Nikko Asset Management (Nikko AM) has launched a Corporate Hybrid Bond fund dedicated to investing in hybrid debt of highly rated corporations. The fund is managed by its London-based Global Fixed Income team and JPY 5.1bn (€42m) was raised from Japanese institutional investors, reflecting growing demand for higher yielding quality investment solutions. Senior high yield analyst and portfolio manager of the fund Richard Kehoe said, ‘'Corporate hybrids have features of both debt and equity securities that can provide an incremental yield advantage relative to senior unsecured debt, ...
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