield Bond is available to investors via a separate account and T. Rowe Price’s Luxembourg-domiciled SICAV range. The new strategy is the second addition to the groups fixed income offering in EMEA and Asia this year. ...
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