Five Year Performer: Investec Monthly High Income's Roane

The high yield market has been well supported by investors hungry for yield, but its popularity may wane if the current risk aversion continues. For Kieran Roane, manager of the Investec Monthly High Income fund, it will be a validation of the cautious stance he has taken over recent months on the back of concerns over the high oil price and European sovereign debt. The defensive positioning of the fund has hurt performance relative to the wider Sterling High Yield Bond sector over the short term, but performance still stacks up well over the longer term. The fund has delivered 28.5% ove...