Mirabaud's Luis: Our screaming buys in the high yield market

Mirabaud Asset Management's newest hire Fatima Luis has outlined her ‘screaming buys' in the high yield bond market in an environment of renewed volatility.

The co-manager of the Mirabaud Global High Yield Bond fund said macroeconomic uncertainty has presented buying opportunities in certain segments of her investment universe. At the geographical level, she pointed to the UK and Europe as offering undervalued investment ideas while, in terms of credit quality, she prefers B-rated issues. Luis (pictured) joined Mirabaud in June to work with Andrew Lake on the group's high yield portfolios, having previously worked on F&C's bond team. She and Lake have been adding risk back into portfolios recently as the start of QE tapering talk at th...