Eaton Vance Management is today launching a high yield bond fund, which it says will help investors navigate the current political and macroeconomic landscape.
The Global High Yield Bond fund will invest in secured and unsecured bonds, bank loans, convertible debt, and preferred stock.
Director of high yield bond investments Michael W Weilheimer says the team aims to take advantage of market dislocations around the globe, while managing risk and focusing on downside protection for investors.
“Equity and broad fixed income markets’ returns are currently impacted by their sensitivity to policy changes and uncertain macroeconomic environments, meaning investors are on the lookout for alternatives.”
Lead portfolio manager Jeffrey D Mueller says Eaton Vance has been investing in high-yield bonds for over three decades and in non-US high yield bonds for more than a decade.
The fund’s investment strategy aims to avoid regional biases, leverage intensive credit research to help identify investment opportunities as value changes in the market, and capitalise on arbitrage opportunities created by an increasing number of multiple currency issuers.
The Ucits fund is a sub-fund of Eaton Vance International (Ireland) Funds.