France-based Natixis Global Asset Management has launched a new global high income bond fund to take advantage of the attractive yield offered by short-term high yield bonds.
The new Natixis Short Term Global High Yield Income fund will invest in high yield credit bonds from issuers domiciled in the OECD with an average duration of less than two years.
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Domiciled in Luxembourg, the new fund will be managed by Nolwenn Le Roux and Vincent Marioni.
Natixis said that the fund is a sub-fund of the Natixis International Funds (Lux) Ucits vehicle, and will focus on both professional and non-professional investors.
Additionally, the short-term high yield will offer lower volatility than high yield across all maturities over the long term.
The fund will offer retail and institutional share classes denominated in US dollars and euros.
According to Natixis, the fund will have 3% maximum initial fee, with a total expense ratio of 1.35% for retail and 0.65% for institutional investors.
