high yield

High-yield products may look like other bond offerings, but they do not act like them, writes Arif Husain, director of fixed income at AllianceBernstein.

Baillie Gifford's High Yield manager Donald Phillips has been boosting exposure to Greek cororpate bonds to take advantage of the sky-high yields on offer.

ON BONDS

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Thomas Samson, portfolio manager at Muzinich & Co, looks at the high yield bonds to own in an uncertain environment.

M&G bond star Richard Woolnough has built up the largest exposure to high yield across his three bond funds since he started at M&G in 2004.

Kames Capital's bond managers Stephen Snowden and Phil Milburn have warned it is too early to start buying up cheap stock as we are only 75% of the way through the European sovereign debt crisis.

Legal & General Investment Management has hired Martin Reeves from AllianceBernstein to replace David North as manager of its £1.9bn High Income trust.

AXA Investment Management is planning to reopen its onshore £535m US Short Duration High Yield fund, after removing the cap on the £4.1bn offshore version of the fund.

European investors who pumped billions into high-yield bonds in first half of 2011 could see asset class faced with rising default rates.