Investors junk high-yield

In an earlier Super Advisor article (High-yield securites: eyes on the exits) we highlighted the risk that we're at a turning point for high yield - junk bonds and hybrids - with possible implications for other high yielding assets. This blog post (from soberlook.com) again highlights the risk. Due to extreme global monetary policy, a lot of investors have been chasing higher yields and there's every chance many of them haven't focused enough on risk or fair value. The concern, highlighted in the comment 'what worries some HY investors is that junk bond pricing is very dependent on fund flows', is that a flow...

In an earlier Super Advisor article (High-yield securites: eyes on the exits) we highlighted the risk that we're at a turning point for high yield - junk bonds and hybrids - with possible implications for other high yielding assets.

This blog post (from soberlook.com) again highlights the risk. Due to extreme global monetary policy, a lot of investors have been chasing higher yields and there's every chance many of them haven't focused enough on risk or fair value.

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