Wellington Management: Euro High Yield Bond Fund launched
Wellington Management: Euro High Yield Bond Fund launched
London, UK, July 23 2019 – Wellington Management announces that it has launched the Wellington Euro High Yield Bond Fund (the Fund). This UCITS-compliant fund seeks long-term total returns by investing primarily in below-investment-grade bonds issued worldwide in European currencies.
The Fund is managed by Konstantin Leidman, CFA, who joined Wellington in January 2019. As of July 2019, Konstantin is a Citywire A-rated portfolio manager and has been managing dedicated Euro High Yield strategies since 2007.
The Fund is actively managed against the ICE Bank of America Merrill Lynch Euro High Yield Constrained Index and seeks to take advantages of inefficiencies in the pricing of credit risk in the European high-yield market. The Fund is denominated in euros, and any non-euro-denominated exposures will be hedged back to the euro.