The world is starved for yield," observes Brad Beman, chief investment officer and director of high yield
for AEGON USA Investment Management, in Cedar Rapids, Iowa.
Under the terms of the proposals, shareholders of The High Yield
Income Fund, Inc.
The report provides additional key figures for high yield
and leverage loan issuance for both Q4 and the entire year.
Stolberg and Haley will enhance the management of SSgA's high yield
assets and further advance the firm's global active credit capabilities.
A top provider of execution and liquidity in small and mid-cap securities, Jefferies has expertise in equity, convertible, high yield
and other fixed income securities, as well as derivatives, options, ETFs and commodity-linked products.
In some ways the low default rate is somewhat self-perpetuating in that low defaults have made high yield
an attractive asset class which has in turn increased liquidity, making it possible for companies that need money to access the market.
Prior to MFS, he was head of the high yield
group at Liberty Funds Group.
It will be interesting to watch whether the new supply materializes as anticipated, and whether it is enough to lead to a buyers' market," said Robert Horton, Senior Director, Fitch High Yield
Plewniak was responsible for the creation and management of Lipper & Company's high yield
management from its inception in 1991.
Shares of Putnam High Yield
Trust received in the merger will be subject to a short-term redemption fee of 1.
Based on the diversity of the fund's portfolio, the cushion of the over-collateralization tests, the conservative valuation of the semi-liquid and illiquid investments and the experience of GTCP in the high-yield loan, mezzanine and special situation asset classes, Fitch affirms all of the rated liabilities issued by GoldenTree High Yield
Opportunities II, L.
Erikson, CFA, as lead portfolio manager of the following: Evergreen High Yield
Bond Fund (NASDAQ:EKHAX) and Evergreen VA High Income Fund, both open end funds, and closed end fund Evergreen Income Advantage Fund (AMEX:EAD).