Managed by Aberdeen’s US High Yield team, the fund offers investors with an opportunity to diversify their portfolios and provides access to higher-yielding alternatives available in today’s investing environment, said the firm.
Aberdeen US High Yield head Keith Bachman said that with few higher-yielding alternatives currently available, it’s no surprise that there is such a strong demand for high-yield bonds.
"Spreads are well above where we would expect them to be given the muted default outlook over the next few years, creating what we believe is an attractive entry point for investors," Bachman said.
Acording to the asset management firm, the purpose of the Aberdeen US High Yield Bond Fund is to maximize total return through current income and capital appreciation by investing primarily in bonds of US issuers.
Aberdeen Asset Management operates from 30 offices in 23 countries and it invests on behalf of institutional and wholesale clients, primarily in equities, fixed income, alternative investment strategies and property.
As of 31 December 2011, the group manages more than $270.3bn of assets for both institutions and private individuals.
