The Pioneer Group of Boston plans to open a junk bond fund that will incorporate assets from another high-yield bond fund, according to an SEC filing.

The Pioneer High Yield Fund will invest at least 65 percent of its assets in below- investment grade debt securities - those rated BB or lower by S&P and similar rating agencies, the filing said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.