This paper explores how to capitalise on the growing high-yield market.
Non-US issuers have grown from a negligible amount 20 years ago to almost half of a $2 trillion global high yield market, providing expanded opportunities for alpha and diversification compared with investing in just one region.
Eaton Vance's portfolio managers discuss the advantages of high-yield bonds, as they offer better risk-adjusted returns and lower interest-rate sensitivity than the broad fixed-income market.
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