How to Strike the Right Balance in High Yield Bonds
High yield bonds can help diversify portfolio duration risk and strengthen yield curve positioning as the Federal Reserve looks to normalize interest rates.
Strong 2016 performance and a sharp rally in credit spreads have prompted some investors to take a cautious view of high yield bonds. However, we believe this asset class remains attractive as part of a fixed income allocation, particularly as the US Federal Reserve looks to raise interest rates. The key is to approach the asset class thoughtfully.
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