2024-02-04 22:46:00 ET
Summary
- A traditional investment-grade multi-sector bond portfolio offers clear attractions.
- An investment-grade-only portfolio misses out on the benefit of wider diversification.
- The high-yield market is relatively small and has tended to benefit as bond issues are promoted to and demoted from investment grade.
By Gershon M. Distenfeld, CFA, Fahd Malik & Will Smith, CFA
Many investors limit their mandates to credits rated BBB or higher. But they could tap high-quality high yield - without adding to overall risk. ...
Read the full article on Seeking Alpha
For further details see:
Why High Yield Belongs In Your Investment-Grade Income Portfolio