Fixed Income  

Neuberger Berman adds to high yield range

Neuberger Berman adds to high yield range

Neuberger Berman has launched a global high-yield bond fund in the latest extension of its $38bn (£29bn) range of offerings in the asset class.

The Dublin-domiciled Neuberger Berman Global High Yield Bond vehicle, managed by Patrick Flynn, launched on August 4. The firm did not disclose the product’s ongoing charges.

The asset manager’s high-yield franchise already spans the US, Europe and emerging markets.

Tom Douie, the firm’s head of intermediary, Emea, said: “At Neuberger Berman we have a deeply established high yield franchise, built up over many years, as well as an extensive emerging market debt platform with over $9bn in assets under management.

“Global high yield offers an attractive income stream, which has increased in importance in recent times as investors face the reality of a yield-constrained world.”