Schroders launches European high yield fund

Schroders has launched the offshore ISF EURO High Yield fund for Konstantin Leidman.

The fund invests a minimum of 70% in a portfolio of bonds rated below investment grade, mainly from European issuers. It is benchmarked against the Bank of America Merrill Lynch Euro High Yield Constrained index. Konstantin, who currently manages the euro high yield component of Schroder ISF Global High Yield, joined Schroders in August 2012 from UBS Global Asset Management, where he was the portfolio manager of its euro high yield fund. He will work closely with colleagues in the US, Europe and Asia to integrate top-down and bottom-up views from the strong macro and credit research t...