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What High-Yield Investors Need to Know Today

The problems at Third Avenue are likely isolated, but both active and passive high-yield investors need to be aware of the risks and opportunities today.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. High-yield bonds have slumped in recent weeks for a variety of reasons. Joining me to discuss the implications for fundholders are Sumit Desai, he is a senior fixed-income analyst with Morningstar, and Ben Johnson, he is director of global ETF research with Morningstar.

Gentlemen, thank you so much for being here.