Follows Italy's Atlante fund
Morgan Stanley and Baillie Gifford discuss
Collapsing oil prices, falling equities, over exposure to energy and global stagnation have been the narrative for high yield market bears, writes Kames Capital's Adrian Hull.
Manager of £15.5bn bond fund
Managers discuss their positions
The US high yield market spread, measured by the option-adjusted spread on the Bank of America/Merrill Lynch US HY Master II index, has been on a rising trend since the end of 2014. As at the end of January 2016, it sat at around 770 basis points, which...
US high yield bonds are attractive