The Butler European High Yield Bond UCITS Fund (BEHY UCITS) is a long only European Credit fund. The fund will seek to outperform its reference index, the Markit-iBoxx EUR Liquid High Yield Index (IBOXXMJA), while maintaining a low portfolio volatility.

The BEHY UCITS Fund team uses a unique 3 step investment approach placing risk management and preservation of capital at the centre of portfolio management while constantly seeking opportunities to generate superior risk adjusted returns.

It is managed with the same expertise and investment team as the WB Opportunities Fund and the Butler Credit Opportunities UCITS Fund that have demonstrated outstanding returns in all market conditions since the strategy inception in 2009.

The portfolio management team is very stable and has managed funds since 2005, through a variety of economic cycles including global financial crisis. The team have a proven ability to generate best-in-class risk-adjusted returns both in bull and bear markets, capturing the upside when conditions are supportive and limiting the downside when markets become more challenging.

Butler Investment Managers is a specialized credit asset manager created in 2008 by Walter Butler. The company is part of Butler Corum, a European group managing EUR 3 billion in real estate and liquid credit strategies.


Butler European High Yield


Recognized results on the European High Yield (EHY) market with all investment team members involved in the EHY market since its inception in early 2000s, hence a solid knowledge of the investment universe.


3-step investment approach placing risk management and preservation of capital at the centre of portfolio management while constantly seeking opportunities to generate superior risk adjusted returns.


Exact same strategy managed since December 2013 with an outstanding track record.

Terms and Conditions Apply

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MontLake Asset Management Ltd, 23 St. Stephen's Green, Dublin 2, D02 AR55, Ireland is licensed to provide Investment Management services to Professional Clients (including Collective Investment Schemes) by the Central Bank of Ireland.

MontLake UCITS Platform ICAV is an umbrella open-ended Irish collective asset-management vehicle with segregated liability between Funds formed in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations.

The Manager of MontLake UCITS Platform ICAV is MontLake Management Ltd, a company regulated by the Central Bank of Ireland. 

This website is directed mainly for professional and institutional clients who possess the necessary experience, knowledge and expertise to make their own investment decisions and properly assess the risk that it incurs.

Information on this website was obtained from various sources and the company does not guarantee its accuracy. The information is for your private use and discussion purposes only and expressed views and opinions may change.

The Performance figures quoted refer to the past and past performance is not a guarantee of future performance or a reliable guide to future performance. The value of your investment and their income may go down as well as up.

Your investment may also be subject to currency, interest rate, as well as market fluctuations. Consequently the Investor may not get back a sum equal to that he / she originally invested.

Investors should note that an investment in those Sub-Funds which may invest in emerging markets should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.

The Sub-Funds may invest in Over the Counter as well as Exchange Traded derivative instruments to enhance return or hedge against fluctuations in security prices or market rates as well as to short sell a security through the use of a derivative instrument. Transactions in derivative instruments involve a risk of loss or depreciation of capital due to adverse changes in security prices, exchange rates or interest rates or in the case of OTC instruments default of Counterparty. This investment may not be suitable for all types of investors. It is therefore recommended that you consult your investment advisor.

A commission or sales fee may be charged at the time of the initial purchase for an investment and may be deducted from the invested amount therefore lowering the size of your investment. The Investment Manager will be entitled to receive a performance fee as well as a management fee, calculated on a daily basis and paid quarterly by the sub-funds.

The Levels and bases of taxation are dependent on individual circumstances and subject to change and therefore it is highly recommended that you consult a professional tax advisor.