Bond managers: Why we have increased high yield exposure

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Joanna Faith talks to managers about their bullish views on high yield.

With the global outlook looking more positive, risk appetite has re-emerged. One sign of this is the money flowing back into high yield. According to EPFR Global, in 2012 to the end of February, European high yield saw $5.6bn of net inflows, a rise of nearly 8%.  The strength of corporate fundamentals compared to developed market governments is just one factor supporting the asset class. Here, three bond managers explain the other reasons they have increased their allocation. Ariel Bezalel, Fund manager of the Jupiter Strategic Bond fund The ECB’s liquidity measures have had a s...