high yield

Legal & General Investments' Richard Hodges has fled to cash and trimmed high yield in a move to protect his £1.8bn Dynamic Bond trust against Lehman-like market conditions.

Aberdeen has appointed Henderson Extra Monthly Income Bond fund manager Ben Pakenham to help manage its range of high yield portfolios.

The largest investment trust to enter the market this year, the $507m Neuberger Berman Global Floating Rate Income fund, has implemented a redemption trigger that will buy back shares at close to net asset value if the company moves onto a wide discount....

High yield bonds will return 7%-8% in 2011, according to Ian Edmonds of Legg Mason, driven by a surge in M&A and falling default rates.

TEN REASONS TO BUY HIGH YIELD

THE BEST VS THE REST IN FIXED INCOME

J.P. Morgan's Nick Gartside is preparing to add to high-yield bonds if the asset class sees a short-term correction, in the expectation it could return 7%-10% this year.

Former head of high yield at Gartmore, Kam Tugnait, has joined European sub-investment grade credit fund managers Babson Capital Europe as a managing director.

Natixis has opened its high yield-focused Euro High Income fund to UK retail investors.

Head of European high yield at Aberdeen believes low interest rate climate makes income from high-yield bonds more attractive to investors