Swiss banking group SYZ & CO announced this week the launch of a new sub-fund, OYSTER Global High Yield, which, as its name suggests, will invest in high yield fixed income investments.
Swiss banking group SYZ & CO announced this week the launch of a new sub-fund, OYSTER Global High Yield, which, as its name suggests, will invest in high yield fixed income investments. US-based high yield specialist, Seix Investment Advisors, has been appointed as manager to the new Lux-domiciled Ucits. The firm has a track record extending back to 1997. The fund is currently available to institutional clients only although it will be shortly registered in several European and Asian jurisdictions and be freely available to retail investors like the rest of the firm’s OYSTER sub-funds. The firm said in its official press release that it believed today’s environment is particularly favourable to high yield investing, citing the recent “flight to quality” as offering investors a good opportunity to invest in this “attractive asset class”. OYSTER Global High Yield has a portfolio of between 80 and 110 issues and replicates Seix’s high yield unconstrained strategy and investment philosophy. The firm went on to say that high yield bonds have, historically, generated competitive returns compared to equities on a risk-adjusted basis without exhibiting a high level of correlation to other asset classes, thereby making them a useful portfolio diversifier.
