AXA IM to close subscale £25.9m high yield bond fund

Fund 'no longer provides value'

clock • 1 min read
James Gledhill's pan-European high yield bond fund is closing
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James Gledhill's pan-European high yield bond fund is closing

AXA IM has decided to close its Pan European High Yield Bond fund after it has shrunk to £25.9m, the asset manager has confirmed to Investment Week.

The fund, which launched in 2012, has returned 3.4% over five years, according to Morningstar data. "We felt [the fund] no longer provided value for its unitholders and therefore believe that it would...

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