High yield

Pioneer appoints in Dublin, Lyxor and State Street Global create new roles and Mirabaud expands global high yield bond team.

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HIGH YIELD

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POPCORN

Pictet Asset Management has launched a Luxembourg-domiciled UCITS compliant fund, investing in EUR high yield short-dated bonds.

Fidelity is set to expand its multi-asset fund range with the launch of the Multi-Asset Income fund for managers Richard Skelt and Eugene Philalithis.

Skandia Investment Group (SIG) has appointed US-based DuPont Capital Management (DCM) to run the £100m mandate for its stand-alone Skandia High Yield Bond Fund.

Justin Onuekwusi, multi-asset fund manager at Aviva Investors, says high yield bonds and equities may well reward investors looking to gradually increase risk.

Aviva Investors' Justin Onuekwusi has increased his exposure to risk assets across his multi-asset portfolios in recent months, including taking his first positions in high yield debt.