New Star International has launched the Dublin-based European High Yield Bond fund and has registere...
New Star International has launched the Dublin-based European High Yield Bond fund and has registered its offshore range in Switzerland. This comes after the group revealed it will have an IPO in the UK. The New Star European High Yield Bond fund is being managed by James Gledhill and has the same investment approach as the UK-based High Yield fund. Marketing director Rob Page said the fund, which aims to deliver a yield of between 5% and 5.5% a year, has accumulated £35m in assets and will be actively marketed in France, Switzerland and Spain. Gledhill said the fund will have a neutral ...
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