Newton high yield bias

By Jenne Mannion The £103.5m Newton High Yield Bond Fund is increasing its exposure to higher yielding corporate bonds, particularly within continental Europe The fund was launched in November 1997 and since that date has been managed by Helena Morrissey. At the end of its first month, the fund had around 5% in high yield issues, with five issuers represented. There is now 23% in high yield, spread between 20 issuers. The fund is invested predominantly in the UK market, however there is now a 10% allocation within continental Europe She said that the increased exposure toward high yield ...