high yield

US high yield bonds are attractive

Lombard Odier IM's Kevin Corrigan explores opportunities in the 'crossover' credit zone - a lesser-loved group of corporate bonds rated BBB and BB - which sit either side of the divide between investment grade and high yield bonds.

We bond investors are often characterised as a gloomy bunch, fretting over inflation and keeping an anxious eye on central banks. That is, of course, a gross simplification, James Foster, co-manager of the Artemis Monthly Distribution fund.

Threat of divide

Said likelihood of recession is around 25%

Oil, industrials and banks dividends at risk

Steering clear of energy sector

Topping up exposure on weakness

Third Avenue froze withdrawals from $788m vehicle

To be listed on London Stock Exchange