RLAM launches two global high yield funds

Royal London Asset Management (RLAM) has launched two global high yield funds for head of high yield Azhar Hussain.

The Royal London High Yield and the Royal London Short Duration Global High Yield funds will be launched in the UK on 27 February, subject to regulatory approval. Both funds will be managed by head of high yield Hussain with the help of Stephen Tapley as assistant fund manager. The global high yield fund aims to beat the BoAML BB-B Global Non-Financial High Yield Constrained index by 1% per annum, while the short duration fund targets an annual return of 3 months LIBOR +2%. Hussain said: "High yield bonds have equity-like returns with lower risk, are generally less sensitive to int...