Trustnet Magazine 81 February 2022 | Page 22

US high yield bond new issuance surpassed 2020 ’ s record
ADVERTORIAL FEATURE
2020 , which itself exceeded the previous record set in 2012 . Much of this was driven by the refinancing of existing debt .
Style and quality matter The Henderson Diversified Income Trust , managed by John Pattullo and Jenna Barnard , seeks to provide shareholders with a high level of income while preserving capital growth over the long term , by investing in a diversified portfolio of global fixed income and floating-rate assets . The team can invest in high yield corporate bonds , investment grade corporate bonds , government bonds and secured loans , with no limits on the underlying percentages held in each . Although high yield bonds currently account for nearly 60 % of its holdings , John and Jenna focus on selecting high-quality bonds within the segment . Investment grade corporate bonds represent the next highest allocation within the portfolio , at 30 %. The trust has a long-term track record of delivering a consistent and “ sensible income ”, underpinned by the team ’ s clear and disciplined investment approach . John and Jenna liken their investment

US high yield bond new issuance surpassed 2020 ’ s record

Volume
$ 500B
400
300
200
100
0
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Source : Bloomberg as at 09 / 11 / 2021
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