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Aberdeen launches US high yield bond fund

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Aberdeen Asset Management has launched the Aberdeen US High Yield Bond Fund as a continuation of the strategic initiative to deliver Aberdeen’s core investment competencies to the US retail and institutional markets.

The new fund, managed by Aberdeen’s US High Yield team, allows investors the opportunity to diversify their portfolios with access to higher-yielding alternatives available in today’s investing environment.

"With few higher-yielding alternatives currently available, it’s no surprise that there is such a strong demand for high-yield bonds," says Keith Bachman (pictured), Aberdeen’s Head of US High Yield. "Spreads are well above where we would expect them to be given the muted default outlook over the next few years, creating what we believe is an attractive entry point for investors."

Gary Marshall, Chief Executive, says: "We are pleased to provide US investors with a fund that complements Aberdeen’s existing range of fixed income capabilities with exposure to Asian, developed and emerging markets."

The objective of the Aberdeen US High Yield Bond Fund is to maximise total return through current income and capital appreciation by investing primarily in bonds of US issuers that are, at the time of investment, below investment grade. Aberdeen’s US High Yield team has managed assets in this strategy for non-US investors since 1 November, 2006.

 

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