Time to Downshift Your High-Yield Portfolio?

High yield has generated exceptional returns as it has recovered from the 2007–2008 market dislocations. We’ve recently seen a meaningful retracement of spreads and an increase in volatility. Predicting future returns is difficult, but our view is that high yield remains a very attractive investment for the long run. However, to stay in the game, it may make sense to downshift the risk profile of your high-yield strategy.

WHAT TO READ NEXT

Clients Only

The content you have selected is for clients only. If you are a client, please continue to log in. You will then be able to open and read this content.