Colonial First State Global Asset Management (‘CFSGAM’), known outside of Australia as First State Investments, are pleased to announce the launch of a new High Yield team led by Matt Philo to further expand the firm’s global fixed income capability. The addition of the new team reflects CFSGAM’s strategy of continuing to build out its global fixed income business, to ensure it can offer existing and prospective clients access to their best investment thinking across the fixed income spectrum.

Based in New York, the High Yield team of five investment professionals will manage dedicated sub-investment grade corporate bond portfolios. The team will collaborate closely with CFSGAM’s existing fixed income teams across the US, Asia and EMEA and share investment views and ideas through CFSGAM’s proprietary, technology-based platform; the Investment Opinion Network (‘ION’). Other investment capabilities across CFSGAM’s global fixed income platform will have immediate access to these strategies and research insights for the benefit of their clients.

Important Information
References to “we” or “us” are references to Colonial First State Global Asset Management (CFSGAM) a member of MUFG, a global financial group. CFSGAM includes a number of entities in different jurisdictions, operating in Australia as CFSGAM and as First State Investments (FSI) elsewhere. Past performance is not a reliable indicator of future performance. Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell. Reference to such securities or the names of any company are merely to explain the investment strategy and should not be construed as investment advice or a recommendation to invest in any of those companies. Neither MUFG nor any of its subsidiaries are responsible for any statement or information contained in this document. Neither the MUFG Group nor any of its subsidiaries guarantee the performance of any securities or companies mentioned herein or the repayment of capital in relation to such securities or companies. Investments in such securities are not deposits or other liabilities of the MUFG Group or its subsidiaries, and such investments are subject to investment risk, including loss of income and capital invested.