Bleak forecast for bonds

high-yield

Fund managers are generally negative on high-yield bonds for next year, despite optimism of economic...

Fund managers are generally negative on high-yield bonds for next year, despite optimism of economic prospects pushing the market higher in recent months. According to research on the high income sector by Standard & Poor's, managers generally found the three months to the end of October challenging, confirmed by some significant performance disparities in certain currency sub-sectors over such a short period. The most common reason for underperformance was substantial exposure to investment grade bonds. In the face of the recent testing background, the analyst said a common theme among...