Insight adds Axa US Short Duration High Yield across range of multi-asset funds

Mike Pinggera, the head of Insight's multi-asset group, has added Axa's US Short Duration High Yield fund across the firm's range of portfolios.

Pinggera bought the Axa fund shortly after the onshore version launched in the UK earlier this month. The vehicle is managed by Anne Yobage, who also runs the $4.1bn (£2.8bn) Luxembourg-domiciled Sicav version of the fund, which has returned 14.77% over three years and 27.34% over five years. The Insight team says the portfolio’s focus on bonds with a duration of less than three years offers attractive income. “The high-yield space is still an attractive area not least because you are being compensated, but of course it is not without volatility,” Pinggera says. “What this short durat...