High-yield paper is expected to continue its strong run, although Aegon is cautioning the easy money...
High-yield paper is expected to continue its strong run, although Aegon is cautioning the easy money has already been made in the asset class. Philip Milburn, fixed income manager at Aegon Asset Management, expects high yield to continue to perform well as the current trading environment is constructive for credit, both high yield and investment grade. Barings is also positive on the high yield end of the market but negative on government paper, in particular for the US market, believing the economic outlook and weak US dollar pose a threat. As the economic outlook improves for 2004, Ba...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes