US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.
The ever-faster treadmill of new issues in high yield gives plenty of scope for letting standards slide. Perhaps it is better to focus on established borrowers, argues Donald Phillips, manager of the Baillie Gifford's High Yield Bond fund.
Kames Capital's bond manager Phil Milburn has been finding investment opportunities in the new issue market this month after increasing the cash weighting in his High Yield Bond fund.
Are high yield bonds worth the risk as leverage grows?
Old Mutual Global Investors is to unveil a high yield fund for Christine Johnson and Bastian Wagner.
Bond managers have welcomed a series of European high yield ‘megadeals' offering a cheaper alternative to typical issuance.
ING Investment Management plans to launch two funds in April in order to give UK and European investors broader access to its debt strategies.
M&G corporate bond fund manager Stefan Isaacs finds discussion of high yield headwinds strangely absent from a recent conference.