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Where to Find the Best High-Yield Value

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.

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Michelle Canavan: I'm Michelle Canavan, mutual fund analyst at Morningstar. I'm here today with Andrew Jessop, lead manager of PIMCO High Yield and PIMCO High Yield Spectrum.

Thanks for joining us today.

Michelle Canavan Ward, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.