high yield

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To be listed on London Stock Exchange

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Recognise boutiques and passive investing

Fund seeded with $21m

Rhys Davies, fixed interest deputy fund manager at Invesco Perpetual and manager of the City Merchants High Yield investment trust, explores what the recent rise in yields in the high yield market means for investors.

In the second of a two-part series, Investment Week asks managers for their views on high yield following the sector sell-off in Q3 and how they are gaining exposure.

A wave of risk aversion hit high yield bonds in Q3. Here, fund managers give their views on the sector after the sell-off and where the sweet spots now lie for investors.

List includes a number of overseas trusts

Managers of bond funds have a reputation for being gloomy. Perhaps that is the price we pay for our repeated warnings about inflation, defaults and currency debasement, writes Artemis' James Foster.