Columbia Threadneedle Investments has made available to investors in Spain its total return short maturity high yield strategy, which was launched in 2019 and registered in Luxembourg.
The Threadneedle (Lux) European Short-Term High Yield Bond fund, now registered for sale on the Spanish National Securities Market Commission (CNMV), is co-managed by Roman Gaiser, Columbia Threadneedle's head of High Yield Portfolio Management EMEA, and Gareth Simmons, high yield portfolio manager and investment analyst. Both are also supported by the European High Yield Team.
The Fund seeks to achieve a total return from income with some capital appreciation. It aims to deliver income by investing primarily in short maturity European High Yield Credit.
Roman Gaiser, head of High Yield Portfolio Management, EMEA, at Columbia Threadneedle Investments, said in July 2019: "Our approach to managing credit strategies is grounded in intensive fundamental research that allows the team to measure the risk on an absolute basis.
"The fund focuses on a bond's maturity rather than duration when managing risk. This removes the unpredictability of duration extension risk, giving this fund lower interest rate sensitivity than a standard high yield bond fund."