IN A FALLING RATE ENVIRONMENT, WHERE EASY MONETARY POLICY LOOKS SET TO PERSIST FOR THE FORESEEABLE FUTURE, INVESTOR DEMAND FOR FIXED INCOME INVESTMENTS OFFERING AN ATTRACTIVE YIELD WILL LIKELY INCREASE. HOWEVER, A BENCHMARKED APPROACH TO HIGH YIELD MAY NOT BE IDEAL FOR MANY INCOME-ORIENTED INVESTORS. ALTERNATIVELY, A MORE DEFENSIVE APPROACH THAT FOCUSES ON THE SHORTER END OF THE HIGH YIELD MARKET MAY OFFER A COMPELLING SOLUTION, RETAINING THE POTENTIAL FOR HIGHER RETURNS BUT WITH LOWER EXPECTED VOLATILITY. By Ulrich Gerhard and Cathy BraganzaWeiterlesen