Geneva-based Union Bancaire Privee (UBP) has expanded its fixed income range by launching a US high yield strategy.

The vehicle integrates top-down macro allocation with bottom-up fundamental analysis, and uses credit default swaps to offer liquid exposure to the US high yield market, UBP said.

UBP co-CEO of asset management Nicolas Faller said: "This launch reflects the significant demand we have seen from clients for exposure to US high yield assets via highly liquid strategies."

UBP co-CEO of asset management Michael Lok added: “This launch builds on the success of our Global & Absolute Return Fixed Income team in delivering outperformance to clients.

“We feel our macro-based, liquidity-driven approach is ideally suited to the US high yield market and we believe the new strategy will provide a valuable tool for investors as part of their wider asset allocation considerations."