Bullish predictions spark growing interest in global high yield credit space

Asset class could see a correction of 10% in next few months as inflows top all other sectors

High yield credit is currently enjoying heightened interest as predictions over its future performance are mounting on both a UK and global basis. Schroders' head of US fixed income Wesley Sparks says the global high yield space could see a correction of at least 10% in the next few months. He adds the sector has seen some of the biggest inflows and best performance of any sector, with $19bn into high yield funds in the US alone this year, but says that could reverse in the near future. On home shores, Investment Management Association figures out last month reported a spike in demand...