Aberdeen Asset Management [profile] has launched a U.S. high yield bond fund.

"With few higher-yielding alternatives currently available, it's no surprise that there is such a strong demand for high-yield bonds," noted Keith Bachman, Aberdeen's head of U.S. high yield, in a press release.

Bachman is running the fund together with derivatives portfolio manager Brendan Dillon, U.S. fixed income head Christopher Gagnier, portfolio manager/analyst Edward Grant and portfolio manager Neal Rayner.

The fund's expense ratios are 110 basis points for A shares, 180 bps for C shares, 135 bps for R shares, 80 bps for Institutional shares and 85 bps for Institutional service shares. [prospectus] 

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