Henderson to launch Euro High Yield Bond fund

Henderson is launching a European high yield bond fund for fixed income duo Stephen Thariyan and Chris Bullock.

The offshore Henderson Horizon Euro High Yield Bond fund is set to come to market in the fourth quarter of this year. The euro-denominated fund will be structured as a sophisticated UCITS product, and will aim to provide a high overall yield and potential for capital growth. It will invest at least 70% of its net assets in sub investment grade corporate debt securities with a credit rating equivalent to BB or lower, denominated in euros or sterling. Thariyan (pictured) and Bullock also run the €680m Henderson Horizon Euro Corporate Bond fund. Thariyan, head of credit, said: “Our...