Will Smith, CFA

Will Smith, CFA

Director—US High Yield

9 Years at AB
12 Years of experience

Will Smith is a Senior Vice President and Director of US High Yield Credit. He is also a member of the High Income, Global High Yield, Limited Duration High Income, Short Duration High Yield and European High Yield portfolio-management teams. Smith designed and is one of the lead portfolio managers for AB’s Multi-Sector Credit Strategy, which invests across investment-grade and high-yield credit sectors globally. He leads the monthly High Yield portfolio-construction meeting, and is a member of the Credit Research Review Committee, which determines investment policy for the firm’s credit-related portfolios. Smith has authored several papers and blogs on high-yield investing, including one on the importance of using a probability-based framework to build better portfolios. He joined AB in 2012, and spent 2014 in London as part of the European High Yield portfolio-management team. Smith started his career with UBS Investment Bank, working as an analyst with the Credit Risk team and then later on the Fixed Income sales and trading desk. He holds a BA in economics from Boston College and is a CFA charterholder. Location: New York

Three Reasons It’s Time to Add High-Yield Bonds
Will Corporate Credits Crack as Growth Slows?
Want to De-Risk? Look to High Yield
High Time for High Income
Corporate Credits Can Withstand Policy Normalization in 2022
Why High-Yield Investors Are Rooting for Rates to Rise
Rethinking High Yield
Seeking Refuge in High-Yield Bonds?
Why Investors Shouldn’t Take a Time-Out from High Yield
High Yield: Rising Stars and Other Omens
2021 Outlook: Will Global Credit Be in the Sweet Spot?
Looking to De-Risk? High Yield Can Help

Looking to De-Risk? High Yield Can Help

by Gershon Distenfeld, Will Smith
The S&P 500 Index hit an all-time high on April 23, thanks to improving investor optimism. But for some equity investors, market highs signal a good time to reduce downside risk. Shifting a modest allocation into US high yield is an efficient way of doing just that—significantly lowering overall risk while only modestly curbing potential returns.

Asset Allocation, Fixed Income, Volatility


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