high yield

Kames Capital's Phil Milburn and Melanie Mitchell are poised to add to European holdings in their High Yield Bond fund but are waiting for two specific catalysts before taking the plunge.

Kames Capital's bond star Phil Milburn has revealed the onshore High Yield Bond fund he runs with Melanie Mitchell will be capped when it reaches £2bn.

Tatjana Greil Castro, fixed income portfolio manager at Muzinich & Co, examines which asset class is most attractive in the current market.

Aviva Investors has launched a Global Short Duration High Yield Bond fund for senior high yield portfolio manager Jeremy Hughes.

Royal London Asset Management has poached Insight's Azhar Hussain to head its Global High Yield team.

HIGH YIELD

Issuance in the US corporate bond market has reached record levels in the first quarter of 2012 as low borrowing costs and an improving economic backdrop spurred on borrowers.

The so-called ‘fear index' is increasingly serving as an indicator of future high yield bond performance, according to Dave Bowen, manager of the $3.5bn Muzinich Short Duration High Yield fund.

FIXED INCOME

The IMA £ Strategic Bond sector was more closely correlated than UK small-cap funds to the FTSE 100 last year, data has revealed.