Neuberger Berman launches global HY bond fund

Neuberger Berman has launched a spin-off high yield bond fund to meet investor demand for a global version of its existing blockbuster fund. The Neuberger Berman High Yield Bond fund will be managed by Patrick Flynn in collaboration with colleagues from the US high yield team, managers on the European high yield bond strategy and the emerging market debt funds. Tom Douie, the head of intermediary EMEA at Neuberger Berman talks to This is Money.