By James Thorneley Alliance Capital Management (ACM) is to launch an offshore closed-end fund that w...
By James Thorneley Alliance Capital Management (ACM) is to launch an offshore closed-end fund that will invest in European high yield corporate bonds The Dublin-domiciled ACM European Enhanced Income fund will offer a 9% yield. The portfolio, managed by Chris Wilson, will consist of around half investment grade securities and half in high yield corporate bonds. No less than 25% of total assets will be held in investment grade securities Assets will be invested predominantly in fixed income securities denominated in euros although some investments may be in other European currencies. The ...
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