Neuberger Berman launches global high yield bond fund for Flynn

Asset class has grown over past decade

Neuberger Berman has launched a Global High Yield Bond fund for portfolio manager Patrick Flynn.

The Dublin-domiciled UCITS vehicle will be managed in collaboration with Neuberger's US high yield team, as well as the managers behind the group's European High Yield Bond strategy and its emerging market debt vehicles. It is a sub-fund of the company's Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds. The company said global high yield markets have grown more than 250% in the past decade, with expansion largely coming from Europe and emerging markets, leading the asset class to deliver equity-like returns with low volatility. Neuberger Berman launches hybrid...