Man launches high-yield fund

high-yield fundMan GLG has launched a global unconstrained high-yield Ucits fund which aims to deliver high income and total returns.

The Man GLG High-Yield Opportunities Fund will use a strategy that combines bottom-up fundamental credit selection with top-down thematic investment analysis.

The credit selection of the fund will form the focal point of the investment process with the thematic analysis helping shape overall portfolio allocations.

The fund will be managed by Mike Scott, who joined Man GLG from Schroders at the end of 2018, and will take a regional and sector-agnostic approach to selecting securities, typically holding 60-80 positions within the portfolio.

Scott said: “Given the starting point for the asset class coupled with a highly conducive macro back drop of sluggish growth and low inflation, I think there is the potential for a solidly positive year, particularly from the pan-European high yield market.”

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