Invesco launches Euro High Income fund

The fund, which has a target yield of 6%, will invest in a flexible combination of European equities and bonds to be split 50/50 at launch on May 1 2008. Read says: “We launch this fund in exciting times. While conditions since last summer have undoubtedly presented a challenge, the sharp and indiscriminate widening of credit spreads has left credit markets in a position in which they are now beginning to offer us compelling value. “The greater differentiation between the pricing of different credit risks, which we are now experiencing, is something we welcome. I believe that we have a ...