MoneyAM Fund Centre

Quick Stats

Fund Objective

The Fund aims to provide income. It looks to outperform the ICE BofA European Currency High Yield Excluding Subordinated Financials Constrained (Hedged to Sterling) Index over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least two-thirds of its assets in bonds issued by companies worldwide that are denominated in euros (EUR) or sterling (GBP) and rated below investment grade. The Fund may invest to a lesser extent in bonds denominated in currencies other than euro and sterling, bonds of other credit quality (as well as unrated bonds) and bonds issued by governments and quasi-government entities. Non-sterling bonds are typically hedged into sterling. The Fund may also invest in other assets such as cash and deposits, and hold other funds (including funds managed by Columbia Threadneedle companies) when deemed appropriate. The ICE BofA European Currency High Yield Excluding Subordinated Constrained Financials (Hedged to Sterling) Index is regarded as an appropriate performance measure of euro and sterling-denominated below investment grade bonds, issued by a broad range of companies. It provides a suitable target benchmark against which Fund performance will be measured and evaluated over time.

Fund Managers

Roman Gaiser

Roman Gaiser is the Head of High Yield, EMEA, with responsibility for our high yield fixed income team in London. He manages the Threadneedle High Yield Bond, European High Yield Bond and European Short Term High Yield Bond funds as well as a number of other funds and institutional mandates. He is also co-manager of the Threadneedle Credit Opportunities Fund. Based in London, Roman has 22 years of experience of European Corporate Credit and 20 years of experience in running European High Yield portfolios. Roman worked at the company before as a High Yield portfolio manager between 2005 and 2011 rejoining the company in 2018. Since 2011 he was Head of High Yield at Pictet Asset Management where he was in charge of its European High Yield and European Short-Term High Yield bond strategies. Previously he has worked at F&C in London.

David Backhouse

David Backhouse is a portfolio manager in the dedicated High Yield Bond team. He manages the Threadneedle High Yield Bond fund. He joined the company in 2003 as an investment analyst, specialising in non-investment grade credits. Before joining the company, David worked for Gartmore as a credit analyst. He has also worked for UBK Asset Management as a senior Telecommunications analyst and Ernst & Young as an auditor.