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Artemis announces that it launched in Luxembourg the first fund for its new fixed income managers, who recently joined the firm from Kames.
The objective of the Artemis Short-Dated Global High Yield Bond fund is to deliver returns in excess of cash over rolling three-year periods. The managers are David Ennett and Stephen Baines (photographs attached), with support from Juan Valenzuela and, in due course, Jack Holmes and Stephen Snowden.
Commenting, co-manager David Ennett said: "While areas of the fixed income market offer yields below inflation, short maturity high yield corporate bonds are the mainstay of this new fund. They provide yields which normally exceed inflation. Short-maturity BB- and B-rated corporate bonds, an important part of the fund...
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