Printer Friendly

Ivy partners with PineBridge on high yield fund.

BANKING AND CREDIT NEWS-May 19, 2017-Ivy partners with PineBridge on high yield fund

(C)2017 M2 COMMUNICATIONS http://www.m2.com

In its latest example of creating a partnership with a sub-adviser firm to develop a distinct product, Ivy Investment Management company (IICO) has introduced the Ivy PineBridge High Yield fund, the company said.

The fund is managed by IICO and sub-advised by PineBridge Investments, a global firm with more than USD 80bn in assets under management.

The new fund seeks to provide total return through a combination of high current income and capital appreciation, primarily by investing in a diversified portfolio of high-yield, high-risk fixed income securities from both US and foreign issuers.

PineBridge Investments is a global asset manager with experience in emerging and developed markets and investment capabilities in multi-asset, fixed income, equities and alternatives. PineBridge manages over USD 80bn, as of March 31, 2017, for a global client base that includes institutions, insurance companies and intermediaries.

Ivy Investments is a global organization recognized for inventive, actively managed investing strategies that help investors best meet their long-term goals. It is part of an organization dating to 1937, with a time-tested investment process and an authentic and demanding culture -- one that values preparedness, collaboration and accountability.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:May 19, 2017
Words:219
Previous Article:Wells Fargo introduces ApprenticeshipUSA Program for veterans.
Next Article:Verifone names new board of directors member.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters