VLT - High Yield: The Comeback Kid
The US high-yield market has suffered ten peak-to-trough losses greater than 5% in the last 20 years. On average, investors recovered their losses in only four months - and sometimes as few as two. Following the longest and largest drawdown of -35%, which lasted 19 months, investors who stayed in the high-yield market earned back 55% in just eight months.
And that's not all: The price of the high-yield market has historically continued to rise following recovery. While we anticipate more bumps in the high-yield road in 2019, high-income investors currently on the sidelines might