The Ascentric wrap platform saw £1.19bn of sales in the first half of the year, compared to £1.16bn at the same time last year.
The US high-yield default rate rose to 1.92 per cent in July from 1.89 per cent at the end of June.
Parent company Prudential attributed the shift to a lack of appetite for fixed income funds.
Europe is a “better risk to take” and will continue to be a good investment to follow in the coming months.
The two new funds will both seek to pay semi-annual dividends.
Assets to avoid, and pile into, when US raises rates.
The fixed income giant has seen a 39 per cent decrease in assets since the start of last year.
For fund managers wanting to take equity risk off the table, their options are limited.
Northfield Strategic Advisors will provide investment commentary and asset allocation services to fund groups and networks.
Experts say Greece is likely to stay in the eurozone, adding the Greek crisis is not a financial markets crisis.
Long/short fund designed to take advantage of credit market volatility and interest rate rises.
With the bond market experiencing high volatility, fund managers wonder what is next for the asset class.
A survey by Bank of America Merril Lynch found 42 per cent of fund managers predict Greece could default without exiting the eurozone.
The asset manager has hired Omar Saeed to run the trust.
The news comes as Morningstar reveals Pimco outflows were worse than expected.
The funds replace the £2bn Kames Absolute Return Bond Fund, closed for capacity constraints.
The bank put the mistake down to “clerical error”.
The Janus Global Unconstrained Bond fund saw a 2.7 per cent drop.
Pimco has been toppled as the world’s largest bond fund.
The news follows the announcement of fund manager Stewart Cowley’s departure.
Psigma’s Tom Becket urges cautious investors to reassess their traditional concept of risk.
Only 8 of 33 European markets show net outflows of long-term funds.
The unconstrained bond fund continues to see outflows after Bill Gross’ departure.
Russ Oxley and his team have joined OMGI.
The manager of the M&G fund is one of the highest-paid finance execs.
The launch is alongside ETF Securities.
The central bank thinktank cautions on how markets would react to another crisis.
Baring Asset Management has unveiled a strategic bond fund managed by head of global aggregate Guy Dunham and fixed income investment manager Richard Balfour.
Are pensioner bonds behind the £1.3bn fall in January retail fund flows?
Asad Bhatti has been appointed deputy fund manager of the Invesco Perpetual High Yield Fund where he will join the group’s co-heads of fixed interest, Paul Causer and Paul Read in the management of the portfolio.
Aviva Investors’ systems were open to abuse by traders, regulator finds.
Global assets are due a “recalibration of value” when the US Federal Reserve starts to increase interest rates, the FP Tellsons Endeavour team says.
The energy shock has punished US high yield, but there are opportunities in European high yield on for investors unperturbed by volatility, T Rowe Price’s Michael Della Vedova says.
JP Morgan Income Opportunity fund manager Bill Eigen has plunged into high yield and Venezuelan debt on overdone oil price fears.
Kames Capital plans to launch a second absolute return government bond fund after its first became too large to market.
A 10-year loan to the UK government now just yielding 1.4 per cent, per annum.
Secured Energy Bonds, launched in 2013 with promises of 6.5 per cent interest payments, has fallen into administration.
JP Morgan Asset Management has launched a UK version of its $407.1m Global Bond Opportunities Sicav to counter “intellectually incoherent” conventional fixed income investing.
Investment Association statistics show record sales of trackers, while UK Equity Income was the top seller driven by flows into Neil Woodford’s fund.
Threadneedle high yield bond portfolio manager Jeffrey Mueller is moving to the London officer of US manager Eaton Vance.