Kemper Funds has introduced a new junk bond mutual fund that will seek
Kemper High Yield Fund II will invest mainly in high-yield bonds and
The management team for the two funds is substantially the same.
Recent flows into junk bond funds made the time right to roll out the
High Yield II aims to maintain at least 90% of its assets in high-yield
But fund managers may also invest up to 20% of the assets in equities,
The fund has further flexibility to boost performance in that it also
Kemper said it does not anticipate using the leverage under normal