Bringing you live news and features since 2006 

Patrick Flynn

Neuberger Berman launches Global High Yield Bond Fund


Neuberger Berman has extended its high yield capabilities with the addition of a global high yield bond strategy.

The new Dublin-domiciled UCITS vehicle, the Neuberger Berman Global High Yield Bond Fund, will use the resources of the group’s USD37.6 billion high yield franchise – which spans the US, European and emerging market high yield sectors.
Patrick Flynn (pictured), an experienced portfolio manager on Neuberger Berman’s USD7.8 billion High Yield Bond Fund, will lead the new strategy – in collaboration with colleagues from the US high yield team and the managers behind the group’s European high yield bond strategy and its suite of emerging market debt vehicles.
The Neuberger Berman High Yield Bond Fund recently celebrated its 10-year anniversary. It is first quartile over that time period and received a 5-star Morningstar Rating as at 31 May 2016.
Global high yield markets have grown more than 250 per cent in the past 10 years, with significant expansion coming from Europe and emerging markets. The asset class has provided a strong risk-return profile over this period, delivering ‘equity-like’ returns with lower volatility. Global high yield also offers a significant yield pick-up against other fixed income assets, particularly government bonds and investment grade credit.
“The depth and breadth of the global high yield universe has developed markedly in recent years, with investors attracted to its defensive characteristics and low correlation to other asset classes,” Flynn says.
“In our view, global high yield valuations are compensating investors for the default risk in the market. Excluding commodity sectors, credit quality across global high yield markets remains solid, which should set the scene for gradual spread tightening.”
Tom Douie, head of intermediary, EMEA at Neuberger Berman, says: “At Neuberger Berman we have a deeply established high yield franchise, built up over many years, as well as an extensive emerging market debt platform with over USD9 billion in assets under management. The launch of the Global High Yield Bond Fund, driven by demand from our clients, is a natural extension of our capabilities in this asset class. Global high yield offers an attractive income stream, which has increased in importance in recent times as investors face the reality of a yield constrained world.”
The Neuberger Berman Global High Yield Bond Fund is a sub-fund of the Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds. It launched on 4 August 2016 and is registered for sale across the UK, Europe and Asia.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by