Business Description
Western Asset High Income Opportunity Fund Inc. is a US-based closed-end fund that focuses on high-yield corporate bonds in the American fixed income market. Established in November 1993 and overseen by Legg Mason Partners Fund Advisor LLC alongside two Western Asset Management entities, the fund targets an average portfolio duration of roughly four years and a credit quality of B. Its performance is measured against the Barclays Capital U.S. Corporate High Yield 2 Issuer Cap Index.
