The global bond fund manager at Schroders Warren Hyland will coordinate management of the fund.
The fund seeks to achieve the income objective by allocating assets between the three broad high yield fixed income sectors as well as using active currency management.
Hyland will be supported by Schroders’ fixed income team, including a global network of 25 credit analysts and 30 specialized portfolio managers.
Schroders global head of Fixed Income Karl Dasher said this fund combines the expertise of more than two dozen credit research professionals in Asia, Europe and the Americas; specialist high yield credit portfolio managers experienced in navigating credit cycles; and emerging market specialists who understand the investment terrain within those markets.
Hyland said the goal is to offer investors a high income outcome together with diversification benefits while minimizing any permanent loss of capital.
