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