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AXA Global High Yield Class Z - Income (GBP Gross)

Sell:89.40p Buy:89.40p Change: 0.09p (0.10%)
Prices as at 22 November 2024
Sell:89.40p
Buy:89.40p
Change: 0.09p (0.10%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 22 November 2024
Sell:89.40p
Buy:89.40p
Change: 0.09p (0.10%)
Prices as at 22 November 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Our view on the sector

The yields on offer from high-yield bonds have proven attractive in a low interest rate environment. They now offer less value than they once did. But we still think there are attractive opportunities for those prepared to look. Funds in this sector invest mainly in 'high yield' or 'non-investment grade' bonds. These are issued by companies thought to be less able to pay off their debts so they offer higher yields to compensate for the extra risk. High-yield bonds have tended to perform better when economic growth is strong because companies generally find it easier to pay their debts. But they are riskier and sometimes perform more like shares than investment grade bonds. Funds in this sector could be a good addition to a diversified portfolio invested to generate income.

Performance Analysis

Performance analysis for this fund is not available.

Investment Philosophy

Investment philosophy for this fund is not available.

Process and Portfolio Construction

Process and portfolio construction for this fund are not available.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

22/11/19 to 22/11/20 22/11/20 to 22/11/21 22/11/21 to 22/11/22 22/11/22 to 22/11/23 22/11/23 to 22/11/24
Annual return 5.19% 5.55% -9.83% 7.02% 12.62%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: Yves Berger
Manager start date: 30 July 2021
Manager located in: TBC

? Yves is a Senior Portfolio Manager within the European High Yield team based in London. He is the Lead Portfolio Manager on AXA IM's Maturity 2020 and 2023 fixed maturity funds. ?He was previously instrumental in the launch of AXA IM's flagship European Short Duration High Yield strategy, and remains Deputy Portfolio Manager on this fund as well as Co-manager of the AXA WF European High Yield Bonds fund and AXA WF Global High Yield Bonds fund. ? Yves joined AXA IM in 2007 as part of a Fixed Income Graduate Program (VIE) working alongside the credit research team, with a focus on High Yield. He was appointed to his current Portfolio Manager Analyst role in 2009. Prior to joining AXA IM, Yves worked as a trainee Credit Analyst at IXIS Corporate & Investment Banking in Paris. ? Yves holds an MSc in International Finance from the Rouen Business School, France.

manager photo
Manager Name: Michael Graham
Manager start date: 30 July 2021
Manager located in: TBC

Mike is a Portfolio Manager within the US High Yield team, a role he has held since 2010. Prior to his current role managing US Core High Yield portfolios, he was responsible for research covering the energy sector. Mike joined AXA IM in 2007. Prior to AXA IM, he was an Analyst for two years in the fixed income division of Bear Stearns, where he performed financial analyses and quantitative support for the Public Power group. Michael holds a Bachelor's degree in Economics from Williams College; and he is also a CFA charter-holder.

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Manager Name: Robert Houle
Manager start date: 30 July 2021
Manager located in: TBC

Rob is a Portfolio Manager within the US High Yield team, a role he has held since 2008. Prior to his current role managing US Core High Yield portfolios, he was responsible for research coverage of the basic industry sector. Rob joined AXA IM in 2005 as a US High Yield Credit Analyst. Before joining AXA IM, he was a Trader for three years on the institutional equity trading desk at Lehman Brothers where he traded energy related stocks. Rob holds a Bachelor's degree in economics and psychology from Williams College and is a CFA charter-holder.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now