Jupiter Merlin team adds Milburn's Kames High Yield fund

Jupiter's Merlin multi-managers have added Phil Milburn (pictured) and Melanie Mitchell's Kames High Yield Bond fund to their £3.5bn Income and £1.3bn Balanced portfolios.

The team - Jupiter CIO Chatfeild-Roberts, Peter Lawery and Algy Smith-Maxwell - added the position at the start of last month as they boosted their fixed income exposure. The Merlin Income fund held 32.4% of its portfolio in fixed income as of 29 February, spread across Ariel Bezalel's Jupiter Strategic Bond fund, Richard Woolnough's M&G Corporate Bond fund, Peter Geikie-Cobb and Paul Thursby's Thames River Global Bond fund and the Threadneedle Emerging Markets Bond fund, now managed by Henry Stipp. As of the end of last month that had risen to 33.7%, including the newly added Kames f...