Western Asset High Income Fund II Inc (HIX)
Western Asset High Income Fund II Inc operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $3.94, up 0.00% on the session, giving a market capitalisation of $354.9M. On trailing twelve-month figures it carries a trailing P/E of 7.88, a net margin of 98.7%. Its beta of 0.91 implies it has historically moved less than the broad market.
Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.
Western Asset High Income Fund II Inc is most often compared with the following Financial Services names: