Inflows to fixed-income products continued in November on account of market-volatility worries, while equity outflows this year could surpass 2008 levels.
PIMCO's Andrew Jessop sees opportunities with European and health-care high-yield bonds but also warns of likely lower returns beginning in 2013 given the recent runup.
The T. Rowe Price High-Yield manager says the fund has been buying recently as the sell-off has created opportunity in high-conviction names, including some in the energy sector.
2012 shows the importance of paying attention to valuations amid the doom-and-gloom headlines.
High-yield dividend stocks may have entered a bubble, and clients and advisors should be aware.
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