Threadneedle to launch European high yield bond

Threadneedle Investments has launched a European High Yield Bond fund aimed at both retail and institutional European investors. The fund is an open-ended investment company (Oeic) denominated in euros. The initial charge is 3.75% and the annual management fee is 1.25%. The minimum initial investment is £2,000 or E2,500. The fund, which was launched on 8 March 2000, is managed by Barrie Whitman, head of Threadneedle's high yield team, together with two dedicated credit analysts. So far, the fund has raised just E7m. Whitman explained that the fund will invest mainly in below investment g...