high yield

In the second of a two-part series, Investment Week asks managers for their views on high yield following the sector sell-off in Q3 and how they are gaining exposure.

A wave of risk aversion hit high yield bonds in Q3. Here, fund managers give their views on the sector after the sell-off and where the sweet spots now lie for investors.

List includes a number of overseas trusts

Managers of bond funds have a reputation for being gloomy. Perhaps that is the price we pay for our repeated warnings about inflation, defaults and currency debasement, writes Artemis' James Foster.

Favours investment grade over HY

Toby Nangle, head of multi-asset at Columbia Threadneedle, says the team is looking carefully for signs of stability in three places at the "centre of the international financial market vortex".

Given the threat of imminent rate rises, it might seem to be safer to invest in European bonds than US bonds.

Henderson's Ben Lofthouse lifts the lid on the team's favourite plays.

Kirill Pyshkin, fund manager at Mirabaud Asset Management, says the recent underperformance of global high dividend stocks is unusual, so should investors be taking advantage of the buying opportunity?

So far in 2015, the European high yield market has defied many by outperforming that of the US. Many had believed the dislocation in US high yield, widely blamed on slumping oil prices at the end of 2014, would leave room for it to outperform Europe in...