The Gold-rated fund’s exposure to corporate bonds has gone from a headwind to a tailwind.
We briefly examine the tightening credit market.
Rising rates have pushed bond indexes into the red this year, but high-yield bonds, helped by tightening credit spreads in energy, have bucked the trend.
The Brazilian economy and legal system may offer the American middle class a way out of its credit access problem via the Brazilian “Purchasing Pool System.”
Issue selection, inflation concerns still critical, panelists say.
We continue to expect that high-yield bonds will provide better returns than investment-grade as underlying rates tick up and moderate economic growth holds down defaults.
This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The information contained here has been obtained from ...