The move brings the £471m fund in line with the £660m Aegon High Yield Bond fund, with investors in the product’s income share classes set to receive monthly dividend payments from the end of March 2024.
Both funds are co-managed by Tom Hanson and Mark Benbow, with the global product offering access to a portfolio with a net asset investment of at least 66% in high yield bonds.
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Hanson said the move had been made owing to “current market conditions”, which have boosted the need for investors to receive a regular stream of…
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