Ken Orchard, co-manager of the $114m T. Rowe Price Diversified Income Bond fund, has said he is "not convinced" this is the time to be adding to US high yield despite strong technical factors and the rising oil price supporting the asset class.
Orchard (pictured) said he doesn't expect US high yield spreads to tighten from here against US Treasury yields as valuations compared to other fixed income asset classes appear expensive. US high yield...
Marcus Brookes appointed CIO
Industry Voice: Over the past ten years, investors have operated in an environment characterised by extremely accommodative and unconventional monetary policy.
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Aviva Investors' chief investment officer for equities, David Cumming, discusses how his team have integrated ESG factors into their decision-making process