Eaton Vance launches bonds-to-loans fixed income fund

Loan_applicationEaton Vance Management has launched a global high yield bond fund that will invest in instruments ranging from bonds to bank loans.

The US asset manager has launched the Ireland-domciled Ucits fund through its Eaton Vance Management (International) business.

The investable universe of the fund, which is called Eaton Vance International (Ireland) Global High Yield Bond Fund, includes secured and unsecured bonds, bank loans, convertible debt, and preferred stock.

Michael W. Weilheimer, director of high yield bond investments at the firm, said: “Equity and broad fixed income markets’ returns are currently impacted by their sensitivity to policy changes and uncertain macroeconomic environments, meaning investors are on the lookout for alternatives.”

The fund’s investment strategy aims to avoid regional biases and also to capitalise on arbitrage opportunities created by an increasing number of multiple currency issuers, the firm said.

The fund is a sub-fund of Eaton Vance International (Ireland) Funds Plc and will seek registration in Germany and Switzerland, alongside other countries where the fund is already approved, including the Netherlands, Spain and the UK.

©2017 funds europe

Sponsored Profiles

SPONSORED FEATURE: Smarter than beta

Jun 14, 2017

‘Smart beta’ investing is rapidly becoming a popular alternative to both conventional passive management and traditional active management.

SPONSORED FEATURE: Smart beta: Unlocking key drivers of return

Jun 14, 2017

Manuela Sperandeo, iShares Head of Specialist Sales EMEA, tells Funds Europe how investors can leverage smart beta strategies to target numerous outcomes.

SPONSORED FEATURE: Minimum variance indices: Rewriting the rules

Jun 14, 2017

The FTSE Russell indices tracked by lyxor lead to fewer specific risks, fewer valuation and crowding issues and more consistent performance.

SPONSORED FEATURE: The reflationary environment

Jun 06, 2017

Funds Europe talks to Andreas Wosol about the implications of a return to reflation and why the value part of the European equity market could support investors in such an environment.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables & Panels

TRENDING: Smart beta indices continue onward march

Jun 14, 2017

We asked five investment experts how smart beta indices have performed against cap-weighted indices over the past year and what the investment outlook suggests about the prospect for different investment factors.

SMART MONEY: Following the smart money

Jun 14, 2017

We asked six investment professionals about the emphasis they are placing on smart beta and active ETFs and how platforms are adopting these products.