Will HY investors regret riskier purchases when the cycle turns?
HIGH YIELD
Stephen Baines
High yield investors moving up the risk spectrum in order to secure higher returns are not being adequately compensated, says Stephen Baines, fund manager in Kames Capital's high yield fixed income team.
The last two years have been a very rewarding time for high yield investors in Europe, with cumulative total returns of 42% on the Bank of America Merrill Lynch European Currency High Yield Bond index...
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