Despite strong performance, the IMA Sterling High Yield sector has been overlooked by investors. Charles Younes, fund analyst at FE, explains why a re-evaluation is needed...
Compared to other IMA sectors, Sterling High Yield is relatively small and unknown. According to FE Analytics, the sector contains 31 funds with an average size of just £106m: a clear indication it is not currently attracting investors. Star fund managers also seem to give the area a wide berth, with many preferring the flexibility and prestige of the Strategic or Global Bond sectors. With this in mind, it is unsurprising that a search for FE Alpha Managers who manage a high yield bond fund reveals just one – Ian Spreadbury, co-manager of the Fidelity Global High Yield fund. Neverthel...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
