This Allianz Global Investors report, led by David Newman and Jan King, dispels common misconceptions about high-yield fixed income and presents its potential in diversified portfolios.
• Portfolio Benefits: High-yield bonds offer strong return potential and diversification, with relatively low correlation to Treasuries.
• Default Risks: Defaults remain low as a record share of proceeds is used for refinancing, extending debt maturities.
• Global Strategy: A global approach to high yield can enhance returns by leveraging regional economic cycles and sector strengths.
For an in-depth analysis and strategic allocation insights, read the full report.
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