Europe Offers High Yield Opportunities
Five billion dollars has flowed out of the the high yield bond market in just one week - but while the US market is overcrowded, Europe provides plenty of opportunities
Emma Wall: Hello and welcome to the Morningstar series, 'Why Should I Invest with You?' I'm Emma Wall and here with me today is Mike Della Vedova, manager of the T. Rowe Price European High Yield Bond Fund. Hello, Mike.
So there's been some negative press around the high-yield bond space at the moment and last week according to Merrill Lynch the entire sector saw outflows of $5 billion in just a seven-day period. That’s following on from Janet Yellen sort of talking down the asset class. Should we be concerned?