High-yield bonds were particularly affected during the March sell-off, and the asset class is still trading at attractive valuations. At a time when listed companies are cutting dividends, we believe that high yield’s income-generating qualities means that it has the potential to deliver superior risk-adjusted returns earlier on in the market’s recovery.
Fidelity Asia Fund portfolio manager Teera Chanpongsang reflects on the recent volatility in regional equity markets and outlines the benefits of maintaining a longer-term perspective in the current environment
Credit cycles patterns have the ability to provide signals as to when to take or reduce risks. Yet many fund managers failed to spot the end of the credit cycle was nigh in 2020