CAAM launches high-yield bond fund

Crédit Agricole Asset Management (CAAM) has launched a new high-yield bond fund.

CA Funds Dynarbitrage High Yield combines arbitrage and directional strategies in a managed portfolio of European high-yield bonds.

High-yield bonds have low correlation with interest rate risk and moderate correlation with equities, giving investors good diversification, says CAAM. The growing number of issuers in the market adds to the potential for good performance.

“By employing arbitrage strategies, we aim to

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