Schroders has broadened its bond fund range with what the asset manager says is the first value-focused high yield credit fund.
The Schroder ISF Global Value Credit fund, which was launched on January 18, will focus on out-of-favour market segments with the aim of providing a high total return.
It will be overseen by Konstantin Leidman, who is Citywire AAA-rated and currently oversees the Schroder ISF EURO High Yield fund.
In this new approach, Leidman will be unconstrained by a benchmark, which is designed to bolster his contrarian investment approach. He will focus on corporate bonds, financial issuers, convertibles and other securities.