Aberdeen Asset Management
] has launched a U.S. high yield bond fund.
"With few higher-yielding alternatives currently available, it's no surprise that there is such a strong demand for high-yield bonds," noted Keith Bachman
Aberdeen's head of U.S. high yield, in a press release.
Bachman is running the fund together with derivatives portfolio manager Brendan Dillon
, U.S. fixed income head Christopher Gagnier
portfolio manager/analyst Edward Grant
and portfolio manager Neal Rayner
The fund's expense ratios are 110 basis points for A shares, 180 bps for C shares, 135 bps for R shares, 80 bps for Institutional shares and
85 bps for Institutional service shares. [prospectus
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