With today's high-yield credit market exceeding $500bn and comprising issuers from almost every industry, advisers are beginning to realise the worth of so-called junk bonds
High-yield bonds may have been unfortunate enough to have been branded junk bonds but advisers are increasingly realising that they are anything but rubbish. Today's market exceeds $500bn and includes issuers from almost every industry. The sales of high-yield corporate bond funds have also risen significantly as today's low inflation/low interest rate environment continues to force the migration of deposit investors to more attractive pastures. While high-yield bonds are obviously riskier than investment grade, they compensate investors by offering far more attractive levels of yield....
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