Insight unveils UCITS version of Short-Dated High Yield Bond fund

Insight Investment has launched a UCITS version of its Short-Dated High Yield Bond fund, managed by Ulrich Gerhard.

The strategy has been running for three years as an Irish qualified investor fund (QIF) and already holds around £200m in assets. All assets in the QIF will be transferred to the UCITS vehicle to provide access for a broader range of investors. The fund invests in short-dated sub-investment grade securities with an average maturity of 1.1 years (as of mid-June) with around 45% of assets maturing by the end of 2015. Gerhard said: "The biggest protection against the credit risk of holding high yield is short duration. Buying short-dated high yield bonds can also enable investors to c...