T. Rowe Price eyes 2023 gains with high yield bond fund launch

Global high yield fund

clock • 2 min read

T. Rowe Price has launched a global high yield bond fund in a bid to take advantage of signals that “bode well for high yield in 2023”, Investment Week can reveal.

The T. Rowe Price Global High Yield Opportunities Bond fund launched on 31 October, adding to the fund house's UK-domiciled OEIC range. According to the fund group, the launch is aimed at capitalising on the "continued worldwide expansion" of the sub-investment grade credit space. T. Rowe Price drops 'responsible' label from 26 funds The fund will invest in the US, the world's largest high yield market, but also targets a 50% weighting in credits from Europe and emerging markets. Lead portfolio manager Michael Della Vedova, who has almost three decades of investment experience, ...

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