BNY Mellon launches global short-dated high-yield fund

The fund is based on an existing low-volatility strategy offered by Insight Investment, which aims to withstand widening spreads and changes in interest rates. Gerhard will use an actively managed approach to provide enhanced Libor-plus returns by investing primarily in a portfolio of short-dated high yielding bonds alongside positions in convertibles, loans, and asset-backed securities, and through selective selling of credit default swap protection. Managers expect 'once in a lifetime' returns from high yield despite market carnage The vehicle, a sub-fund of Irish-domiciled UCITS...