Neuberger Berman launches high yield fund

Neuberger Berman has launched the Global High Yield Sustainable Action fund

The fund will invest in corporate credit that meet the firm’s sustainable investment criteria.┬áManaged by Chris Kocinski and Joseph Lind, it will consist of a portfolio of 90 to 150 issuers with BB and B credit ratings.┬áThe Dublin-domiciled UCITS fund will align sustainability objectives with the United Nations Sustainable Development Goals.