By Kira Nickerson Scottish Widows' frA rated High Income bond fund is looking to increase its weigh...
By Kira Nickerson Scottish Widows' frA rated High Income bond fund is looking to increase its weighting in sub investment grade US bonds despite negative sentiment and a rising default rate. The fund, which has £220m in retail assets and launched little more than a year ago, currently holds some 68% in high yield bonds but the managers are looking to increase this to between 70 and 77% in the New Year. While the high yield sector in the US market has looked unattractive as of late due to an increase in the number of defaults, the managers of the fund, US bond specialists MacKay Shields, ...
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