Fiera launches high-yield bond fund

Fiera Capital Corporation has announced the addition of the Fiera High Yield Bond Fund to its existing suite of fixed-income strategies available to institutional and private wealth investors.

Read: 4 benefits of high-yield assets

Available to accredited investors, the fund will consist of conservative high yield securities framed by strict risk control parameters. Top-down and bottom-up approaches will be combined to pursue attractive risk-adjusted returns through varying market environments. Specifically, the investable universe will consist of securities rated B and higher, and exclude all securities with a credit rating of CCC, consistent with the portfolio management team’s conservative approach to credit analysis and securities selection.

The U.S. market will be predominantly represented in the portfolio. This exposure will be hedged for currency risk.

The fund will be managed by Christopher Laurie and Derek Brown, both senior portfolio managers at Fiera.

Also read:

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Senior secured debt offers consistent yield

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The staff of Advisor.ca have been covering news for financial advisors since 1998.