Royal London Asset Management (RLAM) has launched a retail offshore high-yield bond fund. The Ster...
Royal London Asset Management (RLAM) has launched a retail offshore high-yield bond fund. The Sterling Extra Yield fund offers a 7.5% gross redemption yield and can invest up to 50% of its portfolio in unrated, asset-backed bonds. RLAM head of fixed interest Jonathan Platt said having unrated bonds secured by assets means the fund can access higher-yielding paper without additional risk or expense. The fund, to be managed by Eric Holt, can also invest up to 100% in UK investment-grade bonds, up to 25% in non-UK bonds, up to 25% in convertible bonds, up to 75% in sub-investment grade bon...
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