Matt Freund, CFA, Co-CIO, Head of Fixed Income Strategies and Senior Co-Portfolio Manager, explains the hybrid nature of high yield bonds, whose returns generally fall in between the returns of equities and high-quality bonds, and his assertion that investors are being “well paid” for taking on the risk inherent to the high yield bond market.Transcript
Video recorded 10/17/19.
Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Fixed income securities entail interest rate risk. High yield securities are also subject to increased credit risk and liquidity risk.
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