Scottish Widows Investment Partnership (SWIP) has launched a new European High Yield Bond fund.
The fund will be co-managed by Steve Logan, Head of European High Yield, and Lesley O’Neill, Investment Director, European High Yield.
The duo will aim to identify compelling high yield bond opportunities across the European high yield bond market to construct a portfolio which will typically hold 75 stocks.
Logan is responsible for the European High Yield bond funds which involves stock-picking and determining overall strategy.
O’Neill is an Investment Director within the European High Yield Bond Team who has responsibility for managing the European high yield portfolios and is also responsible for credit analysis of companies in the TMT and retail sectors.
Logan said that their Fixed Income business has seen some significant developments during the course of 2011 including the strengthening of our High Yield teams in both the US and Europe. The launch of this new fund adds further strength and depth to their fixed income proposition.