HY funds begin to differ on US market

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HY funds begin to differ on US market

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A receptionist looks down at the main office of the British-controlled Schroders group in Hong Kong Thursday, Jan. 15, 1998. The financial services group announced late Thursday that it will shut down its securities operations in Asia, but will retain its fund management services. (AP Photo/Vincent Yu) | VINCENT YU/Associated Press

Schroders this week launched a global high yield fund with US exposure, while BNP Paribas IP announced it will reduce holdings of US corporate high yield bonds.

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