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Royal London Short Duration Global High Yield Bond Class M - Accumulation (GBP)

Sell:107.21p Buy:107.21p Change: 0.05p (0.05%)
Prices as at 13 November 2019
Sell:107.21p
Buy:107.21p
Change: 0.05p (0.05%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 13 November 2019
Sell:107.21p
Buy:107.21p
Change: 0.05p (0.05%)
Prices as at 13 November 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on our Wealth 50 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Our view on the sector

The yields on offer from high-yield bonds have proven attractive in a low interest rate environment. They now offer less value than they once did. But we still think there are attractive opportunities for those prepared to look. Funds in this sector invest mainly in 'high yield' or 'non-investment grade' bonds. These are issued by companies thought to be less able to pay off their debts so they offer higher yields to compensate for the extra risk. High-yield bonds have tended to perform better when economic growth is strong because companies generally find it easier to pay their debts. But they are riskier and sometimes perform more like shares than investment grade bonds. Funds in this sector could be a good addition to a diversified portfolio invested to generate income.

Performance Analysis

Performance analysis for this fund is not available.

Investment Philosophy

Investment philosophy for this fund is not available.

Process and Portfolio Construction

Process and portfolio construction for this fund are not available.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

14/11/14 to 14/11/15 14/11/15 to 14/11/16 14/11/16 to 14/11/17 14/11/17 to 14/11/18 14/11/18 to 14/11/19
Annual return n/a n/a n/a 1.64% 3.60%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Royal London Asset Management (RLAM) is part of the Royal London Group and was established in 1988. The acquisitions of Scottish Life In 2001, and Scottish Provident and Phoenix Life Assurance in 2008 boosted the assets under management at the group, and it now looks after a diverse range of assets including fixed income, equities, cash and property. RLAM offers a wide choice of funds for investors. The company's forte is in the provision of income portfolios and its philosophy is that all well-diversified portfolios should include an element of income.

Information about the fund

Fund manager biography

Manager Name: Stephen Tapley
Manager start date: 15 February 2013
Manager located in: London

Stephen Tapley joined RLAM in September 2012 from Scottish Widows Investment Partnership (SWIP), where he was a high yield analyst focusing on the European market and covering the chemicals, paper & packaging, healthcare and heavy industrials sectors. His research role included credit and liquidity modelling, and idea generation. Prior to SWIP he spent five years as an investment analyst at Gulf International Bank UK, where he focused on European high yield credit and specialised on event-driven idea generation for a range of long only and hedge fund strategies. A CFA Charterholder, Stephen holds a BEng in Mechatronic Engineering and an MSc in Financial & Industrial Mathematics, both from Dublin City University.

Manager Name: Azhar Hussain
Manager start date: 15 February 2013
Manager located in: London

Azhar Hussain joined RLAM in May 2012 from Insight Investment Management, where he was Head of High Yield and Leveraged Loans, and the manager of a number of high yield credit funds. Prior to Insight, he worked at Gulf International Bank (GIB) in London, specialising in global high yield. He joined GIB in 2001 as an analyst, before assuming his first portfolio management role two years later and subsequently establishing a high yield team. He began his career at Deloitte & Touche in 1996, where he qualified as a Chartered Accountant. Azhar has a BA in Economics and Law from the University of London (School of Oriental & African Studies).

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account