AXA Investment Management (AXA IM) is seeking to reopen its onshore £535 million U.S. Short Duration High Yield fund, Investment Week reports. The firm recently removed the cap on the £4.1 billion offshore version of the fund.
The onshore fund was launched in April 2010. The product, which was soft-closed following strong demand after reaching the £500 million mark last November, is being managed by the group’s head of U.S. fixed income Robert Schumacher.
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