Western Asset Global High Income Fund (NYSE:EHI) is a closed-end management investment company launched in 2007 and sponsored by Western Asset Management Company, LLC, a subsidiary of Franklin Templeton. Listed on the New York Stock Exchange, EHI seeks to provide total return by investing primarily in a diversified portfolio of high-yielding fixed-income securities. The fund’s broad mandate allows it to pursue income opportunities across global markets, with flexibility to adjust allocations based on evolving market conditions.
The fund’s portfolio typically includes a mix of corporate high-yield bonds, emerging market sovereign and quasi-sovereign debt, mortgage- and asset-backed securities, and convertible instruments. By maintaining exposure to both developed and emerging markets, the fund aims to capture attractive yield differentials while spreading risk across geographies and sectors. The portfolio management team continuously evaluates credit fundamentals, macroeconomic trends, and interest rate dynamics to identify opportunities for income enhancement and capital preservation.
Western Asset Global High Income Fund employs active management strategies, including the use of modest leverage, to enhance potential returns. The fund may hedge currency exposure selectively to manage volatility and may adjust duration and credit risk profiles in response to interest rate outlooks. Its disciplined risk-management framework emphasizes rigorous credit research, stress testing, and portfolio diversification to navigate market dislocations and pursue consistent monthly distributions.
Western Asset Management, with a history dating back to 1971, is renowned for its fixed-income expertise and global reach. The fund is overseen by a team of experienced portfolio managers and analysts based in Los Angeles and London, led by senior partners who draw on decades of investment experience. This leadership team leverages the broader resources of Franklin Templeton to deliver a high-income strategy designed for investors seeking a regular income stream and total return potential in a single closed-end vehicle.
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