Bank of China Hong Kong Asset Management is believed to have moved a USD165m, high-yield bond fund
to Luxembourg from the Cayman Islands and has entered into a deal with Citigroup Inc to distribute the fund through the US bank's platforms.
A popular offshore high-yield bond fund
, for instance, reached a scale of only NT$400 billion (US$12.
Analysts say that the average high-yield bond fund
has just over 8% in bonds rated below B, making the Dreyfus fund quite risky.
The Wells Fargo Advantage Income Opportunities Fund is a closed-end high-yield bond fund
13 /PRNewswire/ -- High-yield bonds could see better returns than other fixed income asset classes in 2004, though not as strong as 2003's 10-year magnitude rally, according to Pax World High-Yield Bond Fund
(PAXHX) manager Diane Keefe.
12 /PRNewswire/ -- Pax World High-Yield Bond Fund
(PAXHX) manager Diane Keefe will discuss her expectations for junk bonds in 2004, during a live, two-way telephone-based media briefing (with Q&A) at 1:30 p.
According to Standard & Poor's, high-yield bond fund
performance has been aided by the low interest rate environment in 2003, investors continuing to remain cautious with respect to equity investments, and the lower number of corporate defaults.
NEW YORK -- NEW YORK, April 7 /PRNewswire/ -- The strong "junk" bond performance during the first quarter of 2003 and the outlook for the balance of the year will be the focus of comments by Pax World High-Yield Bond Fund
manager Diane Keefe during a live, two-way phone-based media briefing (with Q&A) at 1:30 p.
economy starts to recover and political issues abroad begin to subside, the high-yield bond fund
market should see strong performance over the next few years.
TOLEDO, Ohio -- Harbor Fund today announced the addition, effective December 1, of Harbor High-Yield Bond Fund
to its lineup of no-load mutual funds.
The Lindner family of funds presently includes its Large-Cap Fund, Asset Allocation Fund, Utility Fund, Small-Cap Fund, Market Neutral Fund (formerly the "Bulwark Fund"), International Fund, High-Yield Bond Fund
, and Government Money Market Fund.
These portfolios, which constitute the NWNL Northstar Series Trust, include: a high-yield bond fund
and a multi- sector/strategic income fund, each providing investors with high current income; and an income and growth fund, providing investors with a balance of a steady income stream and the opportunity for long-term capital appreciation.