Is high yield worth the risk?

HIGH YIELD

clock • 4 min read

As fixed income investors turn to high yield amid talk of the end of the bond bull run, Ken Rayner, director at Rayner Spencer Mills, urges caution...

Sterling high yield bond funds are defined as those which invest at least 80% of their assets in sterling denominated (or hedged back to sterling) fixed interest securities, and at least 50% in below BBB-minus fixed interest securities (as measured by Standard and Poors or an equivalent external rating agency), including convertibles, preference shares and permanent interest bearing shares. The ability for bond investors to make significant gains over the coming years has been questioned recently and yet we have continued to see support for a wide range of assets through 2012. The mai...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Fixed Income

Partner Insight: Fixed income balancing act

Partner Insight: Fixed income balancing act

Tom Ross and Tim Winstone, fixed income portfolio managers at Janus Henderson, reflect on why corporate bond markets are resilient in the face of geopolitical tensions

Tom Ross and Tim Winstone, fixed income portfolio managers at Janus Henderson
clock 12 May 2026 • 9 min read
The gilt market blip creating a tax-efficient path for investors

The gilt market blip creating a tax-efficient path for investors

'Not an investment that fits all, but a clever opportunity for some'

Richard Slattery-Vickers
clock 30 March 2026 • 4 min read
Why fixed income now demands an institutional mindset

Why fixed income now demands an institutional mindset

Fixed income is back — but not in the way many investors remember it, writes Gerald Rehn

Gerald Rehn
clock 09 March 2026 • 3 min read